Malagasy Ariary to Norwegian Krone

The Malagasy ariary (sign Ar., code MGA) is the currency of Madagascar, but is also used for payment on the territory of Mauritania. The ariary is exchanged into iriambilanja.

One MGA equals 5 iriambilanja. The Malagasy ariary has been issued since 2005. The currency officially replaced the Malagasy franc. At the moment, the notes that have been issued since 2003 are mostly in circulation. Old series are being gradually taken out of circulation and replaced by the new one.

The Norwegian krone (symbol: kr, code: NOK, number 578) is the national currency of Norway, valid in the country since 1874 to have replaced the Norwegian daler. Although nominally the krone is subdivided into 100 ore, coins denominations of less than 1 crone have been discontinued, and ore has existed only electronically since 2012. The banknotes design bears traditional Scandinavian decorations depicting ships, lighthouses, sea waves, cod.

The exchange rate varies depending on oil prices and other economic factors. The average inflation index is low,e.g. in autumn 2019 it was only 1.8%. During 2017 - 2019, all old banknotes were replaced in the country. They can be exchanged in banks until 2028.