Convert Malagasy Ariary to Colombian Peso
Please provide values below to convert Malagasy Ariary [MGA] to Colombian Peso [COP], or Convert Colombian Peso to Malagasy Ariary.
How to Convert Malagasy Ariary to Colombian Peso
1 MGA = 1.09843829903512 COP
Example: convert 15 MGA to COP:
15 MGA = 15 × 1.09843829903512 COP = 16.4765744855268 COP
Malagasy Ariary to Colombian Peso Conversion Table
| Malagasy Ariary | Colombian Peso |
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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.
Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, used for all monetary transactions within the country.
History/Origin
The Colombian Peso was introduced in 1810, replacing the real, and has undergone various reforms and redenominations over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the COP is widely used in Colombia for everyday transactions, banking, and international trade, with coins and banknotes issued by the Banco de la República.