Convert Azerbaijani Manat to Malagasy Ariary
Please provide values below to convert Azerbaijani Manat [AZN] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Azerbaijani Manat.
How to Convert Azerbaijani Manat to Malagasy Ariary
1 AZN = 0.000384009887018217 MGA
Example: convert 15 AZN to MGA:
15 AZN = 15 × 0.000384009887018217 MGA = 0.00576014830527325 MGA
Azerbaijani Manat to Malagasy Ariary Conversion Table
| Azerbaijani Manat | Malagasy Ariary |
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Azerbaijani Manat
The Azerbaijani Manat (AZN) is the official currency of Azerbaijan, used for all monetary transactions within the country.
History/Origin
The Azerbaijani Manat was introduced in 1992, replacing the Soviet ruble, and has undergone several redenominations, with the current version introduced in 2006 to stabilize the economy and control inflation.
Current Use
Today, the AZN is widely used in Azerbaijan for everyday transactions, banking, and trade, and is considered a stable currency within the region.
Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.