Malagasy Ariary

Malagasy Ariary

The ariary (sign: Ar; ISO 4217 code MGA) is the currency of Madagascar. It is subdivided into 5 iraimbilanja and is one of only two non-decimal currencies currently circulating (the other is the Mauritanian ouguiya). The names ariary and iraimbilanja derive from the pre-colonial currency, with ariary (from the Spanish word "real") being the name for a silver dollar. Iraimbilanja means literally "one iron weight" and was the name of an old coin worth ​1⁄5 of an ariary.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

250 Malagasy Ariary to South African Rand exchange rates chart

250 MGA to ZAR exchange rates graph
250 MGA to ZAR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

250 MGA to ZAR exchange rates table

Exchange MGA to ZAR
250 Malagasy Ariary = 0.939 South African Rand
500 Malagasy Ariary = 1.879 South African Rand
1250 Malagasy Ariary = 4.697 South African Rand
2500 Malagasy Ariary = 9.393 South African Rand
Exchange Malagasy Ariary to South African Rand
250 Malagasy Ariary to South African Rand Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

250 MGA to ZAR exchange rates news

Madagascar's Homegrown Auto Industry Is Fascinating

While most of the cars we tend to encounter on a daily basis are made by huge, global corporations, it’s important to remember that there’s interesting cars being put together all over the world, including places that one doesn’t normally associate with automobile production. Madagascar is one of those places. As an island with a fairly small population, you wouldn’t think they’d have a completely indigenous and local car industry. But they do. It’s not big, but it is very interesting, and I think the cars they’ve built are pretty damn cool.

2 months indicative positive
Dollar Rain for Madagascar Players After First Ever AFCON Qualification
Dollar Rain for Madagascar Players After First Ever AFCON Qualification

Madagascar has rewarded the country's footballers as they qualifyied for first Africa Cup of Nations finals in Cameroon in 1-0 win over Equatorial Guinea.

3 months indicative neutral
Rich in Agriculture, Madagascar Suffers from Extreme Malnutrition - Madagascar

English News and Press Release on Madagascar about Disaster Management, Food and Nutrition, Children, Women, Drought and more; published on 24 Oct 2018 by IPS

3 months indicative positive
On the Moonshine Trail in Madagascar
On the Moonshine Trail in Madagascar

An inebriated journey to the heart of an off-the-books industry.

10 months indicative negative
Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 2 months conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive

250 MGA to ZAR currency converter