Convert New Taiwan Dollar to Malagasy Ariary
Please provide values below to convert New Taiwan Dollar [TWD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Malagasy Ariary
1 TWD = 0.00663125570849158 MGA
Example: convert 15 TWD to MGA:
15 TWD = 15 × 0.00663125570849158 MGA = 0.0994688356273737 MGA
New Taiwan Dollar to Malagasy Ariary Conversion Table
| New Taiwan Dollar | Malagasy Ariary |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.