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 041.62633724872 MGA
2 MYR2 083.25267449743 MGA
3 MYR3 124.87901174615 MGA
4 MYR4 166.50534899486 MGA
5 MYR5 208.13168624358 MGA
6 MYR6 249.75802349229 MGA
7 MYR7 291.38436074101 MGA
8 MYR8 333.01069798972 MGA
9 MYR9 374.63703523844 MGA
10 MYR10 416.26337248715 MGA
100 MYR104 162.63372487154 MGA
200 MYR208 325.26744974308 MGA
300 MYR312 487.90117461462 MGA
400 MYR416 650.53489948616 MGA
500 MYR520 813.1686243577 MGA
600 MYR624 975.80234922924 MGA
700 MYR729 138.43607410079 MGA
800 MYR833 301.06979897233 MGA
900 MYR937 463.70352384387 MGA
1 000 MYR1 041 626.33724871541 MGA
2 000 MYR2 083 252.67449743082 MGA
5 000 MYR5 208 131.68624357704 MGA
10 000 MYR10 416 263.37248715408 MGA
20 000 MYR20 832 526.74497430816 MGA
50 000 MYR52 081 316.8624357704 MGA
100 000 MYR104 162 633.7248715408 MGA
Last updated April 3, 2025 at 11:55 PM