Historic Papua New Guinean Kina Malagasy Ariary

Papua New Guinean Kina malagasy ariary history for January 2024. The highest quote for this month is 1249.69 (05/01/2024) and the lowest 1260.63 (05/01/2024). The difference between high and low is -0.88.

PGK MGA average rate for January 2024 is 1242.97333, the change between 01/01/2024 and 31/01/2024 is -1.57 %.

01 January 20241 PGK = 1230.28 MGA
02 January 20241 PGK = 1230.28 MGA
03 January 20241 PGK = 1263.17 MGA
04 January 20241 PGK = 1263.17 MGA
05 January 20241 PGK = 1268.02 MGA
06 January 20241 PGK = 1231.44 MGA
08 January 20241 PGK = 1242.49 MGA
09 January 20241 PGK = 1266.38 MGA
10 January 20241 PGK = 1236.88 MGA
11 January 20241 PGK = 1220.66 MGA
12 January 20241 PGK = 1233.95 MGA
15 January 20241 PGK = 1235.04 MGA
16 January 20241 PGK = 1232.17 MGA
17 January 20241 PGK = 1230.46 MGA
18 January 20241 PGK = 1253.11 MGA
19 January 20241 PGK = 1251.73 MGA
22 January 20241 PGK = 1231.21 MGA
23 January 20241 PGK = 1249.83 MGA
24 January 20241 PGK = 1248.96 MGA
25 January 20241 PGK = 1254.51 MGA
26 January 20241 PGK = 1256.25 MGA
29 January 20241 PGK = 1203.11 MGA
30 January 20241 PGK = 1248.61 MGA
31 January 20241 PGK = 1249.65 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.

24/03/2020: COVID-19 Economic Impact

The COVID-19 pandemic had a significant impact on the Papua New Guinean economy and the value of the Kina, leading to economic challenges and policy interventions.

19/11/2018: Launch of New Kina Notes and Coins

The Bank of Papua New Guinea launched a new series of Kina banknotes and coins, featuring enhanced security features and improved design.

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.

08/05/1995: Introduction of Polymer Banknotes

Polymer banknotes were introduced in Papua New Guinea, replacing the traditional paper banknotes and providing increased durability.

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.

28/07/1989: Kina Floats in Foreign Exchange Market

The Papua New Guinean Kina was allowed to float freely in the foreign exchange market, leading to fluctuations in its value.

01/01/1983: Introduction of Malagasy Ariary

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

03/02/1976: First Kina Banknotes Issued

The Bank of Papua New Guinea issued the first series of Kina banknotes, featuring unique designs and local elements.

19/12/1975: Independence from Australia

Papua New Guinea gained independence, leading to the introduction of the Papua New Guinean Kina as its currency.

19/12/1975: Introduction of the Kina

The Papua New Guinean Kina was officially introduced as the national currency, replacing the Australian Dollar at a rate of 2 Kina to 1 Australian Dollar.

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.
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