What is the current MGA to CAD exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0003 CAD. 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 MGA to CAD 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 MGA to CAD?

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

Convert Malagasy Ariaries to Canadian Dollars and compare the real cost of sending money.

You send

MGA

They receive

CAD

1 MGA = 0.0003 CAD • Mid-market rate

Updated just now

Compare transfers for MGA → CAD

No signup required • FCA-regulated providers only

Historical MGA/CAD exchange rate

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

Quick reference: MGA to CAD

1 MGA → 0.00 CAD

5 MGA → 0.00 CAD

10 MGA → 0.00 CAD

50 MGA → 0.02 CAD

100 MGA → 0.03 CAD

500 MGA → 0.15 CAD

1,000 MGA → 0.31 CAD

5,000 MGA → 1.54 CAD

Currency snapshots

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

CAD — Canadian Dollar

ISO Code CAD

Symbol $

Central Bank Bank of Canada

Common Notes $5, $10, $20, $50, $100

Learn more about CAD

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

Convert MGA to CAD — live rate

Historical MGA/CAD exchange rate

Quick reference: MGA to CAD

Real cost of MGA → CAD

Estimated savings

Compare MGA → CAD providers

Currency snapshots