Converting from Cambodia Riel (KHR) to Malagasy Ariary (MGA)

What is Cambodia Riel (KHR)

Cambodia Riel (KHR) is the official currency of Cambodia. Introduced in 1980, the Riel was created to replace the Khmer Rouge currency that was in circulation during the regime. Although the Riel is the official currency, the US dollar is widely used in transactions, especially in urban areas and for larger purchases.

The symbol for the Riel is ៚, and its ISO code is KHR. Historically, the Riel has gone through various inflation phases, which has affected its value against major foreign currencies. The Riel is subdivided into 100 sen, although the sen is rarely used in everyday transactions. Today, the Riel is primarily used for smaller transactions, while the dollar remains the preferred choice for big purchases, making it an integral part of Cambodia's economy.

To convert KHR to other currencies, including the Malagasy ariary, one must be aware of the current exchange rates, as they can fluctuate regularly due to market conditions. When planning a conversion, it's advisable to check reliable financial news platforms or banking institutions.

What is Malagasy Ariary (MGA)

The Malagasy Ariary (MGA) is the official currency of Madagascar, a large island nation off the southeastern coast of Africa. The Ariary was introduced in 2005 to replace the Malagasy franc (MGF) at a rate of 1 ariary to 5 Malagasy francs. The currency symbolizes Madagascar's efforts to stabilize and modernize its economy.

The symbol for the Ariary is Ar, and its ISO code is MGA. The Ariary is uniquely divided into 5 iraimbilanja, with each iraimbilanja further divisible into 10 sy. However, the use of iraimbilanja is largely theoretical, as most transactions in Madagascar are conducted using the Ariary in its full form.

As Madagascar operates a mixed economy, the value of the Ariary can be influenced by various factors, such as commodity prices and foreign investments. It’s important for businesses and travelers to monitor the exchange rates of the Ariary against other currencies, like the Riel, to understand their purchasing power in Madagascar.

Currency Conversion from KHR to MGA

When converting Cambodia Riel (KHR) to Malagasy Ariary (MGA), one should refer to the latest exchange rates. For instance, if the exchange rate is ＄1 KHR = 0.00083 MGA, then to convert 10,000 KHR, you would calculate:

10,000 KHR × 0.00083 MGA/KHR = 8.3 MGA

It is crucial to remember that exchange rates fluctuate due to economic conditions. Always check with financial services when planning currency exchanges to ensure you receive the best possible rates.