Panamanian Balboa malagasy ariary exchange rate history (PAB MGA) December 2023

Panamanian Balboa malagasy ariary history for December 2023. The highest quote for this month is 4687.91 (21/12/2023) and the lowest 4667.78 (25/12/2023). The difference between high and low is 0.43.

PAB MGA average rate for December 2023 is 4614.76357, the change between 01/12/2023 and 31/12/2023 is -0.68 %.

01 December 2023	1 PAB = 4599.70 MGA
02 December 2023	1 PAB = 4499.02 MGA
03 December 2023	1 PAB = 4499.02 MGA
04 December 2023	1 PAB = 4604.64 MGA
05 December 2023	1 PAB = 4572.86 MGA
06 December 2023	1 PAB = 4637.26 MGA
07 December 2023	1 PAB = 4642.26 MGA
08 December 2023	1 PAB = 4672.37 MGA
10 December 2023	1 PAB = 4522.89 MGA
11 December 2023	1 PAB = 4645.40 MGA
12 December 2023	1 PAB = 4659.20 MGA
13 December 2023	1 PAB = 4668.08 MGA
14 December 2023	1 PAB = 4657.53 MGA
15 December 2023	1 PAB = 4663.29 MGA
16 December 2023	1 PAB = 4522.89 MGA
17 December 2023	1 PAB = 4522.89 MGA
18 December 2023	1 PAB = 4632.40 MGA
19 December 2023	1 PAB = 4656.96 MGA
20 December 2023	1 PAB = 4665.21 MGA
21 December 2023	1 PAB = 4686.94 MGA
22 December 2023	1 PAB = 4662.32 MGA
23 December 2023	1 PAB = 4522.89 MGA
24 December 2023	1 PAB = 4522.89 MGA
25 December 2023	1 PAB = 4667.78 MGA
26 December 2023	1 PAB = 4667.78 MGA
27 December 2023	1 PAB = 4647.24 MGA
28 December 2023	1 PAB = 4660.67 MGA
29 December 2023	1 PAB = 4631.00 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.

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.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

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.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.

Historic Panamanian Balboa Malagasy Ariary