Convert Euro to Malagasy Ariary
Please provide values below to convert Euro [EUR] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Euro.
How to Convert Euro to Malagasy Ariary
1 EUR = 0.000192558206798255 MGA
Example: convert 15 EUR to MGA:
15 EUR = 15 × 0.000192558206798255 MGA = 0.00288837310197383 MGA
Euro to Malagasy Ariary Conversion Table
| Euro | Malagasy Ariary |
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Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.
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.