1 MGF to GYD Guyanese Dollar

December 19, 2022 by pkr_to_usd_786

1 MGF to GYD Guyanese Dollar
Madagascar Franc , The franc (ISO 4217 code MGF) was the currency of Madagascar until 1 January 2005. It was subdivided into 100 centimes. In Malagasy the corr … >>> Find out more from wikipedia. category >>> MGF

1 MGF to GYD Guyanese Dollar

1 Malagasy Franc ( MGF ) = 0.0092210712836917 Guyanese Dollar (GYD)

1 MGF = 0.0092210712836917 GYD

1 GYD = 108.44726922007 MGF

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1 Malagasy Franc ( MGF ) Is equal to 0.0092210712836917 Guyanese Dollar (GYD)
Madagascar Franc
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Malagasy Franc

Madagascar Franc , The franc (ISO 4217 code MGF) was the currency of Madagascar until 1 January 2005. It was subdivided into 100 centimes. In Malagasy the corresponding term for the franc is iraimbilanja, and five Malagasy francs is called ariary. The first francs to circulate in Madagascar were French francs. These were supplemented during the First World War by emergency issues, including issues of postage stamps fixed to pieces of card in denominations of 0.05 up to 2 francs. The Banque de Madagascar was created on 1 July 1925 by the French government. The currency was issued by the government-owned Banque de Madagascar and was pegged at par to the French franc. Only banknotes were issued with French coins continuing to circulate. When the Comoro Islands became a separate French territory, the name of the issuing bank was changed to Banque de Madagascar et des Comores. The Madagascar-Comores CFA franc (XMCF) replaced the franc of Madagascar on 26 December 1945, with the creation of the other CFA francs. The CFA franc was worth 1.7 French francs until 1948 when a devaluation of the French currency increased the rate to 1 CFA franc = 2 French francs. When the new French franc was introduced in 1960, the rate became 1 CFA franc = 0.02 French francs. After independence from France, the privilege to issue banknotes was transferred to the Institut d'Émission Malgache on 31 December 1961. The CFA franc was replaced by the Malagasy franc on 1 July 1963. It was pegged to the French franc with the same value as the CFA franc (1 FRF = 50 MGF), guaranteed by the French treasury. Denominations were given both in francs and ariary, with 5 francs = 1 ariary. Madagascar left the CFA franc zone in 1972 and the Malagasy franc was declared inconvertible. Banknotes were issued by the Institut d'Émission Malgache until 1974 when the Banque Centrale de Madagascar (Central Bank of Madagascar) took over that function. The peg to the French franc was kept until 1982 when a series of devaluations began. Finally, the franc was floated freely in May 1994. On 1 June 1995 the exchange rate had dropped to 1 FRF = 777 MGF. On 1 January 2005 it was replaced by the ariary at a rate of 5 francs to the ariary. By then, the exchange rate was 1 EUR = 11,531 MGF (with one euro = 6.55957 FRF). The first Malagasy coins were issued in 1943 by the Free French. These were bronze 50 centime and 1 franc coins bearing the Cross of Lorraine symbol. In 1948, aluminum 1 and 2 franc coins were introduced, followed by aluminum 5 francs and aluminum bronze 10 and 20 francs in 1953. From 1965, coins were issued denominated in both francs and ariary. Find out more from wikipedia

Guyanese Dollar

Guyana Dollar ,The Guyanese dollar has been the unit of account in Guyana since January 29, 1839. It was originally conceived as a transitional unit to facilitate the transition from the Dutch guilder currency system to the British pound sterling system. What is the Guyanese Dollar (GYD)? The term Guyanese dollar (GYD) refers to the official currency of Guyana. Created as legal tender in the 1800s, the dollar is printed and backed by the country's central bank, the Bank of Guyana. It is denoted by the symbols $ and G$ and is commonly referred to as GYD in the foreign exchange market. A dollar consists of 100 cents. Banknotes range from US$20 to US$5,000, while coins range from US$1 to US$100. Although the Guyanese dollar is not pegged to any other currency, it is often exchanged for the US dollar. Understanding the Guyanese Dollar (GYD) The Guyanese dollar (GYD) began in 1839 as a transitional currency from the Dutch guilder to the British pound sterling (GBP). The pound has been used in Guyana and other parts of the British West Indies for many years. It lasted mostly until the country gained independence from Britain on 26 May 1966, when the GYD first appeared in its current form. The central bank is responsible for monetary and fiscal policy in the country, as well as the printing and servicing of dollars. The Bank of Guyana was founded in 1965 and is the only institution authorized to issue and redeem banknotes and coins. The bank issues banknotes of 20, 50, 100, 500, 1000 and 5000 dollars. Coins are minted in denominations of 1, 5, 10 and 100 US dollars. The exchange rate between the Guyanese dollar and the US dollar is practically unchanged. As of March 31, 2021, one Guyanese dollar was worth $0.0048. This means that it takes about $210 to earn just one full US dollar. Hard currency is widely used in the country, so it's best to have cash with you. Credit cards are rarely used outside of Georgetown's main tourist areas, and foreign cards are generally not accepted at automated teller machines (ATMs). Currency can be exchanged at banks and hotels. But exchange offices or kombuses usually offer better exchange rates. Most retailers in tourist areas, including hotels and restaurants, accept US dollars. Special Considerations Guyana has a population of approximately 785,000 and is located along the North Atlantic coast of South America. The country is known for its rainforests and trade in commodities, especially sugar. More current exports include gold and bauxite, the latter of which is used in aluminum production. In 2015, Exxon Mobil (XOM) discovered an offshore oil field. The company said it expects the reserve to be worth 12 times the national economy. At the opening, the company said it could potentially store 700 million barrels of oil, but raised that estimate to 3.2 billion barrels. Production started in 2019. The company said in 2020 that the facility may not be financially viable, but remains committed to the project. 6.4% Inflation rate in Guyana as of August 2022. By 2021, gross domestic product (GDP) per capita was less than $12,000, equivalent to 87% of the global average. Thus, there is little interest in GYD among currency traders in the global forex market. The trading volume in the list of top currency pairs remains very low. In fact, the Guyanese dollar is not even a popular regional currency.
Find out more from wikipedia

Convertion Chart MGF to GYD
MGF		GYD


5 MGF	=	0.0461 GYD
10 MGF	=	0.0922 GYD
15 MGF	=	0.1383 GYD
20 MGF	=	0.1844 GYD
25 MGF	=	0.2305 GYD
30 MGF	=	0.2766 GYD
35 MGF	=	0.3227 GYD
40 MGF	=	0.3688 GYD
45 MGF	=	0.4149 GYD
50 MGF	=	0.4611 GYD
55 MGF	=	0.5072 GYD
60 MGF	=	0.5533 GYD
65 MGF	=	0.5994 GYD
70 MGF	=	0.6455 GYD
75 MGF	=	0.6916 GYD
80 MGF	=	0.7377 GYD
85 MGF	=	0.7838 GYD
90 MGF	=	0.8299 GYD
95 MGF	=	0.876 GYD
100 MGF	=	0.9221 GYD
105 MGF	=	0.9682 GYD
110 MGF	=	1.0143 GYD
115 MGF	=	1.0604 GYD
120 MGF	=	1.1065 GYD
125 MGF	=	1.1526 GYD
130 MGF	=	1.1987 GYD
135 MGF	=	1.2448 GYD
140 MGF	=	1.2909 GYD
145 MGF	=	1.3371 GYD
150 MGF	=	1.3832 GYD
155 MGF	=	1.4293 GYD
160 MGF	=	1.4754 GYD
165 MGF	=	1.5215 GYD
170 MGF	=	1.5676 GYD
175 MGF	=	1.6137 GYD
180 MGF	=	1.6598 GYD
185 MGF	=	1.7059 GYD
190 MGF	=	1.752 GYD
195 MGF	=	1.7981 GYD
200 MGF	=	1.8442 GYD
205 MGF	=	1.8903 GYD
210 MGF	=	1.9364 GYD
215 MGF	=	1.9825 GYD
220 MGF	=	2.0286 GYD
225 MGF	=	2.0747 GYD
230 MGF	=	2.1208 GYD
235 MGF	=	2.167 GYD
240 MGF	=	2.2131 GYD
245 MGF	=	2.2592 GYD
250 MGF	=	2.3053 GYD
255 MGF	=	2.3514 GYD
260 MGF	=	2.3975 GYD
265 MGF	=	2.4436 GYD
270 MGF	=	2.4897 GYD
275 MGF	=	2.5358 GYD
280 MGF	=	2.5819 GYD
285 MGF	=	2.628 GYD
290 MGF	=	2.6741 GYD
295 MGF	=	2.7202 GYD
300 MGF	=	2.7663 GYD
305 MGF	=	2.8124 GYD
310 MGF	=	2.8585 GYD
315 MGF	=	2.9046 GYD
320 MGF	=	2.9507 GYD
325 MGF	=	2.9968 GYD
330 MGF	=	3.043 GYD
335 MGF	=	3.0891 GYD
340 MGF	=	3.1352 GYD
345 MGF	=	3.1813 GYD
350 MGF	=	3.2274 GYD
355 MGF	=	3.2735 GYD
360 MGF	=	3.3196 GYD
365 MGF	=	3.3657 GYD
370 MGF	=	3.4118 GYD
375 MGF	=	3.4579 GYD
380 MGF	=	3.504 GYD
385 MGF	=	3.5501 GYD
390 MGF	=	3.5962 GYD
395 MGF	=	3.6423 GYD
400 MGF	=	3.6884 GYD
405 MGF	=	3.7345 GYD
410 MGF	=	3.7806 GYD
415 MGF	=	3.8267 GYD
420 MGF	=	3.8728 GYD
425 MGF	=	3.919 GYD
430 MGF	=	3.9651 GYD
435 MGF	=	4.0112 GYD
440 MGF	=	4.0573 GYD
445 MGF	=	4.1034 GYD
450 MGF	=	4.1495 GYD
455 MGF	=	4.1956 GYD
460 MGF	=	4.2417 GYD
465 MGF	=	4.2878 GYD
470 MGF	=	4.3339 GYD
475 MGF	=	4.38 GYD
480 MGF	=	4.4261 GYD
485 MGF	=	4.4722 GYD
490 MGF	=	4.5183 GYD
495 MGF	=	4.5644 GYD
500 MGF	=	4.6105 GYD

Convertion Chart GYD to MGF
Guyanese Dollar		MGF


5 GYD	=	542.2363 MGF
10 GYD	=	1084.4727 MGF
15 GYD	=	1626.709 MGF
20 GYD	=	2168.9454 MGF
25 GYD	=	2711.1817 MGF
30 GYD	=	3253.4181 MGF
35 GYD	=	3795.6544 MGF
40 GYD	=	4337.8908 MGF
45 GYD	=	4880.1271 MGF
50 GYD	=	5422.3635 MGF
55 GYD	=	5964.5998 MGF
60 GYD	=	6506.8362 MGF
65 GYD	=	7049.0725 MGF
70 GYD	=	7591.3088 MGF
75 GYD	=	8133.5452 MGF
80 GYD	=	8675.7815 MGF
85 GYD	=	9218.0179 MGF
90 GYD	=	9760.2542 MGF
95 GYD	=	10302.4906 MGF
100 GYD	=	10844.7269 MGF
105 GYD	=	11386.9633 MGF
110 GYD	=	11929.1996 MGF
115 GYD	=	12471.436 MGF
120 GYD	=	13013.6723 MGF
125 GYD	=	13555.9087 MGF
130 GYD	=	14098.145 MGF
135 GYD	=	14640.3813 MGF
140 GYD	=	15182.6177 MGF
145 GYD	=	15724.854 MGF
150 GYD	=	16267.0904 MGF
155 GYD	=	16809.3267 MGF
160 GYD	=	17351.5631 MGF
165 GYD	=	17893.7994 MGF
170 GYD	=	18436.0358 MGF
175 GYD	=	18978.2721 MGF
180 GYD	=	19520.5085 MGF
185 GYD	=	20062.7448 MGF
190 GYD	=	20604.9812 MGF
195 GYD	=	21147.2175 MGF
200 GYD	=	21689.4538 MGF
205 GYD	=	22231.6902 MGF
210 GYD	=	22773.9265 MGF
215 GYD	=	23316.1629 MGF
220 GYD	=	23858.3992 MGF
225 GYD	=	24400.6356 MGF
230 GYD	=	24942.8719 MGF
235 GYD	=	25485.1083 MGF
240 GYD	=	26027.3446 MGF
245 GYD	=	26569.581 MGF
250 GYD	=	27111.8173 MGF
255 GYD	=	27654.0537 MGF
260 GYD	=	28196.29 MGF
265 GYD	=	28738.5263 MGF
270 GYD	=	29280.7627 MGF
275 GYD	=	29822.999 MGF
280 GYD	=	30365.2354 MGF
285 GYD	=	30907.4717 MGF
290 GYD	=	31449.7081 MGF
295 GYD	=	31991.9444 MGF
300 GYD	=	32534.1808 MGF
305 GYD	=	33076.4171 MGF
310 GYD	=	33618.6535 MGF
315 GYD	=	34160.8898 MGF
320 GYD	=	34703.1262 MGF
325 GYD	=	35245.3625 MGF
330 GYD	=	35787.5988 MGF
335 GYD	=	36329.8352 MGF
340 GYD	=	36872.0715 MGF
345 GYD	=	37414.3079 MGF
350 GYD	=	37956.5442 MGF
355 GYD	=	38498.7806 MGF
360 GYD	=	39041.0169 MGF
365 GYD	=	39583.2533 MGF
370 GYD	=	40125.4896 MGF
375 GYD	=	40667.726 MGF
380 GYD	=	41209.9623 MGF
385 GYD	=	41752.1986 MGF
390 GYD	=	42294.435 MGF
395 GYD	=	42836.6713 MGF
400 GYD	=	43378.9077 MGF
405 GYD	=	43921.144 MGF
410 GYD	=	44463.3804 MGF
415 GYD	=	45005.6167 MGF
420 GYD	=	45547.8531 MGF
425 GYD	=	46090.0894 MGF
430 GYD	=	46632.3258 MGF
435 GYD	=	47174.5621 MGF
440 GYD	=	47716.7985 MGF
445 GYD	=	48259.0348 MGF
450 GYD	=	48801.2711 MGF
455 GYD	=	49343.5075 MGF
460 GYD	=	49885.7438 MGF
465 GYD	=	50427.9802 MGF
470 GYD	=	50970.2165 MGF
475 GYD	=	51512.4529 MGF
480 GYD	=	52054.6892 MGF
485 GYD	=	52596.9256 MGF
490 GYD	=	53139.1619 MGF
495 GYD	=	53681.3983 MGF
500 GYD	=	54223.6346 MGF