Historic Ugandan Shilling Malagasy Ariary

Ugandan Shilling malagasy ariary history for January 2024. The highest quote for this month is 1.2202 (01/01/2024) and the lowest 1.2202 (01/01/2024). The difference between high and low is 0.

UGX MGA average rate for January 2024 is 1.20394, the change between 01/01/2024 and 31/01/2024 is +2.15 %.

01 January 20241 UGX = 1.220 MGA
02 January 20241 UGX = 1.220 MGA
03 January 20241 UGX = 1.215 MGA
04 January 20241 UGX = 1.209 MGA
05 January 20241 UGX = 1.213 MGA
06 January 20241 UGX = 1.212 MGA
07 January 20241 UGX = 1.212 MGA
08 January 20241 UGX = 1.213 MGA
09 January 20241 UGX = 1.216 MGA
10 January 20241 UGX = 1.205 MGA
11 January 20241 UGX = 1.206 MGA
12 January 20241 UGX = 1.203 MGA
14 January 20241 UGX = 1.204 MGA
15 January 20241 UGX = 1.204 MGA
16 January 20241 UGX = 1.197 MGA
17 January 20241 UGX = 1.195 MGA
18 January 20241 UGX = 1.203 MGA
19 January 20241 UGX = 1.206 MGA
22 January 20241 UGX = 1.199 MGA
23 January 20241 UGX = 1.199 MGA
24 January 20241 UGX = 1.192 MGA
25 January 20241 UGX = 1.198 MGA
26 January 20241 UGX = 1.199 MGA
28 January 20241 UGX = 1.191 MGA
29 January 20241 UGX = 1.187 MGA
30 January 20241 UGX = 1.193 MGA
31 January 20241 UGX = 1.194 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.

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

01/08/2003: Second Redenomination of Ariary

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

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

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.

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

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.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.

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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