Convert Malagasy Ariary to Bahamian Dollar
Please provide values below to convert Malagasy Ariary [MGA] to Bahamian Dollar [BSD], or Convert Bahamian Dollar to Malagasy Ariary.
How to Convert Malagasy Ariary to Bahamian Dollar
1 MGA = 4428.2714 BSD
Example: convert 15 MGA to BSD:
15 MGA = 15 × 4428.2714 BSD = 66424.071 BSD
Malagasy Ariary to Bahamian Dollar Conversion Table
| Malagasy Ariary | Bahamian Dollar |
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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.
Bahamian Dollar
The Bahamian Dollar (BSD) is the official currency of The Bahamas, subdivided into 100 cents, used for all monetary transactions within the country.
History/Origin
Introduced in 1966, replacing the Bahamian pound, the Bahamian Dollar was initially pegged to the US dollar at par and has maintained a stable exchange rate since its inception.
Current Use
The Bahamian Dollar is widely used across The Bahamas for everyday transactions, banking, and trade, and is also accepted in some neighboring regions and for tourism-related activities.