Ariary Currency Overview and Exchange Rate History

The ariary currency is a fascinating topic. The Malagasy ariary is the official currency of Madagascar. It's divided into 5 sub-units called iraimbilanja.

The ariary has been in circulation since 2003, replacing the Malagasy franc. This changeover was implemented to reduce inflation and stabilize the economy.

The Malagasy ariary is pegged to the Euro, which means its value is tied to the Euro's exchange rate. This peg was established in 2005, and it has been maintained ever since.

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Historical Exchange Rates are crucial for travelers and businesses alike, and the Malagasy ariary is no exception. The current exchange rate for Ar 1 is US$ 0.00.

You can see the exchange rate for different denominations of Malagasy ariary in the table below:

The exchange rate for Malagasy ariary to Euros is currently 0.000, reflecting a 0.406% change since yesterday.

Historical Malagasy to USD Exchange Rates can be quite fascinating. The Malagasy Ariary (MGA) has a fixed exchange rate to the United States Dollar (USD), with some denominations being more valuable than others.

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For example, Ar 50 is worth US$ 0.01, making it a relatively small amount. Ar 100, on the other hand, is worth US$ 0.02, which is twice as much.

Here's a breakdown of some common Malagasy Ariary denominations and their equivalent values in USD:

As you can see, the exchange rate increases as the Malagasy Ariary denomination increases.

The Malagasy to Euros exchange rate has been relatively stable over the past week, with a 0.079% increase compared to its value 7 days ago.

The current exchange rate for Malagasy ariary to Euros is 0.000, reflecting a 0.406% change since yesterday.

This stability is a welcome change, as exchange rates can fluctuate rapidly in the global market.

The ariary was introduced in 1961 and was initially equal to 5 Malagasy francs. This marked the beginning of the ariary's journey as the official currency of Madagascar.

In 1961, coins and banknotes were issued denominated in both francs and ariary, with the ariary's sub-unit, the iraimbilanja, worth 1⁄5 of an ariary. The iraimbilanja was equivalent to the franc.

The ariary replaced the franc as the official currency of Madagascar on January 1, 2005, after being used alongside the franc for over 40 years. This change was a significant milestone in Madagascar's economic history.

Here's a brief timeline of the ariary's evolution:

The Ariary currency is the official currency of Madagascar, and it's been in use since 2002. It replaced the Franc Malgache (FMG), with a conversion rate of 5 FMG to 1 MGA.

You can still see some old price boards with FMG written on them, but most hotels and restaurants now charge in Ariary. The largest Malagasy banknote is 20,000 Ariary, which is equivalent to around 4-6 Euros.

In Madagascar, you'll mostly use banknotes to pay for things, especially in rural areas. It's a good idea to carry small bills with you, as you never know when you might need to pay for something in a small village.

Coins play a vital role in Madagascar's Ariary currency, but it's essential to know how they work. The Ariary is subdivided into smaller units called Iraimbilanja, with 1 Ariary equal to 5 Iraimbilanja.

Coins in circulation include the 1/5 Ariary (Iraimbilanja), 2/5 Ariary (Venty sy Kirobo), 1 Ariary (Ariary), 2 Ariary (Ariary Roa), 4 Ariary (Ariary Efatra), 5 Ariary (Ariary Dimy), 10 Ariary (Ariary Folo), 20 Ariary (Ariary Roapolo), and 50 Ariary (Ariary Dimampolo) coins.

In the past, coins were issued with different denominations, including 1 franc, 2 francs, 5 francs, 10 francs, 20 francs, and more. The names of these coins, such as "Venty sy Kirobo" and "Ariary Roa", might seem unfamiliar, but they're rooted in the country's history and currency system.

The 1 and 2 Ariary coins are notable for not bearing the franc denomination, and they were introduced in 2003-04.

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The ariary currency has a rich history, and its banknotes are a fascinating aspect of it. The first banknotes were introduced in 1961 by the Institut d'Émission Malgache, with denominations ranging from 50 to 5000 francs.

These early notes were overprints on existing notes, with the ariary denomination included in the overprint. The ariary denomination was written only in words, not numerals.

In 1974, new notes were issued with the same denominations as before. The following year, the country's name was changed to the Repoblica Demokratika Malagasy, leading to a new series of notes that included a 10,000 franc note but omitted the 50 and 100 franc denominations.

Here's a list of the current banknotes in circulation:

The new series of notes, introduced in 2017, features a range of unique images and designs that showcase the country's rich culture, biodiversity, and economic activities.

In Madagascar, the official currency is the Malagasy Ariary (MGA), which replaced the Franc Malgache (FMG) in 2002. The exchange rate is 5 FMG to 1 MGA.

You can still find some price boards with FMG, but most hotels and restaurants now charge in Ariary. If you're given a menu with FMG prices, you can ask for the Ariary equivalent.

The largest banknote in circulation is 20,000 Ariary, which is worth around 4-6 Euros, depending on the exchange rate. This note was introduced in 2017.

The Ariary is divided into smaller units called Iraimbilanja, with 1 Ariary equal to 5 Iraimbilanja. The two smallest coins are 1 and 2 Iraimbilanja.

In large cities, coin money is sometimes used, but banknotes are the norm. It's a good idea to carry small bills with you when traveling to more remote areas or small villages.

Here's a list of the current banknotes in circulation:

Exchange rates for Malagasy Ariary to major currencies like the United States Dollar and Euro are available online, and you can find the current exchange rate for Ar 1 to USD as US$ 0.00.

You can also track the exchange rate history of Malagasy Ariary to Euros, which has remained relatively stable over the past week with a 0.079% increase compared to its value 7 days ago.

To convert Malagasy Ariaries to Euros, simply type in the amount you want to convert, select MGA as the currency you want to convert from and EUR as the currency you want to convert to, and our currency converter will show you the current MGA to EUR rate.

The exchange rate for Malagasy ariary to Euros is currently 0.000 today, reflecting a 0.406% change since yesterday.

If you're planning to travel to Madagascar, it's essential to know that you can exchange money directly at the airport Ivato in Antananarivo, or at various banks and special agencies in cities.

Here's a list of the current exchange rates for Malagasy Ariary to United States Dollar: