Convert Malagasy Ariary to Kuwaiti Dinar
Please provide values below to convert Malagasy Ariary [MGA] to Kuwaiti Dinar [KWD], or Convert Kuwaiti Dinar to Malagasy Ariary.
How to Convert Malagasy Ariary to Kuwaiti Dinar
1 MGA = 14499.9063523248 KWD
Example: convert 15 MGA to KWD:
15 MGA = 15 × 14499.9063523248 KWD = 217498.595284872 KWD
Malagasy Ariary to Kuwaiti Dinar Conversion Table
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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.
Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.