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Foreign Exchange Guide to Madagascar

Read this currency guide to Madagascar with money transfer and travel tips.   [USD/MGA=3532.5]

Madagascar
Country Code:
MG
Domestic Currency:
Malagasy Ariary
Symbol - Code:
Ar MGA
Telephone Prefix:
+261

This is a foreign exchange guide to Madagascar, the Malagasy Ariary currency plus MGA transfers and travel tips.

In this Madagascar currency guide we take a look at :

  1. Malagasy Ariary info - general info about the Malagasy Ariary
  2. Malagasy Ariary in the markets - recent MGA moves and predictions from the FX markets
  3. Travelling in Madagascar - currency & money saving tips
  4. Buying Malagasy Ariary cash online - travel money for Madagascar
  5. Sending money to Madagascar - save on Malagasy Ariary bank transfers to Madagascar
  6. Malagasy Ariary exchange rates - latest & historic exchange rates.

Malagasy Ariary (MGA) general currency information


What is the Malagasy Ariary currency code and symbol?

The three letter currency code for the Malagasy Ariary is MGA and the symbol is Ar.


Which countries use the Malagasy Ariary?

It is the domestic currency in Madagascar.


Malagasy Ariary (MGA) in the markets

The interactive chart below shows the USD to MGA exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-MGA 3 Month chart
Loading USD/MGA Chart
USDMGA currency converter

Travel, Currency and Money saving tips for Madagascar

 

There are money changing facilities (forex bureaux & bank kiosks) available at the major banks in Antananarivo or at the airport on your arrival. You will be able to change money at most main towns and cities. The most accepted foreign currency is the Euro, although the US Dollar is also accepted. There are ATM machines available in the major towns and the most widely accepted card is Visa. All ATMs will only dispense Ariary. There are very few places where credit cards can be used so please only use it as an absolute emergency.

The tourist season startS in April and goes until the end of November. The Whale season around Saint Marie is mid June to mid September, a great time if you have never seen these big mammals in action. June to August is Malagasy winter and it can be chilly on the highlands, but nicely warm towards the coasts and dry. The greatest variety of scenery you will encounter is if you travel from Antananarivo to Tulear. Also called the South route or the National Road Nr7.

Madagascar is very cheap to visit and most travellers will find that their money goes much further than they had expected. A simple double room in a guesthouse usually comes in at around USD $10-15, while a more upmarket hotel will cost about USD $20-30.Food can be found for as little as USD$1 and a full meal with a beer won't set you back more than about USD $5-7 depending on how much you eat..Tap water is never safe to drink in Madagascar and visitors to the country should stick solely to bottled mineral water or boiled/purified water if bottled water is not available. Avoid ice in your drinks as this may have been made with unhygienic water.

 

Travel money for Madagascar

 

Save money and time by Ordering your Malagasy Ariary online from Travelex, you get better rates and can pick up the MGA cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Malagasy Ariary otherwise you may get much worst exchange rates.

   

Madagascar Trip Checklist    

 
  1. Compare MGA travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Madagascar
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Madagascar

When searching around for information on how to get a good exchange rate when sending money to Madagascar you need to start with finding out the latest Malagasy Ariary foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Madagascar

When sending money to Madagascar it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Malagasy Ariary amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted MGA amount will be transfered to the recipient account you specify in Madagascar.

Use our Send to MGA calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Malagasy Ariary deposited into the recipient bank account and less margins and fees kept by the banks!

   

Bank Transfers to Madagascar

Compare Transfer Rates

 

Popular MGA cross rates


MGA/USD - Malagasy Ariary to United States Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.0002721 Week
09 Nov 20180.0002821 Month
12 Jun 20180.0002956 Months
09 Dec 20170.0003131 Year
09 Dec 20160.0003022 Years
10 Dec 20130.0004445 Years
11 Dec 20080.00054210 Years

MGA/EUR - Malagasy Ariary to Euro - 10 Year History

DateExchange RatePeriod
02 Dec 20180.0002391 Week
09 Nov 20180.0002481 Month
12 Jun 20180.0002516 Months
09 Dec 20170.0002651 Year
09 Dec 20160.0002862 Years
10 Dec 20130.0003235 Years
11 Dec 20080.00040810 Years

MGA/GBP - Malagasy Ariary to British Pound Sterling - 10 Year History

DateExchange RatePeriod
02 Dec 20180.0002131 Week
09 Nov 20180.0002171 Month
12 Jun 20180.0002216 Months
09 Dec 20170.0002331 Year
09 Dec 20160.0002412 Years
10 Dec 20130.0002705 Years
11 Dec 20080.00036310 Years

MGA/JPY - Malagasy Ariary to Japanese Yen - 10 Year History

DateExchange RatePeriod
02 Dec 20180.03091 Week
09 Nov 20180.03211 Month
12 Jun 20180.03266 Months
09 Dec 20170.03551 Year
09 Dec 20160.03482 Years
10 Dec 20130.04575 Years
11 Dec 20080.049710 Years

MGA/AUD - Malagasy Ariary to Australian Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.0003681 Week
09 Nov 20180.0003901 Month
12 Jun 20180.0003906 Months
09 Dec 20170.0004161 Year
09 Dec 20160.0004062 Years
10 Dec 20130.0004865 Years
11 Dec 20080.00080810 Years

MGA/CAD - Malagasy Ariary to Canadian Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.0003601 Week
09 Nov 20180.0003721 Month
12 Jun 20180.0003846 Months
09 Dec 20170.0004021 Year
09 Dec 20160.0003992 Years
10 Dec 20130.0004715 Years
11 Dec 20080.00066810 Years

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