Malagasy Ariary to Euro — MGA to EUR

1 MGA = 0.00019349 EUR
1 EUR = 5,168.23 MGA · Mid-market rate, 07:14 UTC

MGA/EUR Exchange Rate Chart

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

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MGA/EUR Rate Statistics

Metric 7 Days 30 Days 90 Days
High 0.00019588 0.00020134 0.00020214
Low 0.00019327 0.00019327 0.00019327
Average 0.00019446 0.00019641 0.00019846
Change -1.08% -3.32% -3.61%

MGA/EUR Over the Past Year

MGA/EUR is at 0.00019349, 33% of the way between its 52-week low of 0.00018493 (27 Jan 2026) and high of 0.00021057 (13 Mar 2026). It is up 4.1% since 1 January and up 0.1% on a year ago.

52-week high (13 Mar 2026)0.00021057
52-week low (27 Jan 2026)0.00018493
Change since 1 January+4.09%
Change over 1 year+0.10%

Based on daily closing rates over the past 12 months.

MGA to EUR Conversion Table

MGA EUR
MGA 1,000 EUR 0.19
MGA 5,000 EUR 0.97
MGA 10,000 EUR 1.93
MGA 25,000 EUR 4.84
MGA 50,000 EUR 9.67
MGA 100,000 EUR 19.35
MGA 500,000 EUR 96.74

EUR to MGA Conversion Table

EUR MGA
EUR 1 MGA 5,168
EUR 5 MGA 25,841
EUR 10 MGA 51,682
EUR 25 MGA 129,206
EUR 50 MGA 258,411
EUR 100 MGA 516,823
EUR 500 MGA 2,584,113

One Malagasy Ariary is worth 0.00019349 EUR at today's mid-market rate, so 100 MGA converts to 0.02 EUR and 1,000 MGA converts to 0.19 EUR. Over the past 30 days the rate has moved between 0.00019327 and 0.00020134.

Over the past year MGA/EUR has ranged from 0.00018493 (27 January 2026) to 0.00021057 (13 March 2026). Its biggest one-day move in that time was a rise of 2.20% on 26 February 2026. For longer context, five years ago one MGA bought about 0.00022267 EUR; ten years ago, about 0.00029079.

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 MGA to EUR exchange rate today?
The mid-market rate is 1 MGA = 0.00019349 EUR, so 100 MGA converts to 0.02 EUR. The rate updates every minute.
What was the highest MGA to EUR rate in the past year?
The highest daily closing rate in the past 12 months was 0.00021057 on 13 March 2026. The lowest was 0.00018493 on 27 January 2026.
How much has MGA/EUR changed this year?
MGA/EUR is up 4.1% since 1 January, and up 0.1% on a year ago.
What was the MGA to EUR rate five years ago?
About 0.00022267 EUR per MGA. Today's rate of 0.00019349 is down 13.1% on that.
Why is my bank's MGA to EUR rate different?
The rate on this page is the mid-market rate: the midpoint between what buyers and sellers of MGA and EUR 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 MGA transfer, the difference between a 3% and a 0.5% margin is 1,250 MGA. 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.

Malagasy Ariary (MGA) exchange rates

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Euro (EUR) exchange rates

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