Convert Icelandic Króna to Malagasy Ariary
Please provide values below to convert Icelandic Króna [ISK] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Icelandic Króna.
How to Convert Icelandic Króna to Malagasy Ariary
1 ISK = 0.0274851040069495 MGA
Example: convert 15 ISK to MGA:
15 ISK = 15 × 0.0274851040069495 MGA = 0.412276560104243 MGA
Icelandic Króna to Malagasy Ariary Conversion Table
| Icelandic Króna | Malagasy Ariary |
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Icelandic Króna
The Icelandic Króna (ISK) is the official currency of Iceland, used as the country's primary medium of exchange.
History/Origin
The Króna was introduced in 1981, replacing the Icelandic Krona at par, and has undergone various redenominations and reforms since its inception.
Current Use
The ISK is actively used in Iceland for all financial transactions, including cash, banking, and electronic payments, and is managed by the Central Bank of Iceland.
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.