Convert Malagasy Ariary to Brazilian Real
Please provide values below to convert Malagasy Ariary [MGA] to Brazilian Real [BRL], or Convert Brazilian Real to Malagasy Ariary.
How to Convert Malagasy Ariary to Brazilian Real
1 MGA = 795.450224537453 BRL
Example: convert 15 MGA to BRL:
15 MGA = 15 × 795.450224537453 BRL = 11931.7533680618 BRL
Malagasy Ariary to Brazilian Real 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.
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.