Convert Hong Kong Dollar to Malagasy Ariary
Please provide values below to convert Hong Kong Dollar [HKD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Malagasy Ariary
1 HKD = 0.00177265557842728 MGA
Example: convert 15 HKD to MGA:
15 HKD = 15 × 0.00177265557842728 MGA = 0.0265898336764093 MGA
Hong Kong Dollar to Malagasy Ariary Conversion Table
| Hong Kong Dollar | Malagasy Ariary |
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Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
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.