Convert Malagasy Ariary to Bermudan Dollar
Please provide values below to convert Malagasy Ariary [MGA] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Malagasy Ariary.
How to Convert Malagasy Ariary to Bermudan Dollar
1 MGA = 4428.2714 BMD
Example: convert 15 MGA to BMD:
15 MGA = 15 × 4428.2714 BMD = 66424.071 BMD
Malagasy Ariary to Bermudan Dollar Conversion Table
| Malagasy Ariary | Bermudan Dollar |
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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.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.