Convert Malagasy Ariary to South Korean Won
Please provide values below to convert Malagasy Ariary [MGA] to South Korean Won [KRW], or Convert South Korean Won to Malagasy Ariary.
How to Convert Malagasy Ariary to South Korean Won
1 MGA = 3.20292466673687 KRW
Example: convert 15 MGA to KRW:
15 MGA = 15 × 3.20292466673687 KRW = 48.0438700010531 KRW
Malagasy Ariary to South Korean Won 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.
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.