Convert Malagasy Ariary to Uruguayan Peso
Please provide values below to convert Malagasy Ariary [MGA] to Uruguayan Peso [UYU], or Convert Uruguayan Peso to Malagasy Ariary.
How to Convert Malagasy Ariary to Uruguayan Peso
1 MGA = 109.882937674783 UYU
Example: convert 15 MGA to UYU:
15 MGA = 15 × 109.882937674783 UYU = 1648.24406512175 UYU
Malagasy Ariary to Uruguayan Peso Conversion Table
| Malagasy Ariary | Uruguayan Peso |
|---|
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.
Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.