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.

Norwegian Krone

Norwegian Krone

The krone [ˈkruːnə] (sign: kr; code: NOK), plural kroner, is the currency of Norway and its dependent territories. It is subdivided into 100 øre, which exist only electronically since 2012. The name translates into English as crown. The krone was the thirteenth most traded currency in the world by value in April 2010, down three positions from 2007.

422 Malagasy Ariary to Norwegian Krone exchange rates chart

422 MGA to NOK exchange rates graph
422 MGA to NOK 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.

422 MGA to NOK exchange rates table

Exchange MGA to NOK
422 Malagasy Ariary = 0.985 Norwegian Krone
844 Malagasy Ariary = 1.971 Norwegian Krone
2110 Malagasy Ariary = 4.927 Norwegian Krone
4220 Malagasy Ariary = 9.855 Norwegian Krone
Exchange Malagasy Ariary to Norwegian Krone
422 Malagasy Ariary to Norwegian Krone 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.

422 MGA to NOK 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

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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

422 MGA to NOK currency converter