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Easily convert XAF to MGA with ConvertOnline's efficient tool.
The CFA Franc BEAC (XAF) is the currency used by six Central African countries that are part of the Economic and Monetary Community of Central Africa (CEMAC). It is pegged to the Euro, which helps stabilize its value and facilitate trade within the region and with the Eurozone.
The Malagasy Ariary (MGA) is the official currency of Madagascar, a country located off the southeastern coast of Africa. Introduced in 2005, it replaced the former Malagasy franc at a rate of 1,000 francs to 1 ariary, serving as a medium of exchange for goods and services within the nation.