Convert Uruguayan Peso to Malagasy Ariary
Please provide values below to convert Uruguayan Peso [UYU] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Uruguayan Peso.
How to Convert Uruguayan Peso to Malagasy Ariary
1 UYU = 0.00910059396991792 MGA
Example: convert 15 UYU to MGA:
15 UYU = 15 × 0.00910059396991792 MGA = 0.136508909548769 MGA
Uruguayan Peso to Malagasy Ariary Conversion Table
| Uruguayan Peso | Malagasy Ariary |
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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.
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.