Convert Malagasy Ariary to Cambodian Riel
Please provide values below to convert Malagasy Ariary [MGA] to Cambodian Riel [KHR], or Convert Cambodian Riel to Malagasy Ariary.
How to Convert Malagasy Ariary to Cambodian Riel
1 MGA = 1.10292270801341 KHR
Example: convert 15 MGA to KHR:
15 MGA = 15 × 1.10292270801341 KHR = 16.5438406202011 KHR
Malagasy Ariary to Cambodian Riel Conversion Table
| Malagasy Ariary | Cambodian Riel |
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Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.
Cambodian Riel
The Cambodian Riel (KHR) is the official currency of Cambodia, used for everyday transactions and priced in the local economy.
History/Origin
The Riel was introduced in 1953, replacing the French Indochinese piastre, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Riel is primarily used domestically for most transactions, alongside the US dollar, which is also widely accepted in Cambodia.