New Zealand Dollar to Malagasy Ariary — NZD to MGA

1 NZD = 2590.4396 MGA
1 MGA = 0.00038603 NZD · Mid-market rate, 06:21 UTC

NZD/MGA Exchange Rate Chart

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

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NZD/MGA Rate Statistics

Metric 7 Days 30 Days 90 Days
High 2,596.05 2,618.37 2,618.37
Low 2,562.96 2,484.07 2,474.41
Average 2,584.25 2,563.95 2,540.14
Change +0.43% +3.98% +1.99%

NZD/MGA Over the Past Year

NZD/MGA is at 2,590.44, 60% of the way between its 52-week low of 2,376.76 (5 Apr 2026) and high of 2,733.73 (29 Jan 2026). It is down 1.7% since 1 January and up 1.6% on a year ago.

52-week high (29 Jan 2026)2,733.73
52-week low (5 Apr 2026)2,376.76
Change since 1 January-1.74%
Change over 1 year+1.59%

Based on daily closing rates over the past 12 months.

NZD to MGA Conversion Table

NZD MGA
NZD 1 MGA 2,590
NZD 5 MGA 12,952
NZD 10 MGA 25,904
NZD 25 MGA 64,761
NZD 50 MGA 129,522
NZD 100 MGA 259,044
NZD 500 MGA 1,295,220

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 193.02

One New Zealand Dollar is worth 2,590.44 MGA at today's mid-market rate, so 100 NZD converts to 259,044 MGA and 1,000 NZD converts to 2,590,440 MGA. Over the past 30 days the rate has moved between 2,484.07 and 2,618.37.

Over the past year NZD/MGA has ranged from 2,376.76 (5 April 2026) to 2,733.73 (29 January 2026). Its biggest one-day move in that time was a fall of 2.42% on 3 March 2026. For longer context, five years ago one NZD bought about 2,777.84 MGA; ten years ago, about 2,280.10.

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 NZD to MGA exchange rate today?
The mid-market rate is 1 NZD = 2,590.44 MGA, so 100 NZD converts to 259,044 MGA. The rate updates every minute.
What was the highest NZD to MGA rate in the past year?
The highest daily closing rate in the past 12 months was 2,733.73 on 29 January 2026. The lowest was 2,376.76 on 5 April 2026.
How much has NZD/MGA changed this year?
NZD/MGA is down 1.7% since 1 January, and up 1.6% on a year ago.
What was the NZD to MGA rate five years ago?
About 2,777.84 MGA per NZD. Today's rate of 2,590.44 is down 6.7% on that.
Why is my bank's NZD to MGA rate different?
The rate on this page is the mid-market rate: the midpoint between what buyers and sellers of NZD 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 NZD transfer, the difference between a 3% and a 0.5% margin is 1,250 NZD. 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.

New Zealand Dollar (NZD) exchange rates

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Malagasy Ariary (MGA) exchange rates

All MGA exchange rates →