NZD to MGA Exchange Rate - Convert New Zealand Dollar to Malagasy ariary

Converting from New Zealand Dollar (NZD) to Malagasy Ariary (MGA)

What is New Zealand Dollar (NZD)

The New Zealand Dollar (NZD) is the official currency of New Zealand, as well as several of its territories, including the Cook Islands, Niue, and Tokelau. Introduced in 1967, the NZD replaced the New Zealand pound at a rate of 1 NZD to 2.5 NZ pounds. It is abbreviated as NZD, with the dollar symbol being $. The currency is divided into 100 cents.

The NZD is known for its stability and is one of the most traded currencies in the Asia-Pacific region. Using a variety of denominations, it includes coins of 10, 20, and 50 cents, as well as $1 and $2 coins. Banknotes come in $5, $10, $20, $50, and $100 denominations. The design of the notes highlights notable figures from New Zealand’s history, as well as its unique flora and fauna.

Furthermore, the New Zealand economy is closely tied to global commodity prices, especially in sectors like agriculture and tourism. This makes the NZD sensitive to economic fluctuations and thus an attractive option for those seeking to invest or trade in foreign currencies.

What is Malagasy Ariary (MGA)

The Malagasy Ariary (MGA) is the official currency of Madagascar, an island nation located off the southeast coast of Africa. The Ariary replaced the Malagasy franc in 2005, with one Ariary equal to 5 francs. Its symbol is typically represented as MGA. This currency is unique in that it is one of the few currencies in Africa that uses a non-decimal system, wherein the Ariary is divided into 5 iraimbilanja.

The MGA can be found in various denominations, featuring coins of 1, 5, 10, 20, 50, and 100 ariary. The banknotes, on the other hand, come in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000 ariary. Each note is beautifully illustrated, showcasing the rich culture and natural beauty of Madagascar.

Madagascar's economy is primarily based on agriculture, and it has been working to diversify into mining and tourism in recent years. This dependence on agriculture makes the MGA vulnerable to fluctuations in food prices and climate conditions. Investors and travelers should exercise caution when dealing with this currency, especially given Madagascar's political and economic challenges.

Currency Conversion

When converting New Zealand Dollars (NZD) to Malagasy Ariary (MGA), it’s crucial to check current exchange rates. The rate fluctuates based on market conditions and economic indicators. As of recent data, 1 NZD is approximately equal to XX MGA (check original data for accuracy).

For everyday transactions, being aware of the conversion rate can assist travelers and investors in making informed financial decisions. Always consider using reliable sources or currency exchange services for the best rates.

New Zealand Dollar to Malagasy ariary conversion table

NZD to MGA conversion table

New Zealand Dollar (NZD)Malagasy ariary (MGA)
1 NZD2 695.69309362237 MGA
2 NZD5 391.38618724474 MGA
3 NZD8 087.0792808671 MGA
4 NZD10 782.77237448947 MGA
5 NZD13 478.46546811184 MGA
6 NZD16 174.15856173421 MGA
7 NZD18 869.85165535658 MGA
8 NZD21 565.54474897895 MGA
9 NZD24 261.23784260131 MGA
10 NZD26 956.93093622368 MGA
100 NZD269 569.30936223682 MGA
200 NZD539 138.61872447364 MGA
300 NZD808 707.92808671047 MGA
400 NZD1 078 277.23744894729 MGA
500 NZD1 347 846.54681118411 MGA
600 NZD1 617 415.85617342093 MGA
700 NZD1 886 985.16553565776 MGA
800 NZD2 156 554.47489789458 MGA
900 NZD2 426 123.7842601314 MGA
1 000 NZD2 695 693.09362236822 MGA
2 000 NZD5 391 386.18724473645 MGA
5 000 NZD13 478 465.46811184112 MGA
10 000 NZD26 956 930.93622368225 MGA
20 000 NZD53 913 861.8724473645 MGA
50 000 NZD134 784 654.68111841125 MGA
100 000 NZD269 569 309.3622368225 MGA
Last updated March 17, 2025 at 09:55 PM