Historical Exchange Rates
NIO to MGA Historical Exchange Rates
Review date-based historical exchange-rate data for Nicaraguan Córdoba and Malagasy Ariary. This page is designed for historical lookup, not current conversion.
Showing the 30D range. Providers may omit weekends, holidays or dates without published data.
Data source: Frankfurter | Rate date:
Historical Chart
NIO/MGA range data
1 NIO = 116.270319 MGA on
Monthly and annual reference summary
Calculated from available daily provider observations for 2026-07 and 2026.
| Date | Rate |
|---|---|
| 2026-07-08 | 1 NIO = 115.261082 MGA |
| 2026-07-09 | 1 NIO = 115.267481 MGA |
| 2026-07-10 | 1 NIO = 115.371255 MGA |
| 2026-07-13 | 1 NIO = 115.655495 MGA |
| 2026-07-14 | 1 NIO = 115.58125 MGA |
| 2026-07-15 | 1 NIO = 115.778806 MGA |
| 2026-07-16 | 1 NIO = 116.509786 MGA |
| 2026-07-17 | 1 NIO = 115.777856 MGA |
| 2026-07-20 | 1 NIO = 115.891074 MGA |
| 2026-07-21 | 1 NIO = 116.731585 MGA |
| 2026-07-22 | 1 NIO = 116.479819 MGA |
| 2026-07-23 | 1 NIO = 116.58413 MGA |
| 2026-07-24 | 1 NIO = 116.631857 MGA |
| 2026-07-27 | 1 NIO = 116.006479 MGA |
| 2026-07-28 | 1 NIO = 116.270319 MGA |
Historical trend summary
Observed changes in NIO/MGA
Across 22 provider observations from to , NIO/MGA finished above its first observation. The observed change was +1.15%.
The lowest observed rate was 1 NIO = 114.95129 MGA on . The highest was 1 NIO = 116.731585 MGA on . These statements describe the selected data only and are not a forecast.
Historical Context
Understanding NIO/MGA historical data
NIO/MGA records how many malagasy ariary units one nicaraguan córdoba represented at each provider publication. Nicaraguan Córdoba is associated with Nicaragua, while Malagasy Ariary is associated with Madagascar. The series can support dated price comparisons, cross-currency records and research into how the relationship changed over the selected period.
Observed movement can reflect relative inflation, economic activity, monetary-policy conditions, trade and demand for the two currencies. The documented exchange-rate arrangements also provide context: Managed exchange-rate framework; Market-based exchange-rate framework. These are historical reference observations, not intraday transaction prices, forecasts or evidence that a single factor caused a particular change.
Exchange-rate information is provided for reference only and is not financial, trading or investment advice.
Source and calculation method
CurrencyHub preserves the requested date separately from the actual provider publication date. Monthly and annual averages are arithmetic means of available daily observations, and the month-end value is the final published observation in that calendar month. No missing weekend or holiday rate is invented or interpolated. Review the policy that applies to any accounting, tax or legal use.
Data interpretation note
These observations are reference rates for comparison and research, not bank execution prices. A requested weekend or holiday may have no publication because the provider follows its own release calendar; CurrencyHub identifies the actual published date instead of inventing or interpolating a value. Banks and payment services can use different processing dates, spreads and fees.