🇲🇬 Malagasy Ariary (MGA) TradingHours.com

The Malagasy Ariary is the primary currency of Madagascar. This currency is used by an estimated 28,427,333 people. Based on our estimate, Malagasy Ariary is the #47 most popular currency is the world.

The currency code for the Malagasy Ariary is "MGA". The ISO 4217 number for this currency is 969. The currency symbol for the Ariary is "Ar".

Malagasy Ariary conversion rates, useful facts, and holiday schedule can be found below.

Full list of currencies

MGA Currency Demographics

The primary country using the Malagasy Ariary is Madagascar.

There are approximately 28,427,333 people around the world who use the Malagasy Ariary. The Malagasy Ariary is the #47 most used widely currency is the world.

28,427,333 user population
Ranked #47 in the world

MGA Exchange Rates

1 Malagasy Ariary equals:

Australian Dollar

$0.00036

Inverse: Ar2,777.13
Euro

€0.00024

Inverse: Ar4,122.15
British Pound

£0.00022

Inverse: Ar4,619.40
Indian Rupee

₹0.019

Inverse: Ar52.36
Japanese Yen

Â¥0.034

Inverse: Ar29.67
US Dollar

$0.00024

Inverse: Ar4,254.18

† Rates last updated at 9 hours ago

‡ Rates are the interbank rate and are only available on large transactions

MGA Currency Facts

MGA Details

ISO 4217 CodeMGA
ISO 4217 Number969
Unit NameAriary
SymbolAr
Currency NicknamesN.a.

MGA Denominations

Minor Unit NameN.a.
Minor Unit Symbol N.a.
Minor Units2
Frequently Used banknotesAr100, Ar200, Ar500, Ar1000, Ar2000, Ar5000, Ar10000
Rarely Used BanknotesN.a.
Frequently Used CoinsAr1, Ar2, Ar4, Ar5, Ar10, Ar20, Ar50, 1, 25
Rarely Used CoinsN.a.

MGA Issuance

Central BankBanque Centrale de Madagascar
Central Bank Websitehttp://www.banque-centrale.mg

World Bank Statistics

Estimated User Population28,427,333 people
Population Rank#47
MGA Inflation RateN.a.
Inflation Rank#35

† Population and Inflation rate as based on data from the World Bank.

‡ Corrections or suggestions? Please contact us.

MGA Currency History

The Malagasy Ariary was created in January 2005. The table below shows the history of currencies that ultimately became the Malagasy Ariary.

Currency Active Replaced By
Malagasy franc (MGF) July 1963 to January 2005 MGA