Convert Malagasy Ariary to Rwandan Franc
Please provide values below to convert Malagasy Ariary [MGA] to Rwandan Franc [RWF], or Convert Rwandan Franc to Malagasy Ariary.
How to Convert Malagasy Ariary to Rwandan Franc
1 MGA = 3.05952582467062 RWF
Example: convert 15 MGA to RWF:
15 MGA = 15 × 3.05952582467062 RWF = 45.8928873700593 RWF
Malagasy Ariary to Rwandan Franc Conversion Table
| Malagasy Ariary | Rwandan Franc |
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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.
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.