Convert Malagasy Ariary to Swedish Krona
Please provide values below to convert Malagasy Ariary [MGA] to Swedish Krona [SEK], or Convert Swedish Krona to Malagasy Ariary.
How to Convert Malagasy Ariary to Swedish Krona
1 MGA = 463.970264974906 SEK
Example: convert 15 MGA to SEK:
15 MGA = 15 × 463.970264974906 SEK = 6959.5539746236 SEK
Malagasy Ariary to Swedish Krona 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.
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.