Historic South African rand Malagasy Ariary

South African rand malagasy ariary history for December 2023. The highest quote for this month is 249.03 (21/12/2023) and the lowest 254.29 (25/12/2023). The difference between high and low is -2.11.

ZAR MGA average rate for December 2023 is 244.06571, the change between 01/12/2023 and 31/12/2023 is -2.71 %.

01 December 20231 ZAR = 238.6 MGA
02 December 20231 ZAR = 241.4 MGA
03 December 20231 ZAR = 241.4 MGA
04 December 20231 ZAR = 242.2 MGA
05 December 20231 ZAR = 237.8 MGA
06 December 20231 ZAR = 239.1 MGA
07 December 20231 ZAR = 239.3 MGA
08 December 20231 ZAR = 242.9 MGA
10 December 20231 ZAR = 238.4 MGA
11 December 20231 ZAR = 240.5 MGA
12 December 20231 ZAR = 238.8 MGA
13 December 20231 ZAR = 241.0 MGA
14 December 20231 ZAR = 243.9 MGA
15 December 20231 ZAR = 248.7 MGA
16 December 20231 ZAR = 246.6 MGA
17 December 20231 ZAR = 246.6 MGA
18 December 20231 ZAR = 248.9 MGA
19 December 20231 ZAR = 244.9 MGA
20 December 20231 ZAR = 248.6 MGA
21 December 20231 ZAR = 250.9 MGA
22 December 20231 ZAR = 250.8 MGA
23 December 20231 ZAR = 245.3 MGA
24 December 20231 ZAR = 245.3 MGA
25 December 20231 ZAR = 247.3 MGA
26 December 20231 ZAR = 247.6 MGA
27 December 20231 ZAR = 244.0 MGA
28 December 20231 ZAR = 248.3 MGA
29 December 20231 ZAR = 245.1 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.

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

01/08/2003: Second Redenomination of Ariary

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

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/01/1983: Introduction of Malagasy Ariary

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

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national currency.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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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