Convert Czech Republic Koruna to Malagasy Ariary
Please provide values below to convert Czech Republic Koruna [CZK] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Czech Republic Koruna.
How to Convert Czech Republic Koruna to Malagasy Ariary
1 CZK = 0.00474157929886592 MGA
Example: convert 15 CZK to MGA:
15 CZK = 15 × 0.00474157929886592 MGA = 0.0711236894829888 MGA
Czech Republic Koruna to Malagasy Ariary Conversion Table
| Czech Republic Koruna | Malagasy Ariary |
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Czech Republic Koruna
The Czech Republic Koruna (CZK) is the official currency of the Czech Republic, used for all monetary transactions within the country.
History/Origin
The Koruna was introduced in 1993 following the dissolution of Czechoslovakia, replacing the Czechoslovak koruna at par. It has undergone various reforms and decimalization over the years.
Current Use
The CZK is widely used in everyday transactions, banking, and international trade within the Czech Republic. It is also accepted in some neighboring regions and is actively traded on the foreign exchange market.
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.