MYR to MGA Exchange Rate - Convert Malaysian Ringgit to Malagasy ariary

Converting from Malaysian Ringgit (MYR) to Malagasy Ariary (MGA)

What is Malaysian Ringgit (MYR)

The Malaysian Ringgit (MYR) is the official currency of Malaysia. The currency symbol is usually denoted as "RM," which stands for "Ringgit Malaysia." The word "ringgit" translates to "jagged" in Malay, originally referring to the serrated edges of Spanish silver dollars that were used in the region. The Bank Negara Malaysia issues the Ringgit, and it is subdivided into 100 sen.

The MYR is widely accepted within Malaysia and is used in everyday transactions, whether in retail shops, restaurants, or markets. The currency itself is available in both coins and banknotes. The coins come in several denominations, including 5, 10, 20, and 50 sen, as well as 1 Ringgit. On the banknote side, you will find denominations of 1, 5, 10, 20, 50, and 100 Ringgit.

In terms of international currency exchange, the MYR is not among the most widely traded currencies, but it plays a significant role in Southeast Asia. Exchange rates can fluctuate based on various economic indicators, including economic growth, trade balances, and geopolitical stability.

What is Malagasy Ariary (MGA)

The Malagasy Ariary (MGA) is the currency of Madagascar, an island nation located off the southeastern coast of Africa. The ariary was introduced in 2005, replacing the former currency, the Malagasy franc, at a rate of 1 ariary for 5 francs. The Banky Foiben'i Madagasikara, or the Central Bank of Madagascar, is responsible for issuing the currency.

Unlike many other currencies, the ariary is notable for its unique subdivision. The ariary is divided into 5 iriy, although the iry is not commonly used in daily transactions. The most frequently used denominations of the ariary are in banknotes, which include values such as 1,000, 2,000, 5,000, and higher amounts. There are also coins available in lower denominations, but these are less common in circulation.

The value of the MGA can fluctuate and is influenced by various factors, such as economic conditions in Madagascar, trade relationships, and foreign investment. As a currency, the MGA is less known internationally compared to others, which can complicate direct exchanges for travelers or businesses dealing with Madagascar.

Converting MYR to MGA

When converting MYR to MGA, it is essential to check the current exchange rates. The rates can vary significantly from one financial institution to another, and they may fluctuate based on market conditions. You might find that online currency converters or banks provide different rates. If you are planning to exchange money, it is a good idea to compare rates to ensure you get the best deal.

In summary, both the Malaysian Ringgit and Malagasy Ariary serve as the respective currencies of Malaysia and Madagascar, each reflecting the economic conditions of their countries. Understanding the traits and values of these currencies can help facilitate smoother transactions when converting between them.

Malaysian Ringgit to Malagasy ariary conversion table

MYR to MGA conversion table

Malaysian Ringgit (MYR)Malagasy ariary (MGA)
1 MYR1 026.0423925441 MGA
2 MYR2 052.0847850882 MGA
3 MYR3 078.1271776323 MGA
4 MYR4 104.1695701764 MGA
5 MYR5 130.2119627205 MGA
6 MYR6 156.2543552646 MGA
7 MYR7 182.2967478087 MGA
8 MYR8 208.3391403528 MGA
9 MYR9 234.38153289689 MGA
10 MYR10 260.42392544099 MGA
100 MYR102 604.23925440994 MGA
200 MYR205 208.47850881988 MGA
300 MYR307 812.71776322982 MGA
400 MYR410 416.95701763976 MGA
500 MYR513 021.1962720497 MGA
600 MYR615 625.43552645964 MGA
700 MYR718 229.67478086958 MGA
800 MYR820 833.91403527952 MGA
900 MYR923 438.15328968947 MGA
1 000 MYR1 026 042.39254409941 MGA
2 000 MYR2 052 084.78508819881 MGA
5 000 MYR5 130 211.96272049703 MGA
10 000 MYR10 260 423.92544099406 MGA
20 000 MYR20 520 847.85088198812 MGA
50 000 MYR51 302 119.62720497031 MGA
100 000 MYR102 604 239.25440994062 MGA
Last updated April 25, 2025 at 11:55 PM