Convert Singapore Dollar to Malagasy Ariary
Please provide values below to convert Singapore Dollar [SGD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Singapore Dollar.
How to Convert Singapore Dollar to Malagasy Ariary
1 SGD = 0.00028898409433532 MGA
Example: convert 15 SGD to MGA:
15 SGD = 15 × 0.00028898409433532 MGA = 0.0043347614150298 MGA
Singapore Dollar to Malagasy Ariary Conversion Table
| Singapore Dollar | Malagasy Ariary |
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Singapore Dollar
The Singapore Dollar (SGD) is the official currency of Singapore, used for all monetary transactions within the country.
History/Origin
The Singapore Dollar was introduced in 1967, replacing the Malayan dollar, and has since evolved into a stable currency managed by the Monetary Authority of Singapore.
Current Use
Today, the SGD is widely used in Singapore for everyday transactions, banking, and international trade, and is considered a major Asian currency.
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.