Convert Malagasy Ariary to Euro
Please provide values below to convert Malagasy Ariary [MGA] to Euro [EUR], or Convert Euro to Malagasy Ariary.
How to Convert Malagasy Ariary to Euro
1 MGA = 5193.23490090301 EUR
Example: convert 15 MGA to EUR:
15 MGA = 15 × 5193.23490090301 EUR = 77898.5235135452 EUR
Malagasy Ariary to Euro 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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.