Historic Saudi riyal Malagasy Ariary

Saudi riyal malagasy ariary history for August 2023. The highest quote for this month is 1201.38 (25/08/2023) and the lowest 1196.53 (25/08/2023). The difference between high and low is 0.4.

SAR MGA average rate for August 2023 is 1186.92773, the change between 01/08/2023 and 31/08/2023 is -1.04 %.

01 August 20231 SAR = 1182.23 MGA
02 August 20231 SAR = 1184.74 MGA
03 August 20231 SAR = 1193.63 MGA
04 August 20231 SAR = 1182.32 MGA
07 August 20231 SAR = 1183.01 MGA
08 August 20231 SAR = 1176.04 MGA
09 August 20231 SAR = 1175.17 MGA
10 August 20231 SAR = 1174.90 MGA
11 August 20231 SAR = 1190.79 MGA
14 August 20231 SAR = 1193.80 MGA
15 August 20231 SAR = 1183.68 MGA
16 August 20231 SAR = 1183.58 MGA
17 August 20231 SAR = 1184.01 MGA
18 August 20231 SAR = 1185.20 MGA
21 August 20231 SAR = 1191.97 MGA
22 August 20231 SAR = 1186.55 MGA
24 August 20231 SAR = 1192.83 MGA
25 August 20231 SAR = 1186.32 MGA
28 August 20231 SAR = 1197.15 MGA
29 August 20231 SAR = 1195.97 MGA
30 August 20231 SAR = 1193.98 MGA
31 August 20231 SAR = 1194.54 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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

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.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

01/08/2003: Second Redenomination of Ariary

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

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

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.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.