Convert Malagasy Ariary to Australian Dollar
Please provide values below to convert Malagasy Ariary [MGA] to Australian Dollar [AUD], or Convert Australian Dollar to Malagasy Ariary.
How to Convert Malagasy Ariary to Australian Dollar
1 MGA = 2895.80918127125 AUD
Example: convert 15 MGA to AUD:
15 MGA = 15 × 2895.80918127125 AUD = 43437.1377190688 AUD
Malagasy Ariary to Australian Dollar Conversion Table
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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.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.