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Wise EUR to MGA Transfers Compared

EUR-MGA Rate Calculator

 
   
   
   
   
 
   

Understanding the Table:

The comparison table above helps you see the total cost of your Wise currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.

To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.

 
 

Wise - EUR Rate Margin Analysis

The average EUR rate margin offered by Wise is 0.62%.

This average is based on individual EUR 10K transfer rates in the currency pairs from Wise that we monitor.

 

Wise - Best and Worst Value Rates

The tables below show the best and worst exchange rate margins offered by Wise for Euro (EUR 10K) transactions. Margins show the percentage difference from the mid-market rate.

Wise Best Value Rates (Lowest Margins)

Currency Pair Wise Rate Mid Market Rate Margin
EUR/MGA 5,328.62 5,328.03 0.0%
EUR/IDR 19,871.62 19,912.12 0.2%
EUR/PKR 330.28 329.53 -0.2%
EUR/PGK 5.0245 5.0371 0.2%
EUR/CHF 0.9194 0.9219 0.3%

Wise Worst Value Rates (Highest Margins)

Currency Pair Wise Rate Mid Market Rate Margin
EUR/FJD 2.5695 2.6708 3.8%
EUR/TOP 2.7546 2.8577 3.6%
EUR/MAD 10.60 10.79 1.7%
EUR/PEN 3.9041 3.9511 1.2%
EUR/KWD 0.3595 0.3627 0.9%
 
   

EUR to MGA Market Data

Euro (EUR) to Malagasy ariary (MGA) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell EUR   →   Buy MGA
1 EUR = 5,348.3 MGA
1d+0.3%▲
 
EUR to MGA at 5348 is 1.4% above its 3-month average of 5275, having traded in a quite stable 4.9% range from 5149 to 5400
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Tracker
  1 MGA = 0.000187 EUR

Currency Forecasts related to EUR/MGA

EUR to USD 2026 Forecasts

EUR/USD Outlook: Slightly positive, but likely to move sideways, as the rate remains above its recent average but lacks strong drivers for further movement.

Read forecast

EUR to JPY 2026 Forecasts

EUR/JPY Outlook: The outlook for EUR/JPY remains slightly positive but likely to move sideways, as it is above its recent average and well within the recent range.

Read forecast

 

EUR to MGA Conversion: What Is Your Money Worth?

To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Malagasy ariary across a range of amounts.

This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :

EUR MGA
EUR MGA
€ 0.0002 Ar 1
€ 0.0009 Ar 5
€ 0.0019 Ar 10
€ 0.0037 Ar 20
€ 0.0094 Ar 50
€ 0.0187 Ar 100
€ 0.0468 Ar 250
€ 0.0935 Ar 500
€ 0.1870 Ar 1,000
€ 0.3740 Ar 2,000
€ 0.9350 Ar 5,000
€ 1.8700 Ar 10,000
€ 3.7400 Ar 20,000
€ 9.3500 Ar 50,000
€ 18.70 Ar 100,000

More amounts

*Converted at the current EUR-MGA interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the Wise Send Money conversion rate for EUR to MGA?

The Wise EUR to MGA exchange rate is 5331.1. This is -0.32% compared to the latest EUR-MGA mid-market rate 5,348.3.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Euro (EUR) to Malagasy ariary (MGA) rates from different sources before making a conversion.

The above Wise - Euro to Ariary comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise and other foreign exchange providers against the latest EUR-MGA mid-rate and the possible savings of using various providers. 

 

View a full list of exchange rates by selecting your Base (from) currency: