Convert United Arab Emirates Dirham to Malagasy Ariary
Please provide values below to convert United Arab Emirates Dirham [AED] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to United Arab Emirates Dirham.
How to Convert United Arab Emirates Dirham to Malagasy Ariary
1 AED = 0.000829330379343958 MGA
Example: convert 15 AED to MGA:
15 AED = 15 × 0.000829330379343958 MGA = 0.0124399556901594 MGA
United Arab Emirates Dirham to Malagasy Ariary Conversion Table
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United Arab Emirates Dirham
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates, used for all monetary transactions within the country.
History/Origin
The AED was introduced in 1973, replacing the Qatar and Dubai riyal at par, to unify the various currencies used in the emirates and establish a national monetary system.
Current Use
The AED is widely used across the UAE for everyday transactions, banking, and international trade, and is recognized as a stable and reliable currency in the region.
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.