Convert Norwegian Krone to Malagasy Ariary
Please provide values below to convert Norwegian Krone [NOK] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Norwegian Krone.
How to Convert Norwegian Krone to Malagasy Ariary
1 NOK = 0.00228346437844799 MGA
Example: convert 15 NOK to MGA:
15 NOK = 15 × 0.00228346437844799 MGA = 0.0342519656767198 MGA
Norwegian Krone to Malagasy Ariary Conversion Table
| Norwegian Krone | Malagasy Ariary |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.