Malagasy Ariary to Indian Rupee — MGA to INR

1 MGA = 0.02057782 INR
1 INR = 48.596 MGA · Mid-market rate, 07:30 UTC

MGA/INR Exchange Rate Chart

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

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MGA/INR Rate Statistics

Metric 7 Days 30 Days 90 Days
High 0.02076 0.021784 0.022276
Low 0.020524 0.020524 0.020524
Average 0.020652 0.020963 0.021632
Change -0.87% -5.14% -6.86%

MGA/INR Over the Past Year

MGA/INR is at 0.020578, 29% of the way between its 52-week low of 0.019535 (7 Jan 2026) and high of 0.02313 (19 May 2026). It is up 4.9% since 1 January and up 4.6% on a year ago.

52-week high (19 May 2026)0.02313
52-week low (7 Jan 2026)0.019535
Change since 1 January+4.86%
Change over 1 year+4.57%

Based on daily closing rates over the past 12 months.

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

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

One Malagasy Ariary is worth 0.020578 INR at today's mid-market rate, so 100 MGA converts to 2.06 INR and 1,000 MGA converts to 20.58 INR. Over the past 30 days the rate has moved between 0.020524 and 0.021784.

Over the past year MGA/INR has ranged from 0.019535 (7 January 2026) to 0.02313 (19 May 2026). Its biggest one-day move in that time was a rise of 2.16% on 26 February 2026. For longer context, five years ago one MGA bought about 0.018709 INR; ten years ago, about 0.021195.

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 INR exchange rate today?
The mid-market rate is 1 MGA = 0.020578 INR, so 100 MGA converts to 2.06 INR. The rate updates every minute.
What was the highest MGA to INR rate in the past year?
The highest daily closing rate in the past 12 months was 0.02313 on 19 May 2026. The lowest was 0.019535 on 7 January 2026.
How much has MGA/INR changed this year?
MGA/INR is up 4.9% since 1 January, and up 4.6% on a year ago.
What was the MGA to INR rate five years ago?
About 0.018709 INR per MGA. Today's rate of 0.020578 is up 10.0% on that.
Why is my bank's MGA to INR rate different?
The rate on this page is the mid-market rate: the midpoint between what buyers and sellers of MGA and INR 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

All MGA exchange rates →

Indian Rupee (INR) exchange rates

All INR exchange rates →