Convert Philippine Peso to Malagasy Ariary
Please provide values below to convert Philippine Peso [PHP] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Philippine Peso.
How to Convert Philippine Peso to Malagasy Ariary
1 PHP = 0.0128588098733063 MGA
Example: convert 15 PHP to MGA:
15 PHP = 15 × 0.0128588098733063 MGA = 0.192882148099595 MGA
Philippine Peso to Malagasy Ariary Conversion Table
| Philippine Peso | Malagasy Ariary |
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Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.
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.