Convert Malagasy Ariary to Saudi Riyal
Please provide values below to convert Malagasy Ariary [MGA] to Saudi Riyal [SAR], or Convert Saudi Riyal to Malagasy Ariary.
How to Convert Malagasy Ariary to Saudi Riyal
1 MGA = 1180.87237333333 SAR
Example: convert 15 MGA to SAR:
15 MGA = 15 × 1180.87237333333 SAR = 17713.0856 SAR
Malagasy Ariary to Saudi Riyal Conversion Table
| Malagasy Ariary | Saudi Riyal |
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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.
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.