What is the current MGA to USD exchange rate?

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

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

Convert Malagasy Ariaries to United States Dollars and compare the real cost of sending money.

You send

MGA

They receive

USD

1 MGA = 0.0002 USD • Mid-market rate

Updated just now

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Historical MGA/USD exchange rate

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

Quick reference: MGA to USD

1 MGA → 0.00 USD

5 MGA → 0.00 USD

10 MGA → 0.00 USD

50 MGA → 0.01 USD

100 MGA → 0.02 USD

500 MGA → 0.11 USD

1,000 MGA → 0.22 USD

5,000 MGA → 1.09 USD

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

USD — United States Dollar

ISO Code USD

Symbol $

Central Bank Federal Reserve Bank

Common Notes $1, $5, $10, $20, $50, $100

Learn more about USD

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

Convert MGA to USD — live rate

Historical MGA/USD exchange rate

Quick reference: MGA to USD

Real cost of MGA → USD

Estimated savings

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Currency snapshots