Live exchange rate for 1000 Malagasy Ariary to Nigerian Naira at Bank, Wednesday, 23.04.2025 08:00
Buy 0.3527
Sell 0.3529
Change 0
Last price yesterday 0.3527
The Malagasy Ariary (MGA) is the official currency of Madagascar. Introduced in 2005 to replace the Malagasy Franc, it is issued by the Central Bank of Madagascar. The currency plays a vital role in the country's economy and financial stability.
The Nigerian Naira (NGN) is the official currency of Nigeria. It was introduced in 1973 to replace the Nigerian pound. The currency is regulated by the Central Bank of Nigeria. The term "Naira" is derived from the word "Nigeria", while "kobo", its subunit, means "penny" in Hausa language.