Convert Thai Baht to Malagasy Ariary
Please provide values below to convert Thai Baht [THB] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Thai Baht.
How to Convert Thai Baht to Malagasy Ariary
1 THB = 0.00727430572570597 MGA
Example: convert 15 THB to MGA:
15 THB = 15 × 0.00727430572570597 MGA = 0.10911458588559 MGA
Thai Baht to Malagasy Ariary Conversion Table
| Thai Baht | Malagasy Ariary |
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Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.
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.