Currency exchange rate NEXO against the Malagasy Ariary. Chart, history price and prediction on tomorrow, next month, 2024 year
On this page, you can always find detailed information about the NEXO currency exchange rate against the Malagasy Ariary currency:
currency exchange rate history, background information, prediction and more about NEXO/MGA
Chart of History of changes in the NEXO/MGA exchange rate
NEXO/MGA exchange rate on today
06 11, 2024
1 NEXO = 6,349 MGA
▼ -2.91 %
This page provides information about the currency pair NEXO/Malagasy Ariary, and more precisely about how much 1 NEXO costs in Malagasy Ariary.
Data on the currency pair NEXO/MGA are presented by the world's leading exchanges and Central banks of the countries that issue these currencies. We constantly update this data so that you get only the most up-to-date information about the currency pair NEXO/MGA and make a balanced decision about buying and selling the currency you are interested in.
The page also provides information about the dynamics of the exchange rate of NEXO/Malagasy Ariary, statistics and prediction of the exchange rate of these currencies in the near future from our experts.
How to make a forecast for currencies and cryptocurrencies?
There are several approaches to forecasting the exchange rate of currencies and cryptocurrencies:
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Fundamental analysis: This approach involves analyzing economic and financial data to determine the intrinsic value of a currency or cryptocurrency. This can include factors such as interest rates, inflation rates, economic growth, political stability, and fiscal policy. Based on this analysis, investors can make predictions about the future exchange rate.
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Technical analysis: This approach involves analyzing past market data, such as price and volume, to identify patterns and trends that can be used to predict future market movements. Technical analysis can be used to identify support and resistance levels, momentum indicators, and other factors that can influence the exchange rate.
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Sentiment analysis: This approach involves analyzing market sentiment and investor behavior to predict future market movements. Sentiment analysis can include monitoring social media, news articles, and other sources of market sentiment to gauge investor sentiment and predict market movements.
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Machine learning: This approach involves using statistical models and machine learning algorithms to analyze vast amounts of market data and make predictions about future market movements. Machine learning can be used to identify patterns and relationships in market data that might not be visible to the human eye.
In summary, there are several approaches to forecasting the exchange rate of currencies and cryptocurrencies, including fundamental analysis, technical analysis, sentiment analysis, and machine learning. Each approach has its strengths and weaknesses, and investors may use a combination of approaches to make more accurate predictions about future market movements.
Change in the NEXO/MGA exchange rate over the past 30 days
For the last 30 days (05 13, 2024 — 06 11, 2024) the NEXO exchange rate against the Malagasy Ariary currency changed by 15.92% (5,477 MGA — 6,349 MGA)
Change in the NEXO/MGA exchange rate over the past 90 days
For the last 90 days (03 14, 2024 — 06 11, 2024) the NEXO exchange rate against the Malagasy Ariary currency changed by -8.14% (6,912 MGA — 6,349 MGA)
Change in the NEXO/MGA exchange rate over the past 365 days
For the last 365 days (06 13, 2023 — 06 11, 2024) the NEXO exchange rate against the Malagasy Ariary currency changed by 127.08% (2,796 MGA — 6,349 MGA)
Change in the NEXO/MGA exchange rate for all time
For all the time our site has been running (04 10, 2020 — 06 11, 2024) the NEXO exchange rate against the Malagasy Ariary currency changed by 1298.1% (454.13 MGA — 6,349 MGA)
NEXO/Malagasy Ariary price prediction
NEXO/Malagasy Ariary price prediction for the next 30 days*
12/06 | 6,319 MGA | ▼ -0.47 % |
13/06 | 6,271 MGA | ▼ -0.76 % |
14/06 | 6,418 MGA | ▲ 2.33 % |
15/06 | 6,570 MGA | ▲ 2.37 % |
16/06 | 6,795 MGA | ▲ 3.42 % |
17/06 | 6,838 MGA | ▲ 0.64 % |
18/06 | 6,816 MGA | ▼ -0.32 % |
19/06 | 7,103 MGA | ▲ 4.21 % |
20/06 | 7,514 MGA | ▲ 5.78 % |
21/06 | 7,470 MGA | ▼ -0.58 % |
22/06 | 7,373 MGA | ▼ -1.3 % |
23/06 | 7,327 MGA | ▼ -0.62 % |
24/06 | 7,326 MGA | ▼ -0.02 % |
25/06 | 7,432 MGA | ▲ 1.45 % |
26/06 | 7,580 MGA | ▲ 1.99 % |
27/06 | 7,587 MGA | ▲ 0.1 % |
28/06 | 7,605 MGA | ▲ 0.23 % |
29/06 | 7,613 MGA | ▲ 0.11 % |
30/06 | 7,618 MGA | ▲ 0.06 % |
01/07 | 7,505 MGA | ▼ -1.48 % |
02/07 | 7,405 MGA | ▼ -1.33 % |
03/07 | 7,450 MGA | ▲ 0.61 % |
04/07 | 7,606 MGA | ▲ 2.09 % |
05/07 | 7,828 MGA | ▲ 2.91 % |
06/07 | 7,886 MGA | ▲ 0.75 % |
07/07 | 7,830 MGA | ▼ -0.71 % |
08/07 | 7,633 MGA | ▼ -2.52 % |
09/07 | 7,600 MGA | ▼ -0.42 % |
10/07 | 7,698 MGA | ▲ 1.29 % |
11/07 | 7,786 MGA | ▲ 1.14 % |
* — Price prediction of the NEXO/Malagasy Ariary currency pair are compiled by our specialists based on statistical data, global trends and major business news. Price prediction for 30 days, 3 months, and a year are made by different experts and may have slight differences.
NEXO/Malagasy Ariary price prediction for the next 3 months*
17/06 — 23/06 | 6,317 MGA | ▼ -0.51 % |
24/06 — 30/06 | 6,605 MGA | ▲ 4.57 % |
01/07 — 07/07 | 5,940 MGA | ▼ -10.08 % |
08/07 — 14/07 | 5,956 MGA | ▲ 0.27 % |
15/07 — 21/07 | 5,883 MGA | ▼ -1.22 % |
22/07 — 28/07 | 6,113 MGA | ▲ 3.92 % |
29/07 — 04/08 | 5,863 MGA | ▼ -4.1 % |
05/08 — 11/08 | 6,624 MGA | ▲ 12.98 % |
12/08 — 18/08 | 7,133 MGA | ▲ 7.68 % |
19/08 — 25/08 | 7,026 MGA | ▼ -1.49 % |
26/08 — 01/09 | 7,285 MGA | ▲ 3.69 % |
02/09 — 08/09 | 7,359 MGA | ▲ 1.02 % |
NEXO/Malagasy Ariary price prediction for the next year*
07/2024 | 6,322 MGA | ▼ -0.42 % |
08/2024 | 5,625 MGA | ▼ -11.03 % |
09/2024 | 5,424 MGA | ▼ -3.57 % |
10/2024 | 6,191 MGA | ▲ 14.15 % |
11/2024 | 7,211 MGA | ▲ 16.47 % |
12/2024 | 8,720 MGA | ▲ 20.94 % |
01/2025 | 8,722 MGA | ▲ 0.02 % |
02/2025 | 11,180 MGA | ▲ 28.19 % |
03/2025 | 12,827 MGA | ▲ 14.72 % |
04/2025 | 11,267 MGA | ▼ -12.16 % |
05/2025 | 13,327 MGA | ▲ 18.28 % |
06/2025 | 13,746 MGA | ▲ 3.14 % |
NEXO/Malagasy Ariary exchange rate statistics
For 30 days | |
---|---|
Minimum | 5,330 MGA |
Maximum | 6,645 MGA |
Weighted Average | 6,216 MGA |
For 90 days | |
Minimum | 5,055 MGA |
Maximum | 6,984 MGA |
Weighted Average | 5,912 MGA |
For 365 days | |
Minimum | 2,351 MGA |
Maximum | 7,098 MGA |
Weighted Average | 4,047 MGA |
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