Historic Panamanian Balboa Malagasy Ariary

Panamanian Balboa malagasy ariary history for January 2024. The highest quote for this month is 4682.37 (05/01/2024) and the lowest 4668.39 (01/01/2024). The difference between high and low is 0.3.

PAB MGA average rate for January 2024 is 4627.41815, the change between 01/01/2024 and 31/01/2024 is +1.21 %.

01 January 20241 PAB = 4668.39 MGA
02 January 20241 PAB = 4668.39 MGA
03 January 20241 PAB = 4659.83 MGA
04 January 20241 PAB = 4665.65 MGA
05 January 20241 PAB = 4682.41 MGA
06 January 20241 PAB = 4589.33 MGA
07 January 20241 PAB = 4589.33 MGA
08 January 20241 PAB = 4655.41 MGA
09 January 20241 PAB = 4689.57 MGA
10 January 20241 PAB = 4633.96 MGA
11 January 20241 PAB = 4639.16 MGA
12 January 20241 PAB = 4625.72 MGA
14 January 20241 PAB = 4570.54 MGA
15 January 20241 PAB = 4630.84 MGA
16 January 20241 PAB = 4619.87 MGA
17 January 20241 PAB = 4615.03 MGA
18 January 20241 PAB = 4646.89 MGA
19 January 20241 PAB = 4641.69 MGA
22 January 20241 PAB = 4620.66 MGA
23 January 20241 PAB = 4627.62 MGA
24 January 20241 PAB = 4608.18 MGA
25 January 20241 PAB = 4626.81 MGA
26 January 20241 PAB = 4629.10 MGA
28 January 20241 PAB = 4532.48 MGA
29 January 20241 PAB = 4583.02 MGA
30 January 20241 PAB = 4608.72 MGA
31 January 20241 PAB = 4611.69 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.
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