Convert Maldivian Rufiyaa to Malagasy Ariary
Please provide values below to convert Maldivian Rufiyaa [MVR] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Malagasy Ariary
1 MVR = 0.00348628135122883 MGA
Example: convert 15 MVR to MGA:
15 MVR = 15 × 0.00348628135122883 MGA = 0.0522942202684325 MGA
Maldivian Rufiyaa to Malagasy Ariary Conversion Table
| Maldivian Rufiyaa | Malagasy Ariary |
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.