Convert Malagasy Ariary to Mexican Peso
Please provide values below to convert Malagasy Ariary [MGA] to Mexican Peso [MXN], or Convert Mexican Peso to Malagasy Ariary.
How to Convert Malagasy Ariary to Mexican Peso
1 MGA = 237.514690895828 MXN
Example: convert 15 MGA to MXN:
15 MGA = 15 × 237.514690895828 MXN = 3562.72036343742 MXN
Malagasy Ariary to Mexican Peso 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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.