What is the current PEN to MGA exchange rate?

The current mid-market exchange rate is 1 PEN = 1291.3800 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 PEN 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 PEN to MGA?

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

Convert Peruvian Nuevo Sols to Malagasy Ariaries and compare the real cost of sending money.

You send

PEN

They receive

MGA

1 PEN = 1291.3800 MGA • Mid-market rate

Updated just now

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Historical PEN/MGA exchange rate

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

Quick reference: PEN to MGA

1 PEN → 1,291.38 MGA

5 PEN → 6,456.90 MGA

10 PEN → 12,913.80 MGA

50 PEN → 64,569.00 MGA

100 PEN → 129,138.00 MGA

500 PEN → 645,690.00 MGA

1,000 PEN → 1,291,380.00 MGA

5,000 PEN → 6,456,900.00 MGA

Currency snapshots

PEN — Peruvian Nuevo Sol

ISO Code PEN

Symbol S/.

Central Bank Central Reserve Bank of Peru

Common Notes S/.10, S/.20, S/.50, S/.100, S/.200

Learn more about PEN

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 PEN to MGA — live rate

Historical PEN/MGA exchange rate

Quick reference: PEN to MGA

Real cost of PEN → MGA

Estimated savings

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Currency snapshots