Convert Malagasy Ariary to New Taiwan Dollar
Please provide values below to convert Malagasy Ariary [MGA] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Malagasy Ariary.
How to Convert Malagasy Ariary to New Taiwan Dollar
1 MGA = 150.801001191895 TWD
Example: convert 15 MGA to TWD:
15 MGA = 15 × 150.801001191895 TWD = 2262.01501787843 TWD
Malagasy Ariary to New Taiwan Dollar 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.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.