What is the current MGA to NZD exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0004 NZD. 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 NZD 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 NZD?

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

Convert Malagasy Ariaries to New Zealand Dollars and compare the real cost of sending money.

You send

MGA

They receive

NZD

1 MGA = 0.0004 NZD • Mid-market rate

Updated just now

Compare transfers for MGA → NZD

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Historical MGA/NZD exchange rate

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

Quick reference: MGA to NZD

1 MGA → 0.00 NZD

5 MGA → 0.00 NZD

10 MGA → 0.00 NZD

50 MGA → 0.02 NZD

100 MGA → 0.04 NZD

500 MGA → 0.19 NZD

1,000 MGA → 0.37 NZD

5,000 MGA → 1.87 NZD

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

NZD — New Zealand Dollar

ISO Code NZD

Symbol $

Central Bank Reserve Bank of New Zealand

Common Notes $5, $10, $20, $50, $100

Learn more about NZD

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

Convert MGA to NZD — live rate

Historical MGA/NZD exchange rate

Quick reference: MGA to NZD

Real cost of MGA → NZD

Estimated savings

Compare MGA → NZD providers

Currency snapshots