What is the current NIO to MGA exchange rate?

The current mid-market exchange rate is 1 NIO = 119.1060 MGA. 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 NIO to MGA 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 NIO to MGA?

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

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

You send

NIO

They receive

MGA

1 NIO = 119.1060 MGA • Mid-market rate

Updated just now

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Historical NIO/MGA exchange rate

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

Quick reference: NIO to MGA

1 NIO → 119.11 MGA

5 NIO → 595.53 MGA

10 NIO → 1,191.06 MGA

50 NIO → 5,955.30 MGA

100 NIO → 11,910.60 MGA

500 NIO → 59,553.00 MGA

1,000 NIO → 119,106.00 MGA

5,000 NIO → 595,530.00 MGA

Currency snapshots

NIO — Nicaraguan Córdoba

ISO Code NIO

Symbol C$

Central Bank Central Bank of Nicaragua

Common Notes C$10, C$20, C$50, C$100, C$200, C$500

Learn more about NIO

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

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

Convert NIO to MGA — live rate

Historical NIO/MGA exchange rate

Quick reference: NIO to MGA

Real cost of NIO → MGA

Estimated savings

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Currency snapshots