Convert Malagasy Ariary to Icelandic Króna
Please provide values below to convert Malagasy Ariary [MGA] to Icelandic Króna [ISK], or Convert Icelandic Króna to Malagasy Ariary.
How to Convert Malagasy Ariary to Icelandic Króna
1 MGA = 36.3833442197327 ISK
Example: convert 15 MGA to ISK:
15 MGA = 15 × 36.3833442197327 ISK = 545.750163295991 ISK
Malagasy Ariary to Icelandic Króna Conversion Table
| Malagasy Ariary | Icelandic Króna |
|---|
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.
Icelandic Króna
The Icelandic Króna (ISK) is the official currency of Iceland, used as the country's primary medium of exchange.
History/Origin
The Króna was introduced in 1981, replacing the Icelandic Krona at par, and has undergone various redenominations and reforms since its inception.
Current Use
The ISK is actively used in Iceland for all financial transactions, including cash, banking, and electronic payments, and is managed by the Central Bank of Iceland.