Convert Malagasy Ariary to Turkish Lira
Please provide values below to convert Malagasy Ariary [MGA] to Turkish Lira [TRY], or Convert Turkish Lira to Malagasy Ariary.
How to Convert Malagasy Ariary to Turkish Lira
1 MGA = 109.50036473157 TRY
Example: convert 15 MGA to TRY:
15 MGA = 15 × 109.50036473157 TRY = 1642.50547097355 TRY
Malagasy Ariary to Turkish Lira 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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.