Convert Malagasy Ariary to Ukrainian Hryvnia
Please provide values below to convert Malagasy Ariary [MGA] to Ukrainian Hryvnia [UAH], or Convert Ukrainian Hryvnia to Malagasy Ariary.
How to Convert Malagasy Ariary to Ukrainian Hryvnia
1 MGA = 105.991488648739 UAH
Example: convert 15 MGA to UAH:
15 MGA = 15 × 105.991488648739 UAH = 1589.87232973109 UAH
Malagasy Ariary to Ukrainian Hryvnia 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.
Ukrainian Hryvnia
The Ukrainian Hryvnia (UAH) is the official currency of Ukraine, used for all monetary transactions within the country.
History/Origin
The Hryvnia was first introduced in Ukraine in 1918 during the brief independence period, replaced by the Soviet ruble. It was reintroduced in 1996 after Ukraine gained independence from the Soviet Union, replacing the karbovanets as the national currency.
Current Use
Today, the Hryvnia is the sole legal tender in Ukraine, widely used in everyday transactions, banking, and financial markets. It is managed by the National Bank of Ukraine and features modern banknotes and coins.