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 042.35444715486 MGA
2 MYR2 084.70889430971 MGA
3 MYR3 127.06334146457 MGA
4 MYR4 169.41778861942 MGA
5 MYR5 211.77223577428 MGA
6 MYR6 254.12668292913 MGA
7 MYR7 296.48113008399 MGA
8 MYR8 338.83557723884 MGA
9 MYR9 381.1900243937 MGA
10 MYR10 423.54447154856 MGA
100 MYR104 235.44471548556 MGA
200 MYR208 470.88943097111 MGA
300 MYR312 706.33414645667 MGA
400 MYR416 941.77886194223 MGA
500 MYR521 177.22357742779 MGA
600 MYR625 412.66829291334 MGA
700 MYR729 648.1130083989 MGA
800 MYR833 883.55772388446 MGA
900 MYR938 119.00243937001 MGA
1 000 MYR1 042 354.44715485557 MGA
2 000 MYR2 084 708.89430971114 MGA
5 000 MYR5 211 772.23577427786 MGA
10 000 MYR10 423 544.47154855572 MGA
20 000 MYR20 847 088.94309711144 MGA
50 000 MYR52 117 722.3577427786 MGA
100 000 MYR104 235 444.71548555721 MGA
Last updated April 2, 2025 at 06:55 AM