Convert Chinese Yuan (Offshore) to Malagasy Ariary
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Malagasy Ariary
1 CNH = 0.00161948497555954 MGA
Example: convert 15 CNH to MGA:
15 CNH = 15 × 0.00161948497555954 MGA = 0.0242922746333931 MGA
Chinese Yuan (Offshore) to Malagasy Ariary Conversion Table
| Chinese Yuan (Offshore) | Malagasy Ariary |
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Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
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.