Convert Malagasy Ariary to Nigerian Naira
Please provide values below to convert Malagasy Ariary [MGA] to Nigerian Naira [NGN], or Convert Nigerian Naira to Malagasy Ariary.
How to Convert Malagasy Ariary to Nigerian Naira
1 MGA = 2.89296597007819 NGN
Example: convert 15 MGA to NGN:
15 MGA = 15 × 2.89296597007819 NGN = 43.3944895511729 NGN
Malagasy Ariary to Nigerian Naira Conversion Table
| Malagasy Ariary | Nigerian Naira |
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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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.