Convert Guatemalan Quetzal to Malagasy Ariary
Please provide values below to convert Guatemalan Quetzal [GTQ] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Guatemalan Quetzal.
How to Convert Guatemalan Quetzal to Malagasy Ariary
1 GTQ = 0.00173311418988457 MGA
Example: convert 15 GTQ to MGA:
15 GTQ = 15 × 0.00173311418988457 MGA = 0.0259967128482685 MGA
Guatemalan Quetzal to Malagasy Ariary Conversion Table
| Guatemalan Quetzal | Malagasy Ariary |
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Guatemalan Quetzal
The Guatemalan Quetzal (GTQ) is the official currency of Guatemala, used for all monetary transactions within the country.
History/Origin
The Quetzal was introduced as the official currency of Guatemala in 1925, replacing the Guatemalan peso. It was named after the quetzal bird, a symbol of liberty in Guatemala, and was initially pegged to the US dollar. The currency has undergone various reforms and decimalization since its inception.
Current Use
Today, the GTQ is widely used throughout Guatemala for everyday transactions, banking, and trade. It is managed by the Bank of Guatemala and remains the country's legal tender.
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.