Historic Malaysian ringgit Malagasy Ariary

Malaysian ringgit malagasy ariary history for January 2024. The highest quote for this month is 996.87 (01/01/2024) and the lowest 996.32 (01/01/2024). The difference between high and low is 0.06.

MYR MGA average rate for January 2024 is 971.54593, the change between 01/01/2024 and 31/01/2024 is +4.23 %.

01 January 20241 MYR = 995.4 MGA
02 January 20241 MYR = 996.3 MGA
03 January 20241 MYR = 990.0 MGA
04 January 20241 MYR = 990.0 MGA
05 January 20241 MYR = 987.5 MGA
06 January 20241 MYR = 986.4 MGA
07 January 20241 MYR = 987.9 MGA
08 January 20241 MYR = 975.1 MGA
09 January 20241 MYR = 985.2 MGA
10 January 20241 MYR = 975.3 MGA
11 January 20241 MYR = 976.7 MGA
12 January 20241 MYR = 973.7 MGA
14 January 20241 MYR = 984.0 MGA
15 January 20241 MYR = 972.9 MGA
16 January 20241 MYR = 966.3 MGA
17 January 20241 MYR = 972.4 MGA
18 January 20241 MYR = 962.9 MGA
19 January 20241 MYR = 961.8 MGA
22 January 20241 MYR = 957.3 MGA
23 January 20241 MYR = 956.8 MGA
24 January 20241 MYR = 952.6 MGA
25 January 20241 MYR = 956.3 MGA
26 January 20241 MYR = 956.9 MGA
28 January 20241 MYR = 959.3 MGA
29 January 20241 MYR = 948.5 MGA
30 January 20241 MYR = 951.0 MGA
31 January 20241 MYR = 953.3 MGA

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.

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

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.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

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.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.
MYR MGA January 2024
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