Convert Turkish Lira to Malagasy Ariary
Please provide values below to convert Turkish Lira [TRY] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Turkish Lira.
How to Convert Turkish Lira to Malagasy Ariary
1 TRY = 0.00913238967241258 MGA
Example: convert 15 TRY to MGA:
15 TRY = 15 × 0.00913238967241258 MGA = 0.136985845086189 MGA
Turkish Lira to Malagasy Ariary Conversion Table
| Turkish Lira | Malagasy Ariary |
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Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.
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.