What is the current MGA to GBP exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0002 GBP. 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 GBP 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 GBP?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the MGA/GBP 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 GBP — live rate

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

You send

MGA

They receive

GBP

1 MGA = 0.0002 GBP • Mid-market rate

Updated just now

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Historical MGA/GBP exchange rate

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

Quick reference: MGA to GBP

1 MGA → 0.00 GBP

5 MGA → 0.00 GBP

10 MGA → 0.00 GBP

50 MGA → 0.01 GBP

100 MGA → 0.02 GBP

500 MGA → 0.08 GBP

1,000 MGA → 0.16 GBP

5,000 MGA → 0.82 GBP

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

GBP — British Pound

ISO Code GBP

Symbol £

Central Bank Bank of England

Common Notes £5, £10, £20, £50

Learn more about GBP

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

Convert MGA to GBP — live rate

Historical MGA/GBP exchange rate

Quick reference: MGA to GBP

Real cost of MGA → GBP

Estimated savings

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Currency snapshots