Convert Malagasy Ariary to Danish Krone
Please provide values below to convert Malagasy Ariary [MGA] to Danish Krone [DKK], or Convert Danish Krone to Malagasy Ariary.
How to Convert Malagasy Ariary to Danish Krone
1 MGA = 696.40048436812 DKK
Example: convert 15 MGA to DKK:
15 MGA = 15 × 696.40048436812 DKK = 10446.0072655218 DKK
Malagasy Ariary to Danish Krone Conversion Table
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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.
Danish Krone
The Danish Krone (DKK) is the official currency of Denmark, used for everyday transactions and issued by the Danmarks Nationalbank.
History/Origin
The Danish Krone was introduced in 1875, replacing the rigsdaler, and has undergone various reforms, including pegging to the euro and adopting a floating exchange rate since 1999.
Current Use
The DKK is widely used in Denmark for all financial transactions, including banking, commerce, and international trade, and is also accepted in the Faroe Islands and Greenland.