Convert Solomon Islands Dollar to Malagasy Ariary
Please provide values below to convert Solomon Islands Dollar [SBD] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to Malagasy Ariary
1 SBD = 0.00186088413641495 MGA
Example: convert 15 SBD to MGA:
15 SBD = 15 × 0.00186088413641495 MGA = 0.0279132620462242 MGA
Solomon Islands Dollar to Malagasy Ariary Conversion Table
| Solomon Islands Dollar | Malagasy Ariary |
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Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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.