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 ) = 0.0091433270943176 Guyanese Dollar (GYD)

1 MGF = 0.0091433270943176 GYD

1 GYD = 109.36937831104 MGF

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1 Malagasy Franc ( MGF ) Is equal to 0.0091433270943176 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	=	0.0457 GYD
10 MGF	=	0.0914 GYD
15 MGF	=	0.1371 GYD
20 MGF	=	0.1829 GYD
25 MGF	=	0.2286 GYD
30 MGF	=	0.2743 GYD
35 MGF	=	0.32 GYD
40 MGF	=	0.3657 GYD
45 MGF	=	0.4114 GYD
50 MGF	=	0.4572 GYD
55 MGF	=	0.5029 GYD
60 MGF	=	0.5486 GYD
65 MGF	=	0.5943 GYD
70 MGF	=	0.64 GYD
75 MGF	=	0.6857 GYD
80 MGF	=	0.7315 GYD
85 MGF	=	0.7772 GYD
90 MGF	=	0.8229 GYD
95 MGF	=	0.8686 GYD
100 MGF	=	0.9143 GYD
105 MGF	=	0.96 GYD
110 MGF	=	1.0058 GYD
115 MGF	=	1.0515 GYD
120 MGF	=	1.0972 GYD
125 MGF	=	1.1429 GYD
130 MGF	=	1.1886 GYD
135 MGF	=	1.2343 GYD
140 MGF	=	1.2801 GYD
145 MGF	=	1.3258 GYD
150 MGF	=	1.3715 GYD
155 MGF	=	1.4172 GYD
160 MGF	=	1.4629 GYD
165 MGF	=	1.5086 GYD
170 MGF	=	1.5544 GYD
175 MGF	=	1.6001 GYD
180 MGF	=	1.6458 GYD
185 MGF	=	1.6915 GYD
190 MGF	=	1.7372 GYD
195 MGF	=	1.7829 GYD
200 MGF	=	1.8287 GYD
205 MGF	=	1.8744 GYD
210 MGF	=	1.9201 GYD
215 MGF	=	1.9658 GYD
220 MGF	=	2.0115 GYD
225 MGF	=	2.0572 GYD
230 MGF	=	2.103 GYD
235 MGF	=	2.1487 GYD
240 MGF	=	2.1944 GYD
245 MGF	=	2.2401 GYD
250 MGF	=	2.2858 GYD
255 MGF	=	2.3315 GYD
260 MGF	=	2.3773 GYD
265 MGF	=	2.423 GYD
270 MGF	=	2.4687 GYD
275 MGF	=	2.5144 GYD
280 MGF	=	2.5601 GYD
285 MGF	=	2.6058 GYD
290 MGF	=	2.6516 GYD
295 MGF	=	2.6973 GYD
300 MGF	=	2.743 GYD
305 MGF	=	2.7887 GYD
310 MGF	=	2.8344 GYD
315 MGF	=	2.8801 GYD
320 MGF	=	2.9259 GYD
325 MGF	=	2.9716 GYD
330 MGF	=	3.0173 GYD
335 MGF	=	3.063 GYD
340 MGF	=	3.1087 GYD
345 MGF	=	3.1544 GYD
350 MGF	=	3.2002 GYD
355 MGF	=	3.2459 GYD
360 MGF	=	3.2916 GYD
365 MGF	=	3.3373 GYD
370 MGF	=	3.383 GYD
375 MGF	=	3.4287 GYD
380 MGF	=	3.4745 GYD
385 MGF	=	3.5202 GYD
390 MGF	=	3.5659 GYD
395 MGF	=	3.6116 GYD
400 MGF	=	3.6573 GYD
405 MGF	=	3.703 GYD
410 MGF	=	3.7488 GYD
415 MGF	=	3.7945 GYD
420 MGF	=	3.8402 GYD
425 MGF	=	3.8859 GYD
430 MGF	=	3.9316 GYD
435 MGF	=	3.9773 GYD
440 MGF	=	4.0231 GYD
445 MGF	=	4.0688 GYD
450 MGF	=	4.1145 GYD
455 MGF	=	4.1602 GYD
460 MGF	=	4.2059 GYD
465 MGF	=	4.2516 GYD
470 MGF	=	4.2974 GYD
475 MGF	=	4.3431 GYD
480 MGF	=	4.3888 GYD
485 MGF	=	4.4345 GYD
490 MGF	=	4.4802 GYD
495 MGF	=	4.5259 GYD
500 MGF	=	4.5717 GYD

Convertion Chart GYD to MGF
Guyanese Dollar		MGF


5 GYD	=	546.8469 MGF
10 GYD	=	1093.6938 MGF
15 GYD	=	1640.5407 MGF
20 GYD	=	2187.3876 MGF
25 GYD	=	2734.2345 MGF
30 GYD	=	3281.0813 MGF
35 GYD	=	3827.9282 MGF
40 GYD	=	4374.7751 MGF
45 GYD	=	4921.622 MGF
50 GYD	=	5468.4689 MGF
55 GYD	=	6015.3158 MGF
60 GYD	=	6562.1627 MGF
65 GYD	=	7109.0096 MGF
70 GYD	=	7655.8565 MGF
75 GYD	=	8202.7034 MGF
80 GYD	=	8749.5503 MGF
85 GYD	=	9296.3972 MGF
90 GYD	=	9843.244 MGF
95 GYD	=	10390.0909 MGF
100 GYD	=	10936.9378 MGF
105 GYD	=	11483.7847 MGF
110 GYD	=	12030.6316 MGF
115 GYD	=	12577.4785 MGF
120 GYD	=	13124.3254 MGF
125 GYD	=	13671.1723 MGF
130 GYD	=	14218.0192 MGF
135 GYD	=	14764.8661 MGF
140 GYD	=	15311.713 MGF
145 GYD	=	15858.5599 MGF
150 GYD	=	16405.4067 MGF
155 GYD	=	16952.2536 MGF
160 GYD	=	17499.1005 MGF
165 GYD	=	18045.9474 MGF
170 GYD	=	18592.7943 MGF
175 GYD	=	19139.6412 MGF
180 GYD	=	19686.4881 MGF
185 GYD	=	20233.335 MGF
190 GYD	=	20780.1819 MGF
195 GYD	=	21327.0288 MGF
200 GYD	=	21873.8757 MGF
205 GYD	=	22420.7226 MGF
210 GYD	=	22967.5694 MGF
215 GYD	=	23514.4163 MGF
220 GYD	=	24061.2632 MGF
225 GYD	=	24608.1101 MGF
230 GYD	=	25154.957 MGF
235 GYD	=	25701.8039 MGF
240 GYD	=	26248.6508 MGF
245 GYD	=	26795.4977 MGF
250 GYD	=	27342.3446 MGF
255 GYD	=	27889.1915 MGF
260 GYD	=	28436.0384 MGF
265 GYD	=	28982.8853 MGF
270 GYD	=	29529.7321 MGF
275 GYD	=	30076.579 MGF
280 GYD	=	30623.4259 MGF
285 GYD	=	31170.2728 MGF
290 GYD	=	31717.1197 MGF
295 GYD	=	32263.9666 MGF
300 GYD	=	32810.8135 MGF
305 GYD	=	33357.6604 MGF
310 GYD	=	33904.5073 MGF
315 GYD	=	34451.3542 MGF
320 GYD	=	34998.2011 MGF
325 GYD	=	35545.048 MGF
330 GYD	=	36091.8948 MGF
335 GYD	=	36638.7417 MGF
340 GYD	=	37185.5886 MGF
345 GYD	=	37732.4355 MGF
350 GYD	=	38279.2824 MGF
355 GYD	=	38826.1293 MGF
360 GYD	=	39372.9762 MGF
365 GYD	=	39919.8231 MGF
370 GYD	=	40466.67 MGF
375 GYD	=	41013.5169 MGF
380 GYD	=	41560.3638 MGF
385 GYD	=	42107.2106 MGF
390 GYD	=	42654.0575 MGF
395 GYD	=	43200.9044 MGF
400 GYD	=	43747.7513 MGF
405 GYD	=	44294.5982 MGF
410 GYD	=	44841.4451 MGF
415 GYD	=	45388.292 MGF
420 GYD	=	45935.1389 MGF
425 GYD	=	46481.9858 MGF
430 GYD	=	47028.8327 MGF
435 GYD	=	47575.6796 MGF
440 GYD	=	48122.5265 MGF
445 GYD	=	48669.3733 MGF
450 GYD	=	49216.2202 MGF
455 GYD	=	49763.0671 MGF
460 GYD	=	50309.914 MGF
465 GYD	=	50856.7609 MGF
470 GYD	=	51403.6078 MGF
475 GYD	=	51950.4547 MGF
480 GYD	=	52497.3016 MGF
485 GYD	=	53044.1485 MGF
490 GYD	=	53590.9954 MGF
495 GYD	=	54137.8423 MGF
500 GYD	=	54684.6892 MGF