USD to MGA Exchange Rate - Convert US Dollar to Malagasy ariary

Converting from US Dollar (USD) to Malagasy Ariary (MGA)

What is US Dollar (USD)

The US Dollar (USD) is the official currency of the United States and is one of the most widely used currencies in the world. It is represented by the symbol “$” and divided into 100 smaller units called cents. The dollar is not only the currency for the USA but also serves as the world's primary reserve currency. Many countries use the US dollar in international trade, and it is commonly accepted in many economies around the globe.

The USD was first introduced in 1792 with the Coinage Act. Over the years, it has undergone various changes in design and values, but its significance in global finance has remained stable. When people refer to "dollars," they are typically referencing US dollars, given its prominence. Exchange rates of the USD fluctuate based on economic indicators, inflation rates, and political stability among other factors, playing a crucial role in international financial markets.

What is Malagasy Ariary (MGA)

The Malagasy ariary (MGA) is the official currency of Madagascar, an island nation located off the southeastern coast of Africa. The ariary was introduced in 2005 as a replacement for the previous currency, the Malagasy franc (MGF), to help simplify transactions and modernize the economy. The symbol for the ariary is usually written as “Ar.” It is subdivided into smaller units called “iraimbilanja,” although these smaller bills are rarely used.

Madagascar’s economy is largely based on agriculture, with vanilla, coffee, and spices being significant export products. The value of the ariary can vary considerably, influenced by factors such as inflation, government policies, and economic conditions at both local and global levels. To understand the value of the Malagasy ariary in relation to other currencies, such as the US Dollar, one must look at the current exchange rates, which can fluctuate on a daily basis due to market dynamics.

When converting assets from USD to MGA, it is essential to be aware of the prevailing exchange rates. For example, if the exchange rate stands at $1 = 4,200 Ar, then

1 USD = 4,200 MGA

. This means that to convert dollars into ariary, you would multiply the amount in USD by the exchange rate.

Understanding the nuances of currency conversion can enhance your financial decisions, especially if you're traveling, investing, or engaging in trade with Madagascar. As always, keeping an eye on current rates and performing thorough research is crucial for effective currency exchange.

US Dollar to Malagasy ariary conversion table

USD to MGA conversion table

US Dollar (USD)Malagasy ariary (MGA)
1 USD4 663.702677747 MGA
2 USD9 327.405355494 MGA
3 USD13 991.108033241 MGA
4 USD18 654.810710988 MGA
5 USD23 318.513388735 MGA
6 USD27 982.216066482 MGA
7 USD32 645.918744229 MGA
8 USD37 309.621421976 MGA
9 USD41 973.324099723 MGA
10 USD46 637.02677747 MGA
100 USD466 370.2677747 MGA
200 USD932 740.5355494 MGA
300 USD1 399 110.8033241 MGA
400 USD1 865 481.0710988 MGA
500 USD2 331 851.3388735 MGA
600 USD2 798 221.6066482 MGA
700 USD3 264 591.8744229 MGA
800 USD3 730 962.1421976 MGA
900 USD4 197 332.4099723 MGA
1 000 USD4 663 702.677747 MGA
2 000 USD9 327 405.355494 MGA
5 000 USD23 318 513.388735 MGA
10 000 USD46 637 026.77747 MGA
20 000 USD93 274 053.55494 MGA
50 000 USD233 185 133.88735 MGA
100 000 USD466 370 267.7747 MGA
Last updated March 14, 2025 at 05:55 AM