What is the current ZAR to MGA exchange rate?

The current mid-market exchange rate is 1 ZAR = 253.8890 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 ZAR 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 ZAR to MGA?

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

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

You send

ZAR

They receive

MGA

1 ZAR = 253.8890 MGA • Mid-market rate

Updated just now

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Historical ZAR/MGA exchange rate

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

Quick reference: ZAR to MGA

1 ZAR → 253.89 MGA

5 ZAR → 1,269.45 MGA

10 ZAR → 2,538.89 MGA

50 ZAR → 12,694.45 MGA

100 ZAR → 25,388.90 MGA

500 ZAR → 126,944.50 MGA

1,000 ZAR → 253,889.00 MGA

5,000 ZAR → 1,269,445.00 MGA

Currency snapshots

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

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 ZAR to MGA — live rate

Historical ZAR/MGA exchange rate

Quick reference: ZAR to MGA

Real cost of ZAR → MGA

Estimated savings

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Currency snapshots