Convert Malagasy Ariary to Philippine Peso
Please provide values below to convert Malagasy Ariary [MGA] to Philippine Peso [PHP], or Convert Philippine Peso to Malagasy Ariary.
How to Convert Malagasy Ariary to Philippine Peso
1 MGA = 77.7676946663552 PHP
Example: convert 15 MGA to PHP:
15 MGA = 15 × 77.7676946663552 PHP = 1166.51541999533 PHP
Malagasy Ariary to Philippine Peso Conversion Table
| Malagasy Ariary | Philippine Peso |
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.