United States dollar malagasy ariary history for July 2023. The highest quote for this month is 4508.07 (05/07/2023) and the lowest 4501 (05/07/2023). The difference between high and low is 0.16.
USD MGA average rate for July 2023 is 4460.54667, the change between 01/07/2023 and 31/07/2023 is +1.36 %.
05 July 2023 | 1 USD = 4506.39 MGA |
25 July 2023 | 1 USD = 4430.00 MGA |
31 July 2023 | 1 USD = 4445.25 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.
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.
01/08/2003: Second Redenomination of Ariary
The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.
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.
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.