Malagasy Ariary

The Malagasy Ariary increased to 2383.01 in April from 2378.03 in March of 2014. Malagasy Ariary averaged 1568.84 from 1994 until 2014, reaching an all time high of 2397.11 in April of 2014 and a record low of 665 in January of 1996. The USDMGA spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDMGA spot exchange rate is quoted and exchanged in the same day, the USDMGA forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Malagasy Ariary - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2383.01 2378.03 2397.11 665.00 2343.25 | 2014/05 1994 - 2014 Daily

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Malagasy Ariary
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Markets Last Previous Highest Lowest Forecast Unit
Currency 2383.01 2014-04-23 2378.03 2397.11 665.00 2343.25 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Madagascar Car Registrations at 964.00 Cars  
Car Registrations in Madagascar decreased to 964 Cars in December of 2013 from 1323 Cars in November of 2013. Car Registrations in Madagascar is reported by the Institut National de la Statistique de Madagascar.
Madagascar Interest Rate at 9.50 Percent  
The benchmark interest rate in Madagascar was last recorded at 9.50 percent. Interest Rate in Madagascar is reported by the Central Bank of Madagascar.
Madagascar Inflation Rate at 6.10 Percent  
The inflation rate in Madagascar was recorded at 6.10 percent in February of 2014. Inflation Rate in Madagascar is reported by the Institut National de la Statistique de Madagascar.
Madagascar Personal Income Tax Rate at 20.00 percent  
The Personal Income Tax Rate in Madagascar stands at 20 percent. Personal Income Tax Rate in Madagascar is reported by the General Direction of Taxes.
Madagascar Government Debt To GDP at 29.50 Percent  
Madagascar recorded a Government Debt to GDP of 29.50 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Madagascar is reported by the Central Bank of Madagascar.
Madagascar GDP Annual Growth Rate at 1.90 Percent  
The Gross Domestic Product (GDP) in Madagascar expanded 1.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Madagascar is reported by the Institut National de la Statistique de Madagascar.
Madagascar Current Account to GDP at -8.30 Percent  
Madagascar recorded a Current Account deficit of 8.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Madagascar is reported by the Central Bank of Madagascar.
Madagascar Corporate Tax Rate at 20.00 percent  
The Corporate Tax Rate in Madagascar stands at 20 percent. Corporate Tax Rate in Madagascar is reported by the General Direction of Taxes.
Madagascar Sales Tax Rate at 20.00 Percent  
The Sales Tax Rate in Madagascar stands at 20 percent. Sales Tax Rate in Madagascar is reported by the General Direction of Taxes.
Madagascar Balance of Trade at -361806.00 million MGA  
Madagascar recorded a trade deficit of 361806 million MGA in September of 2013. Balance of Trade in Madagascar is reported by the Institut National de la Statistique de Madagascar.
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In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
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The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
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South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
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