Convert Falkland Islands Pound to Malagasy Ariary
Please provide values below to convert Falkland Islands Pound [FKP] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Falkland Islands Pound.
How to Convert Falkland Islands Pound to Malagasy Ariary
1 FKP = 0.000167175842022691 MGA
Example: convert 15 FKP to MGA:
15 FKP = 15 × 0.000167175842022691 MGA = 0.00250763763034036 MGA
Falkland Islands Pound to Malagasy Ariary Conversion Table
| Falkland Islands Pound | Malagasy Ariary |
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Falkland Islands Pound
The Falkland Islands Pound (FKP) is the official currency of the Falkland Islands, pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1899, the Falkland Islands Pound has been used as the local currency, maintaining a fixed exchange rate with the British Pound, and has evolved alongside economic developments in the islands.
Current Use
The Falkland Islands Pound is actively used for all local transactions, issued by the Falkland Islands Monetary Authority, and is accepted alongside the British Pound within the islands.
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.