Convert Malagasy Ariary to Chilean Peso
Please provide values below to convert Malagasy Ariary [MGA] to Chilean Peso [CLP], or Convert Chilean Peso to Malagasy Ariary.
How to Convert Malagasy Ariary to Chilean Peso
1 MGA = 4.63989467623578 CLP
Example: convert 15 MGA to CLP:
15 MGA = 15 × 4.63989467623578 CLP = 69.5984201435366 CLP
Malagasy Ariary to Chilean Peso Conversion Table
| Malagasy Ariary | Chilean 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.
Chilean Peso
The Chilean Peso (CLP) is the official currency of Chile, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Chilean Peso was introduced in 1975, replacing the Chilean Escudo, as part of monetary reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Chilean Peso remains the official currency of Chile, widely used in all financial transactions, banking, and commerce across the country.