Convert Malagasy Ariary to Bulgarian Lev
Please provide values below to convert Malagasy Ariary [MGA] to Bulgarian Lev [BGN], or Convert Bulgarian Lev to Malagasy Ariary.
How to Convert Malagasy Ariary to Bulgarian Lev
1 MGA = 2655.4757735668 BGN
Example: convert 15 MGA to BGN:
15 MGA = 15 × 2655.4757735668 BGN = 39832.136603502 BGN
Malagasy Ariary to Bulgarian Lev Conversion Table
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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.
Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.