Convert Malaysian Ringgit to Malagasy Ariary
Please provide values below to convert Malaysian Ringgit [MYR] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Malagasy Ariary
1 MYR = 0.000955542155794697 MGA
Example: convert 15 MYR to MGA:
15 MYR = 15 × 0.000955542155794697 MGA = 0.0143331323369205 MGA
Malaysian Ringgit to Malagasy Ariary Conversion Table
| Malaysian Ringgit | Malagasy Ariary |
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.