Convert Malagasy Ariary to Ugandan Shilling
Please provide values below to convert Malagasy Ariary [MGA] to Ugandan Shilling [UGX], or Convert Ugandan Shilling to Malagasy Ariary.
How to Convert Malagasy Ariary to Ugandan Shilling
1 MGA = 1.24171000468108 UGX
Example: convert 15 MGA to UGX:
15 MGA = 15 × 1.24171000468108 UGX = 18.6256500702162 UGX
Malagasy Ariary to Ugandan Shilling Conversion Table
| Malagasy Ariary | Ugandan Shilling |
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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.
Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.