Convert Salvadoran Colón to Malagasy Ariary
Please provide values below to convert Salvadoran Colón [SVC] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Salvadoran Colón.
How to Convert Salvadoran Colón to Malagasy Ariary
1 SVC = 0.00197353644584657 MGA
Example: convert 15 SVC to MGA:
15 SVC = 15 × 0.00197353644584657 MGA = 0.0296030466876985 MGA
Salvadoran Colón to Malagasy Ariary Conversion Table
| Salvadoran Colón | Malagasy Ariary |
|---|
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.
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.