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Exchange rates for the Deutsche Mark in Madagascar / DEM 1 = MGF ... (selling) / up to 1993

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  1. Exchange rates, euro foreign exchange reference rates, gold prices
  2. Exchange rates in individual countries
  3. Yearly average
  4. DEM Deutsche Mark (historical)
  5. MGF Malagasy franc (Madagascar)
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBEX3.A.MGF.DEM.CA.AB.A04
Unit MGF
Dimension one
Timespan from 1974 to 1993
Last update 20.09.2023 12:49:40 PM
   
General The term ariary was also commonly used to refer to 5 Malagasy francs. From 9 May 1994, only indicative rates (average) were given, see BBEX3:A:MGF:DEM:CA:AC:A04.
Methodology Calculated on the basis of month-end rates.
Source Banque Centrale de Madagascar, Antananarivo (formerly: Banque Centrale de la République Malgache).
   
Comment on 1991 On 9 January 1991, the Malagasy franc was devalued. We recorded the following exchange rates (buying/selling rate): 8 January 1991: DEM 1 = MGF 960.18 / 969.83 9 January 1991: DEM 1 = MGF 1,086.77 / 1,097.69 Calculated devaluation: 11.6%.
Comment on 1987 On 25 June 1987, the Malagasy franc was devalued. We recorded the following exchange rates (buying/selling rate): 24 June 1987: DEM 1 = MGF 475.95 / 480.74 25 June 1987: DEM 1 = MGF 740.47 / 747.91 Calculated devaluation: 35.7%.
Comment on 1986 On 9 August 1986, the Malagasy franc was devalued. We recorded the following exchange rates (buying/selling rate): 8 August 1986: DEM 1 = MGF 290.31 / 293.23 11 August 1986: DEM 1 = MGF 362.33 / 365.97 Calculated devaluation: 19.9%.
Comment on 1984 On 16 March 1984, the Malagasy franc was devalued. We recorded the following exchange rates (buying/selling rate): 15 March 1984: DEM 1 = MGF 184.11 / 184.95 16 March 1984: DEM 1 = MGF 209.88 / 211.99 Calculated devaluation: 12.5% (on average).
Comment on 1983 On 3 October 1983, the Malagasy franc was devalued. We recorded the following exchange rates (buying/selling rate): 30 September 1983: DEM 1 = MGF 164.23 / 165.88 3 October 1983: DEM 1 = MGF 181.20 / 183.02 Calculated devaluation: 9.4%.
Comment on 1982 On 17 May 1982, the Malagasy franc was devalued. We recorded the following exchange rates (buying/selling rate): 14 May 1982: DEM 1 = MGF 131.66 / 132.99 17 May 1982: DEM 1 = MGF 151.02 / 152.54 Calculated devaluation: 12.8%.
Comment on 1974 Average of the exchange rates from March and June to December 1974.
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