Convert Saint Helena Pound to Malagasy Ariary
Please provide values below to convert Saint Helena Pound [SHP] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Saint Helena Pound.
How to Convert Saint Helena Pound to Malagasy Ariary
1 SHP = 0.000167175842022691 MGA
Example: convert 15 SHP to MGA:
15 SHP = 15 × 0.000167175842022691 MGA = 0.00250763763034036 MGA
Saint Helena Pound to Malagasy Ariary Conversion Table
| Saint Helena Pound | Malagasy Ariary |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.