What is the current MGA to ZAR exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0041 ZAR. 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 ZAR 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 ZAR?

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

Convert Malagasy Ariaries to South African Rands and compare the real cost of sending money.

You send

MGA

They receive

ZAR

1 MGA = 0.0041 ZAR • Mid-market rate

Updated just now

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Historical MGA/ZAR exchange rate

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

Quick reference: MGA to ZAR

1 MGA → 0.00 ZAR

5 MGA → 0.02 ZAR

10 MGA → 0.04 ZAR

50 MGA → 0.20 ZAR

100 MGA → 0.41 ZAR

500 MGA → 2.03 ZAR

1,000 MGA → 4.06 ZAR

5,000 MGA → 20.32 ZAR

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

ZAR — South African Rand

ISO Code ZAR

Symbol R

Central Bank South African Reserve Bank

Common Notes R10, R20, R50, R100, R200

Learn more about ZAR

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

Convert MGA to ZAR — live rate

Historical MGA/ZAR exchange rate

Quick reference: MGA to ZAR

Real cost of MGA → ZAR

Estimated savings

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Currency snapshots