Convert Macedonian Denar to Malagasy Ariary
Please provide values below to convert Macedonian Denar [MKD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Macedonian Denar.
How to Convert Macedonian Denar to Malagasy Ariary
1 MKD = 0.0119337310716773 MGA
Example: convert 15 MKD to MGA:
15 MKD = 15 × 0.0119337310716773 MGA = 0.17900596607516 MGA
Macedonian Denar to Malagasy Ariary Conversion Table
| Macedonian Denar | Malagasy Ariary |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.