Convert Malagasy Ariary to United States Dollar
Please provide values below to convert Malagasy Ariary [MGA] to United States Dollar [USD], or Convert United States Dollar to Malagasy Ariary.
How to Convert Malagasy Ariary to United States Dollar
1 MGA = 4428.2714 USD
Example: convert 15 MGA to USD:
15 MGA = 15 × 4428.2714 USD = 66424.071 USD
Malagasy Ariary to United States Dollar 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.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.