Convert Rwandan Franc to Malagasy Ariary
Please provide values below to convert Rwandan Franc [RWF] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Rwandan Franc.
How to Convert Rwandan Franc to Malagasy Ariary
1 RWF = 0.326848033749693 MGA
Example: convert 15 RWF to MGA:
15 RWF = 15 × 0.326848033749693 MGA = 4.90272050624539 MGA
Rwandan Franc to Malagasy Ariary Conversion Table
| Rwandan Franc | Malagasy Ariary |
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Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.
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.