Convert Cambodian Riel to Malagasy Ariary
Please provide values below to convert Cambodian Riel [KHR] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Cambodian Riel.
How to Convert Cambodian Riel to Malagasy Ariary
1 KHR = 0.906681848813512 MGA
Example: convert 15 KHR to MGA:
15 KHR = 15 × 0.906681848813512 MGA = 13.6002277322027 MGA
Cambodian Riel to Malagasy Ariary Conversion Table
| Cambodian Riel | Malagasy Ariary |
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Cambodian Riel
The Cambodian Riel (KHR) is the official currency of Cambodia, used for everyday transactions and priced in the local economy.
History/Origin
The Riel was introduced in 1953, replacing the French Indochinese piastre, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Riel is primarily used domestically for most transactions, alongside the US dollar, which is also widely accepted in Cambodia.
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.