Historic Saudi riyal Malagasy Ariary

Saudi riyal malagasy ariary history for September 2023. The highest quote for this month is 1204.9 (15/09/2023) and the lowest 1206.81 (04/09/2023). The difference between high and low is -0.16.

SAR MGA average rate for September 2023 is 1194.70857, the change between 01/09/2023 and 30/09/2023 is -0.44 %.

01 September 20231 SAR = 1193.92 MGA
04 September 20231 SAR = 1213.53 MGA
05 September 20231 SAR = 1192.68 MGA
06 September 20231 SAR = 1193.37 MGA
07 September 20231 SAR = 1189.19 MGA
08 September 20231 SAR = 1187.84 MGA
11 September 20231 SAR = 1189.46 MGA
12 September 20231 SAR = 1189.21 MGA
13 September 20231 SAR = 1187.82 MGA
14 September 20231 SAR = 1187.86 MGA
15 September 20231 SAR = 1191.87 MGA
18 September 20231 SAR = 1190.15 MGA
19 September 20231 SAR = 1193.69 MGA
20 September 20231 SAR = 1194.58 MGA
21 September 20231 SAR = 1193.13 MGA
22 September 20231 SAR = 1210.46 MGA
25 September 20231 SAR = 1195.03 MGA
26 September 20231 SAR = 1195.90 MGA
27 September 20231 SAR = 1198.66 MGA
28 September 20231 SAR = 1201.30 MGA
29 September 20231 SAR = 1199.23 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.