Historic Saudi riyal Malagasy Ariary

Saudi riyal malagasy ariary history for January 2024. The highest quote for this month is 1224.41 (06/01/2024) and the lowest 1224.38 (07/01/2024). The difference between high and low is 0.

SAR MGA average rate for January 2024 is 1210.94741, the change between 01/01/2024 and 31/01/2024 is +1.45 %.

01 January 20241 SAR = 1220.54 MGA
02 January 20241 SAR = 1220.33 MGA
03 January 20241 SAR = 1216.19 MGA
04 January 20241 SAR = 1216.02 MGA
05 January 20241 SAR = 1221.32 MGA
06 January 20241 SAR = 1224.44 MGA
07 January 20241 SAR = 1224.38 MGA
08 January 20241 SAR = 1209.75 MGA
09 January 20241 SAR = 1222.79 MGA
10 January 20241 SAR = 1208.57 MGA
11 January 20241 SAR = 1210.28 MGA
12 January 20241 SAR = 1207.10 MGA
14 January 20241 SAR = 1219.40 MGA
15 January 20241 SAR = 1206.23 MGA
16 January 20241 SAR = 1204.00 MGA
17 January 20241 SAR = 1205.61 MGA
18 January 20241 SAR = 1212.08 MGA
19 January 20241 SAR = 1210.63 MGA
22 January 20241 SAR = 1202.88 MGA
23 January 20241 SAR = 1206.69 MGA
24 January 20241 SAR = 1201.37 MGA
25 January 20241 SAR = 1206.76 MGA
26 January 20241 SAR = 1208.23 MGA
28 January 20241 SAR = 1209.31 MGA
29 January 20241 SAR = 1196.40 MGA
30 January 20241 SAR = 1201.46 MGA
31 January 20241 SAR = 1202.82 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.
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