Live exchange rate for Nigerian Naira to Malagasy Ariary at Bank, Wednesday, 14.05.2025 10:26
Buy 2.8247
Sell 2.8229
Change -0.000004
Last price yesterday 2.8247
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.
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.