Convert Mexican Peso to Malagasy Ariary
Please provide values below to convert Mexican Peso [MXN] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Mexican Peso.
How to Convert Mexican Peso to Malagasy Ariary
1 MXN = 0.00421026588388417 MGA
Example: convert 15 MXN to MGA:
15 MXN = 15 × 0.00421026588388417 MGA = 0.0631539882582626 MGA
Mexican Peso to Malagasy Ariary Conversion Table
| Mexican Peso | Malagasy Ariary |
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Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.
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.