Convert Jamaican Dollar to Malagasy Ariary
Please provide values below to convert Jamaican Dollar [JMD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Jamaican Dollar.
How to Convert Jamaican Dollar to Malagasy Ariary
1 JMD = 0.0361489812932423 MGA
Example: convert 15 JMD to MGA:
15 JMD = 15 × 0.0361489812932423 MGA = 0.542234719398635 MGA
Jamaican Dollar to Malagasy Ariary Conversion Table
| Jamaican Dollar | Malagasy Ariary |
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Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.
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.