Convert Malagasy Ariary to Qatari Rial
Please provide values below to convert Malagasy Ariary [MGA] to Qatari Rial [QAR], or Convert Qatari Rial to Malagasy Ariary.
How to Convert Malagasy Ariary to Qatari Rial
1 MGA = 1216.55807692308 QAR
Example: convert 15 MGA to QAR:
15 MGA = 15 × 1216.55807692308 QAR = 18248.3711538462 QAR
Malagasy Ariary to Qatari Rial Conversion Table
| Malagasy Ariary | Qatari Rial |
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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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.