Historic Saudi riyal Malagasy Ariary

Saudi riyal malagasy ariary history for November 2023. The highest quote for this month is 1201.18 (30/11/2023) and the lowest 1199.84 (30/11/2023). The difference between high and low is 0.11.

SAR MGA average rate for November 2023 is 1194.10522, the change between 01/11/2023 and 30/11/2023 is +0.45 %.

01 November 20231 SAR = 1198.43 MGA
02 November 20231 SAR = 1198.66 MGA
03 November 20231 SAR = 1194.31 MGA
06 November 20231 SAR = 1185.24 MGA
07 November 20231 SAR = 1198.64 MGA
08 November 20231 SAR = 1198.58 MGA
09 November 20231 SAR = 1195.83 MGA
10 November 20231 SAR = 1193.14 MGA
13 November 20231 SAR = 1192.63 MGA
14 November 20231 SAR = 1194.57 MGA
15 November 20231 SAR = 1193.19 MGA
16 November 20231 SAR = 1190.68 MGA
17 November 20231 SAR = 1190.74 MGA
20 November 20231 SAR = 1190.74 MGA
21 November 20231 SAR = 1191.93 MGA
22 November 20231 SAR = 1190.61 MGA
23 November 20231 SAR = 1197.96 MGA
24 November 20231 SAR = 1200.22 MGA
26 November 20231 SAR = 1195.36 MGA
27 November 20231 SAR = 1194.81 MGA
28 November 20231 SAR = 1191.90 MGA
29 November 20231 SAR = 1193.24 MGA
30 November 20231 SAR = 1193.01 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.