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 January 2024
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