Historic New Zealand Dollar Malagasy Ariary

New Zealand Dollar malagasy ariary history for February 2024. The highest quote for this month is 2811.81 (24/02/2024) and the lowest 2814.95 (25/02/2024). The difference between high and low is -0.11.

NZD MGA average rate for February 2024 is 2764.65815, the change between 01/02/2024 and 29/02/2024 is +0.86 %.

01 February 20241 NZD = 2750.36 MGA
02 February 20241 NZD = 2768.64 MGA
03 February 20241 NZD = 2749.79 MGA
04 February 20241 NZD = 2751.29 MGA
05 February 20241 NZD = 2737.92 MGA
06 February 20241 NZD = 2717.56 MGA
07 February 20241 NZD = 2747.96 MGA
08 February 20241 NZD = 2767.65 MGA
09 February 20241 NZD = 2748.56 MGA
12 February 20241 NZD = 2758.10 MGA
13 February 20241 NZD = 2769.81 MGA
14 February 20241 NZD = 2741.16 MGA
15 February 20241 NZD = 2752.96 MGA
16 February 20241 NZD = 2760.43 MGA
17 February 20241 NZD = 2779.94 MGA
18 February 20241 NZD = 2780.96 MGA
19 February 20241 NZD = 2760.88 MGA
20 February 20241 NZD = 2757.57 MGA
21 February 20241 NZD = 2785.56 MGA
22 February 20241 NZD = 2789.18 MGA
23 February 20241 NZD = 2781.68 MGA
24 February 20241 NZD = 2811.81 MGA
25 February 20241 NZD = 2814.07 MGA
26 February 20241 NZD = 2775.87 MGA
27 February 20241 NZD = 2782.59 MGA
28 February 20241 NZD = 2776.63 MGA
29 February 20241 NZD = 2726.84 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.

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.
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