Malagasy Ariary to South African Rand — MGA to ZAR

1 MGA = 0.00355839 ZAR
1 ZAR = 281.03 MGA · Mid-market rate, 05:00 UTC

MGA/ZAR Exchange Rate Chart

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

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MGA/ZAR Rate Statistics

Metric 7 Days 30 Days 90 Days
High 0.0036415 0.0037593 0.0037806
Low 0.0035582 0.0035582 0.0035582
Average 0.0036202 0.0036428 0.0036981
Change -1.72% -4.90% -4.94%

MGA/ZAR Over the Past Year

MGA/ZAR is at 0.0035584, 10% of the way between its 52-week low of 0.0034949 (28 Jan 2026) and high of 0.0041166 (30 Mar 2026). It is down 1.3% since 1 January and down 8.1% on a year ago.

52-week high (30 Mar 2026)0.0041166
52-week low (28 Jan 2026)0.0034949
Change since 1 January-1.30%
Change over 1 year-8.06%

Based on daily closing rates over the past 12 months.

MGA to ZAR Conversion Table

MGA ZAR
MGA 1,000 ZAR 3.56
MGA 5,000 ZAR 17.79
MGA 10,000 ZAR 35.58
MGA 25,000 ZAR 88.96
MGA 50,000 ZAR 177.92
MGA 100,000 ZAR 355.84
MGA 500,000 ZAR 1,779.19

ZAR to MGA Conversion Table

ZAR MGA
ZAR 10 MGA 2,810
ZAR 50 MGA 14,051
ZAR 100 MGA 28,103
ZAR 250 MGA 70,257
ZAR 500 MGA 140,513
ZAR 1,000 MGA 281,026
ZAR 5,000 MGA 1,405,131

One Malagasy Ariary is worth 0.0035584 ZAR at today's mid-market rate, so 100 MGA converts to 0.36 ZAR and 1,000 MGA converts to 3.56 ZAR. Over the past 30 days the rate has moved between 0.0035582 and 0.0037593.

Over the past year MGA/ZAR has ranged from 0.0034949 (28 January 2026) to 0.0041166 (30 March 2026). Its biggest one-day move in that time was a rise of 4.11% on 3 March 2026. For longer context, five years ago one MGA bought about 0.0039046 ZAR; ten years ago, about 0.0044489.

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 ZAR exchange rate today?
The mid-market rate is 1 MGA = 0.0035584 ZAR, so 100 MGA converts to 0.36 ZAR. The rate updates every minute.
What was the highest MGA to ZAR rate in the past year?
The highest daily closing rate in the past 12 months was 0.0041166 on 30 March 2026. The lowest was 0.0034949 on 28 January 2026.
How much has MGA/ZAR changed this year?
MGA/ZAR is down 1.3% since 1 January, and down 8.1% on a year ago.
What was the MGA to ZAR rate five years ago?
About 0.0039046 ZAR per MGA. Today's rate of 0.0035584 is down 8.9% on that.
Why is my bank's MGA to ZAR rate different?
The rate on this page is the mid-market rate: the midpoint between what buyers and sellers of MGA and ZAR 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 →

South African Rand (ZAR) exchange rates

All ZAR exchange rates →