Convert Canadian Dollar to Malagasy Ariary
Please provide values below to convert Canadian Dollar [CAD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Canadian Dollar.
How to Convert Canadian Dollar to Malagasy Ariary
1 CAD = 0.000307682135290985 MGA
Example: convert 15 CAD to MGA:
15 CAD = 15 × 0.000307682135290985 MGA = 0.00461523202936478 MGA
Canadian Dollar to Malagasy Ariary Conversion Table
| Canadian Dollar | Malagasy Ariary |
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Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.
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.