Indian Rupee to Malagasy Ariary — INR to MGA

1 INR = 48.59601012 MGA
1 MGA = 0.020578 INR · Mid-market rate, 07:30 UTC

INR/MGA Exchange Rate Chart

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

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INR/MGA Rate Statistics

Metric 7 Days 30 Days 90 Days
High 48.7224 48.7224 48.7224
Low 48.1685 45.9055 44.8922
Average 48.4226 47.7147 46.2556
Change +0.87% +5.41% +7.37%

INR/MGA Over the Past Year

INR/MGA is at 48.596, 67% of the way between its 52-week low of 43.234 (19 May 2026) and high of 51.1913 (7 Jan 2026). It is down 4.6% since 1 January and down 4.4% on a year ago.

52-week high (7 Jan 2026)51.1913
52-week low (19 May 2026)43.234
Change since 1 January-4.63%
Change over 1 year-4.37%

Based on daily closing rates over the past 12 months.

INR to MGA Conversion Table

INR MGA
INR 10 MGA 486
INR 50 MGA 2,430
INR 100 MGA 4,860
INR 250 MGA 12,149
INR 500 MGA 24,298
INR 1,000 MGA 48,596
INR 5,000 MGA 242,980

MGA to INR Conversion Table

MGA INR
MGA 1,000 INR 20.58
MGA 5,000 INR 102.89
MGA 10,000 INR 205.78
MGA 25,000 INR 514.45
MGA 50,000 INR 1,028.89
MGA 100,000 INR 2,057.78
MGA 500,000 INR 10,288.91

One Indian Rupee is worth 48.596 MGA at today's mid-market rate, so 100 INR converts to 4,860 MGA and 1,000 INR converts to 48,596 MGA. Over the past 30 days the rate has moved between 45.9055 and 48.7224.

Over the past year INR/MGA has ranged from 43.234 (19 May 2026) to 51.1913 (7 January 2026). Its biggest one-day move in that time was a fall of 2.12% on 26 February 2026. For longer context, five years ago one INR bought about 53.4495 MGA; ten years ago, about 47.1808.

Rates on this page update every minute. They are mid-market rates, which is usually better than the rate a bank or transfer provider will offer you.

Frequently Asked Questions

What is the INR to MGA exchange rate today?
The mid-market rate is 1 INR = 48.596 MGA, so 100 INR converts to 4,860 MGA. The rate updates every minute.
What was the highest INR to MGA rate in the past year?
The highest daily closing rate in the past 12 months was 51.1913 on 7 January 2026. The lowest was 43.234 on 19 May 2026.
How much has INR/MGA changed this year?
INR/MGA is down 4.6% since 1 January, and down 4.4% on a year ago.
What was the INR to MGA rate five years ago?
About 53.4495 MGA per INR. Today's rate of 48.596 is down 9.1% on that.
Why is my bank's INR to MGA rate different?
The rate on this page is the mid-market rate: the midpoint between what buyers and sellers of INR and MGA are paying on the wholesale market. Banks and money transfer providers rarely give you that rate. Most build their profit into the exchange rate itself, quoting you a rate some way below mid-market and often advertising the transfer as "fee free". High-street banks commonly take 2-4% this way; specialist transfer services and brokers usually take much less. The gap matters most on large amounts: on a 50,000 INR transfer, the difference between a 3% and a 0.5% margin is 1,250 INR. Before you send, compare the rate you're offered against the mid-market rate here, and ask for the total amount that will arrive rather than the fee alone.

Indian Rupee (INR) exchange rates

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Malagasy Ariary (MGA) exchange rates

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