Convert Namibian Dollar to Malagasy Ariary
Please provide values below to convert Namibian Dollar [NAD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Namibian Dollar.
How to Convert Namibian Dollar to Malagasy Ariary
1 NAD = 0.00396694294753479 MGA
Example: convert 15 NAD to MGA:
15 NAD = 15 × 0.00396694294753479 MGA = 0.0595041442130218 MGA
Namibian Dollar to Malagasy Ariary Conversion Table
| Namibian Dollar | Malagasy Ariary |
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Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.
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.