Convert Malagasy Ariary to Swiss Franc
Please provide values below to convert Malagasy Ariary [MGA] to Swiss Franc [CHF], or Convert Swiss Franc to Malagasy Ariary.
How to Convert Malagasy Ariary to Swiss Franc
1 MGA = 5570.85344068436 CHF
Example: convert 15 MGA to CHF:
15 MGA = 15 × 5570.85344068436 CHF = 83562.8016102654 CHF
Malagasy Ariary to Swiss Franc 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.
Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.