Malagasy Ariary (MGA) Exchange Rates

The Malagasy Ariary (MGA) is the currency of Madagascar. Amounts are normally quoted in whole units, with no decimal places.

Against the US dollar, USD/MGA is at 4,590.00. It is up 0.2% since 1 January, meaning the Malagasy Ariary has weakened against the US dollar.

USD to MGA converter →

USD/MGA Exchange Rate Chart

1D | 1W | 1M | 3M | 6M | 1Y | 2Y | 5Y | 10Y

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USD/MGA Rate Statistics

Metric 7 Days 30 Days 90 Days
High 4,595.00 4,595.00 4,595.00
Low 4,590.00 4,445.00 4,300.00
Average 4,593.62 4,545.01 4,414.78
Change +0.00% +3.26% +6.50%

USD/MGA Over the Past Year

USD/MGA is at 4,590.00, at or near its highest level of the past year (4,600.00 on 7 Jan 2026). It is up 0.2% since 1 January and up 2.0% on a year ago.

52-week high (7 Jan 2026)4,600.00
52-week low (16 Apr 2026)4,129.00
Change since 1 January+0.22%
Change over 1 year+2.00%

Based on daily closing rates over the past 12 months.

Live mid-market rates for Malagasy Ariary, updated every minute. Rates shown at 04:48 UTC.

Major MGA pairs

Currency 1 MGA =
MGA/USD US Dollar 0.00021786
MGA/EUR Euro 0.00019347
MGA/GBP British Pound 0.0001615
MGA/JPY Japanese Yen 0.034419
MGA/AUD Australian Dollar 0.00031061
MGA/CAD Canadian Dollar 0.00030399
MGA/CHF Swiss Franc 0.00017745
MGA/CNY Chinese Yuan 0.001453
MGA/INR Indian Rupee 0.020576
MGA/NZD New Zealand Dollar 0.00038577
MGA/SGD Singapore Dollar 0.00027806
MGA/HKD Hong Kong Dollar 0.0017089

Other MGA pairs

Currency 1 MGA =
MGA/BRL Brazilian Real 0.0011897
MGA/CZK Czech Koruna 0.0046975
MGA/DKK Danish Krone 0.0014461
MGA/HUF Hungarian Forint 0.070088
MGA/IDR Indonesian Rupiah 3.9399
MGA/KRW South Korean Won 0.29237
MGA/MXN Mexican Peso 0.0040425
MGA/MYR Malaysian Ringgit 0.00088207
MGA/NOK Norwegian Krone 0.0020269
MGA/PHP Philippine Peso 0.013738
MGA/PLN Polish Zloty 0.00084847
MGA/RUB Russian Ruble 0.017822
MGA/SEK Swedish Krona 0.0021131
MGA/THB Thai Baht 0.0072778
MGA/TRY Turkish Lira 0.0109
MGA/TWD New Taiwan Dollar 0.00719
MGA/ZAR South African Rand 0.0035592

Frequently Asked Questions

Which countries use the Malagasy Ariary?
The Malagasy Ariary (MGA) is the currency of Madagascar.
How has the Malagasy Ariary performed this year?
USD/MGA is up 0.2% since 1 January, meaning the Malagasy Ariary has weakened against the US dollar. Over the past 12 months it is up 2.0%.
What was the USD/MGA range over the past year?
Based on daily closing rates, USD/MGA ranged from 4,129.00 to 4,600.00 over the past 12 months, and is at 4,590.00 today.