Convert Saudi Riyal to Malagasy Ariary
Please provide values below to convert Saudi Riyal [SAR] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Saudi Riyal.
How to Convert Saudi Riyal to Malagasy Ariary
1 SAR = 0.00084683156502106 MGA
Example: convert 15 SAR to MGA:
15 SAR = 15 × 0.00084683156502106 MGA = 0.0127024734753159 MGA
Saudi Riyal to Malagasy Ariary Conversion Table
| Saudi Riyal | Malagasy Ariary |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.