Convert Malagasy Ariary to New Zealand Dollar
Please provide values below to convert Malagasy Ariary [MGA] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Malagasy Ariary.
How to Convert Malagasy Ariary to New Zealand Dollar
1 MGA = 2653.24829239065 NZD
Example: convert 15 MGA to NZD:
15 MGA = 15 × 2653.24829239065 NZD = 39798.7243858598 NZD
Malagasy Ariary to New Zealand Dollar Conversion Table
| Malagasy Ariary | New Zealand Dollar |
|---|
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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.