Historic South African rand Malagasy Ariary

South African rand malagasy ariary history for January 2024. The highest quote for this month is 249.53 (01/01/2024) and the lowest 250.46 (01/01/2024). The difference between high and low is -0.37.

ZAR MGA average rate for January 2024 is 242.22444, the change between 01/01/2024 and 31/01/2024 is +4.13 %.

01 January 20241 ZAR = 250.2 MGA
02 January 20241 ZAR = 250.0 MGA
03 January 20241 ZAR = 245.5 MGA
04 January 20241 ZAR = 243.9 MGA
05 January 20241 ZAR = 244.8 MGA
06 January 20241 ZAR = 245.7 MGA
07 January 20241 ZAR = 245.7 MGA
08 January 20241 ZAR = 243.0 MGA
09 January 20241 ZAR = 246.7 MGA
10 January 20241 ZAR = 242.9 MGA
11 January 20241 ZAR = 243.3 MGA
12 January 20241 ZAR = 242.5 MGA
14 January 20241 ZAR = 245.7 MGA
15 January 20241 ZAR = 242.9 MGA
16 January 20241 ZAR = 241.8 MGA
17 January 20241 ZAR = 238.2 MGA
18 January 20241 ZAR = 238.0 MGA
19 January 20241 ZAR = 239.7 MGA
22 January 20241 ZAR = 237.3 MGA
23 January 20241 ZAR = 235.5 MGA
24 January 20241 ZAR = 237.9 MGA
25 January 20241 ZAR = 239.4 MGA
26 January 20241 ZAR = 239.7 MGA
28 January 20241 ZAR = 241.4 MGA
29 January 20241 ZAR = 238.9 MGA
30 January 20241 ZAR = 239.6 MGA
31 January 20241 ZAR = 239.9 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.
ZAR MGA July 2023
ZAR MGA August 2023
ZAR MGA September 2023
ZAR MGA October 2023
ZAR MGA November 2023
ZAR MGA December 2023
ZAR MGA January 2024
ZAR MGA February 2024
ZAR MGA March 2024
ZAR MGA April 2024
ZAR MGA May 2024
ZAR MGA June 2024
ZAR MGA July 2024