Malagasy Ariary united states dollar history for July 2023. The highest quote for this month is 0.000224 (25/07/2023) and the lowest 0.000228 (25/07/2023). The difference between high and low is -1.79.
MGA USD average rate for July 2023 is 0.00022, the change between 01/07/2023 and 31/07/2023 is -1.35 %.
| 05 July 2023 | 1 MGA = 0.0002 USD |
| 25 July 2023 | 1 MGA = 0.0002 USD |
| 31 July 2023 | 1 MGA = 0.0002 USD |
01/01/2023: Planned Fourth Redenomination of Ariary
Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.
01/01/2017: Third Redenomination of Ariary
The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.
01/08/2003: Second Redenomination of Ariary
The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.
16/12/1993: First Redenomination of Ariary
The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.
01/01/1983: Introduction of Malagasy Ariary
The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.
26/06/1975: Independence of Madagascar
Madagascar declares independence from French colonial rule, leading to changes in the national currency.
26/06/1961: Introduction of Malagasy Franc
Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.