Convert British Pound Sterling to Malagasy Ariary
Please provide values below to convert British Pound Sterling [GBP] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to British Pound Sterling.
How to Convert British Pound Sterling to Malagasy Ariary
1 GBP = 0.000167153259847624 MGA
Example: convert 15 GBP to MGA:
15 GBP = 15 × 0.000167153259847624 MGA = 0.00250729889771435 MGA
British Pound Sterling to Malagasy Ariary Conversion Table
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British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.
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.