Convert Djiboutian Franc to Malagasy Ariary
Please provide values below to convert Djiboutian Franc [DJF] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Djiboutian Franc.
How to Convert Djiboutian Franc to Malagasy Ariary
1 DJF = 0.0401332673512287 MGA
Example: convert 15 DJF to MGA:
15 DJF = 15 × 0.0401332673512287 MGA = 0.601999010268431 MGA
Djiboutian Franc to Malagasy Ariary Conversion Table
| Djiboutian Franc | Malagasy Ariary |
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Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.
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.