Convert GIP to MGA — live rate

Convert Gibraltar Pounds to Malagasy Ariaries and compare the real cost of sending money.

GIP
MGA
1 GIP = 5848.1400 MGA • Mid-market rate
Updated just now
Compare transfers for GIP → MGA
No signup required • FCA-regulated providers only

Historical GIP/MGA exchange rate

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

Quick reference: GIP to MGA

1 GIP → 5,848.14 MGA
5 GIP → 29,240.70 MGA
10 GIP → 58,481.40 MGA
50 GIP → 292,407.00 MGA
100 GIP → 584,814.00 MGA
500 GIP → 2,924,070.00 MGA
1,000 GIP → 5,848,140.00 MGA
5,000 GIP → 29,240,700.00 MGA

Real cost of GIP → 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 GIP
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

GIP — Gibraltar Pound
ISO Code GIP
Symbol £
Central Bank Government of Gibraltar
Common Notes £5, £10, £20, £50, £100
Learn more about GIP
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.