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.

Israeli Shekel

Israeli Shekel

The Israeli new shekel (Hebrew: שֶׁקֶל חָדָשׁ‎ Sheqel H̱adash; Arabic: شيكل جديد‎ šēkal jadīd; sign: ₪; code: ILS), also known as simply the Israeli shekel and formerly known as the New Israeli Sheqel (NIS), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 agora. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1. The currency sign for the new shekel ⟨ ₪ ⟩ is a combination of the first Hebrew letters of the words shekel (ש) and ẖadash (ח) (new). Alongside the shekel sign, the following abbreviations of NIS, ש"ח‎ and ش.ج‎ are also used commonly to denominate prices.

962 Malagasy Ariary to Israeli Shekel exchange rates chart

962 MGA to ILS exchange rates graph
962 MGA to ILS 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.

962 MGA to ILS exchange rates table

Exchange MGA to ILS
962 Malagasy Ariary = 0.991 Israeli Shekel
1924 Malagasy Ariary = 1.982 Israeli Shekel
4810 Malagasy Ariary = 4.955 Israeli Shekel
9620 Malagasy Ariary = 9.911 Israeli Shekel
Exchange Malagasy Ariary to Israeli Shekel
962 Malagasy Ariary to Israeli Shekel 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.

962 MGA to ILS exchange rates news

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962 MGA to ILS currency converter