Convert Malagasy Ariary to Argentine Peso
Please provide values below to convert Malagasy Ariary [MGA] to Argentine Peso [ARS], or Convert Argentine Peso to Malagasy Ariary.
How to Convert Malagasy Ariary to Argentine Peso
1 MGA = 3.49737507601665 ARS
Example: convert 15 MGA to ARS:
15 MGA = 15 × 3.49737507601665 ARS = 52.4606261402497 ARS
Malagasy Ariary to Argentine Peso Conversion Table
| Malagasy Ariary | Argentine Peso |
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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.
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.