SEK to MGA Exchange Rate - Convert Swedish Krona to Malagasy ariary

Converting Swedish Krona (SEK) to Malagasy Ariary (MGA)

What is Swedish Krona (SEK)

The Swedish Krona, often abbreviated as SEK, is the official currency of Sweden. It was introduced in 1873, replacing the Riksdaler at a rate of 1 Krona equaling 1 Riksdaler. The term "krona" means "crown" in Swedish, while "öre" is the subdivision of the Krona. Each Krona consists of 100 öre; however, coins for öre have largely disappeared in everyday transactions.

The currency is known for its stability and is widely used in international trade. In Sweden, the currency symbol is written as "kr." The Swedish Krona is managed by the Riksbank, which is Sweden's central bank. The bank is responsible for issuing currency and maintaining price stability, affecting not only domestic but also international financial conditions.

Being part of the European Union since 1995, Sweden chose not to adopt the Euro, opting instead to keep its currency. As a result, the Krona remains a significant currency in global finance, offering a reliable means of exchange for both individuals and businesses engaging in transactions involving Sweden.

What is Malagasy Ariary (MGA)

The Malagasy Ariary, abbreviated as MGA, serves as the official currency of Madagascar. It replaced the Malagasy franc in 2005 at an exchange rate of 1 Ariary equaling 5 francs. The Ariary is unique as it is one of the few currencies in Africa that is not subdivided into smaller units, which means its lowest denomination is the single Ariary coin.

The term "Ariary" is derived from an ancient Malagasy word which signifies value. The currency is issued by the Central Bank of Madagascar, which is responsible for overseeing the money supply and managing inflation in the country. The Ariary is crucial for daily transactions in Madagascar and is a primary means of exchange among the local population.

One notable feature of the Ariary is its coins, which come in various denominations including 1, 2, 5, 10, and 50 Ariary coins, as well as banknotes that come in denominations ranging from 1,000 to 20,000 Ariary. The currency's design often features notable figures from Malagasy history, highlighting cultural significance.

Converting SEK to MGA

When converting from SEK to MGA, understanding the current exchange rate is vital. Exchange rates fluctuate based on market conditions, and various financial institutions may offer different rates. To convert an amount from Swedish Krona to Malagasy Ariary, the formula can be expressed as:

Amount in MGA = Amount in SEK × Exchange Rate (SEK to MGA)

For example, if you wish to convert 100 SEK at an exchange rate of 1 SEK = 400 MGA, the calculation would be:

Amount in MGA = 100 SEK × 400 MGA/SEK = 40,000 MGA

Thus, it becomes essential for anyone looking to convert currencies to stay updated on the most current rates to ensure accurate transactions.

Swedish Krona to Malagasy ariary conversion table

SEK to MGA conversion table

Swedish Krona (SEK)Malagasy ariary (MGA)
1 SEK466.50627625898 MGA
2 SEK933.01255251796 MGA
3 SEK1 399.51882877694 MGA
4 SEK1 866.02510503592 MGA
5 SEK2 332.5313812949 MGA
6 SEK2 799.03765755388 MGA
7 SEK3 265.54393381286 MGA
8 SEK3 732.05021007184 MGA
9 SEK4 198.55648633082 MGA
10 SEK4 665.0627625898 MGA
100 SEK46 650.62762589804 MGA
200 SEK93 301.25525179609 MGA
300 SEK139 951.88287769413 MGA
400 SEK186 602.51050359217 MGA
500 SEK233 253.13812949021 MGA
600 SEK279 903.76575538826 MGA
700 SEK326 554.3933812863 MGA
800 SEK373 205.02100718434 MGA
900 SEK419 855.64863308239 MGA
1 000 SEK466 506.27625898043 MGA
2 000 SEK933 012.55251796086 MGA
5 000 SEK2 332 531.38129490215 MGA
10 000 SEK4 665 062.7625898043 MGA
20 000 SEK9 330 125.5251796086 MGA
50 000 SEK23 325 313.81294902149 MGA
100 000 SEK46 650 627.62589804298 MGA
Last updated June 10, 2025 at 11:55 PM