What is the current MGA to INR exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0230 INR. 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 INR 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 INR?

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

Convert Malagasy Ariaries to Indian Rupees and compare the real cost of sending money.

You send

MGA

They receive

INR

1 MGA = 0.0230 INR • Mid-market rate

Updated just now

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Historical MGA/INR exchange rate

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

Quick reference: MGA to INR

1 MGA → 0.02 INR

5 MGA → 0.12 INR

10 MGA → 0.23 INR

50 MGA → 1.15 INR

100 MGA → 2.30 INR

500 MGA → 11.50 INR

1,000 MGA → 23.01 INR

5,000 MGA → 115.03 INR

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

INR — Indian Rupee

ISO Code INR

Symbol ₹

Central Bank Reserve Bank of India

Common Notes ₹5, ₹10, ₹20, ₹50, ₹100, ₹500, ₹1000

Learn more about INR

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

Convert MGA to INR — live rate

Historical MGA/INR exchange rate

Quick reference: MGA to INR

Real cost of MGA → INR

Estimated savings

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Currency snapshots