Malagasy Ariary to New Zealand Dollar — MGA to NZD

1 MGA = 0.00038599 NZD
1 NZD = 2,590.73 MGA · Mid-market rate, 05:31 UTC

MGA/NZD Exchange Rate Chart

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

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MGA/NZD Rate Statistics

Metric 7 Days 30 Days 90 Days
High 0.00039017 0.00040256 0.00040414
Low 0.0003852 0.00038192 0.00038192
Average 0.00038697 0.00039011 0.00039376
Change -0.48% -4.04% -1.97%

MGA/NZD Over the Past Year

MGA/NZD is at 0.00038599, 37% of the way between its 52-week low of 0.0003658 (29 Jan 2026) and high of 0.00042074 (5 Apr 2026). It is up 1.8% since 1 January and down 1.6% on a year ago.

52-week high (5 Apr 2026)0.00042074
52-week low (29 Jan 2026)0.0003658
Change since 1 January+1.76%
Change over 1 year-1.58%

Based on daily closing rates over the past 12 months.

MGA to NZD Conversion Table

MGA NZD
MGA 1,000 NZD 0.39
MGA 5,000 NZD 1.93
MGA 10,000 NZD 3.86
MGA 25,000 NZD 9.65
MGA 50,000 NZD 19.30
MGA 100,000 NZD 38.60
MGA 500,000 NZD 193.00

NZD to MGA Conversion Table

NZD MGA
NZD 1 MGA 2,591
NZD 5 MGA 12,954
NZD 10 MGA 25,907
NZD 25 MGA 64,768
NZD 50 MGA 129,537
NZD 100 MGA 259,073
NZD 500 MGA 1,295,366

One Malagasy Ariary is worth 0.00038599 NZD at today's mid-market rate, so 100 MGA converts to 0.04 NZD and 1,000 MGA converts to 0.39 NZD. Over the past 30 days the rate has moved between 0.00038192 and 0.00040256.

Over the past year MGA/NZD has ranged from 0.0003658 (29 January 2026) to 0.00042074 (5 April 2026). Its biggest one-day move in that time was a rise of 2.48% on 3 March 2026. For longer context, five years ago one MGA bought about 0.00035999 NZD; ten years ago, about 0.00043858.

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 NZD exchange rate today?
The mid-market rate is 1 MGA = 0.00038599 NZD, so 100 MGA converts to 0.04 NZD. The rate updates every minute.
What was the highest MGA to NZD rate in the past year?
The highest daily closing rate in the past 12 months was 0.00042074 on 5 April 2026. The lowest was 0.0003658 on 29 January 2026.
How much has MGA/NZD changed this year?
MGA/NZD is up 1.8% since 1 January, and down 1.6% on a year ago.
What was the MGA to NZD rate five years ago?
About 0.00035999 NZD per MGA. Today's rate of 0.00038599 is up 7.2% on that.
Why is my bank's MGA to NZD rate different?
The rate on this page is the mid-market rate: the midpoint between what buyers and sellers of MGA and NZD 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 →

New Zealand Dollar (NZD) exchange rates

All NZD exchange rates →