Convert Sri Lankan Rupee to Malagasy Ariary
Please provide values below to convert Sri Lankan Rupee [LKR] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Sri Lankan Rupee.
How to Convert Sri Lankan Rupee to Malagasy Ariary
1 LKR = 0.0680937938898686 MGA
Example: convert 15 LKR to MGA:
15 LKR = 15 × 0.0680937938898686 MGA = 1.02140690834803 MGA
Sri Lankan Rupee to Malagasy Ariary Conversion Table
| Sri Lankan Rupee | Malagasy Ariary |
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Sri Lankan Rupee
The Sri Lankan Rupee (LKR) is the official currency of Sri Lanka, used for all monetary transactions within the country.
History/Origin
The Sri Lankan Rupee was introduced in 1872 during British colonial rule, replacing the Indian Rupee. It has undergone various changes and decimalization over the years, with the current form established in 1978.
Current Use
Today, the LKR is the legal tender in Sri Lanka, used in everyday transactions, banking, and trade. It is managed by the Central Bank of Sri Lanka 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.