What is the current MGA to EUR exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0002 EUR. This rate is updated in real-time. Banks typically add a 2-3% markup, while specialist providers offer rates closer to the mid-market rate.

How can I get the best MGA to EUR rate?

To get the best rate, compare FCA-regulated money transfer specialists instead of using your bank. Specialist providers typically charge 0.3-1% vs banks' 2-3% markup. For larger amounts (£1,000+), the savings can be significant.

Is it a good time to convert MGA to EUR?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the MGA/EUR rate has moved over time. For large transfers, consider setting up rate alerts or using a forward contract to lock in today's rate.

Convert MGA to EUR — live rate

Convert Malagasy Ariaries to Euros and compare the real cost of sending money.

You send

MGA

They receive

EUR

1 MGA = 0.0002 EUR • Mid-market rate

Updated just now

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Historical MGA/EUR exchange rate

Rates shown are indicative mid-market rates, updated regularly.

Quick reference: MGA to EUR

1 MGA → 0.00 EUR

5 MGA → 0.00 EUR

10 MGA → 0.00 EUR

50 MGA → 0.01 EUR

100 MGA → 0.02 EUR

500 MGA → 0.10 EUR

1,000 MGA → 0.20 EUR

5,000 MGA → 1.00 EUR

Currency snapshots

MGA — Malagasy Ariary

ISO Code MGA

Central Bank Banque Centrale de Madagascar

Common Notes Ar100, Ar200, Ar500, Ar1000, Ar2000, Ar5000, Ar10000

Learn more about MGA

EUR — Euro

ISO Code EUR

Symbol €

Central Bank European Central Bank

Common Notes €5, €10, €20, €50, €100

Learn more about EUR

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.

Convert MGA to EUR — live rate

Historical MGA/EUR exchange rate

Quick reference: MGA to EUR

Real cost of MGA → EUR

Estimated savings

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Currency snapshots