Convert Kuwaiti Dinar to Malagasy Ariary
Please provide values below to convert Kuwaiti Dinar [KWD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Malagasy Ariary
1 KWD = 6.89659626553151e-05 MGA
Example: convert 15 KWD to MGA:
15 KWD = 15 × 6.89659626553151e-05 MGA = 0.00103448943982973 MGA
Kuwaiti Dinar to Malagasy Ariary Conversion Table
| Kuwaiti Dinar | Malagasy Ariary |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international 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.