Convert GEL to MGA — live rate

Convert Georgian Laris to Malagasy Ariaries and compare the real cost of sending money.

GEL
MGA
1 GEL = 1536.9100 MGA • Mid-market rate
Updated just now
Compare transfers for GEL → MGA
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Historical GEL/MGA exchange rate

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

Quick reference: GEL to MGA

1 GEL → 1,536.91 MGA
5 GEL → 7,684.55 MGA
10 GEL → 15,369.10 MGA
50 GEL → 76,845.50 MGA
100 GEL → 153,691.00 MGA
500 GEL → 768,455.00 MGA
1,000 GEL → 1,536,910.00 MGA
5,000 GEL → 7,684,550.00 MGA

Real cost of GEL → MGA

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 GEL
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

GEL — Georgian Lari
ISO Code GEL
Central Bank National Bank of Georgia
Common Notes 1, 2, 5, 10, 20, 50, 100, 200
Learn more about GEL
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.