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OFX GBP to MGA Transfers Compared

GBP-MGA Rate Calculator

 
   
   
   
   
 
   

Understanding the Table:

The comparison table above helps you see the total cost of your OFX 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’.

 
 

OFX - GBP Rate Margin Analysis

The average GBP rate margin offered by OFX is 3.0%.

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

💡  It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.

 

OFX - Best and Worst Value Rates

The tables below show the best and worst exchange rate margins offered by OFX for British pound (GBP 10K) transactions. Margins show the percentage difference from the mid-market rate.

OFX Best Value Rates (Lowest Margins)

Currency Pair OFX Rate Mid Market Rate Margin
GBP/USD 1.3259 1.3431 1.3%
GBP/AUD 2.0360 2.0629 1.3%
GBP/HKD 10.28 10.43 1.4%
GBP/EUR 1.1350 1.1517 1.4%
GBP/CAD 1.8546 1.8819 1.5%

OFX Worst Value Rates (Highest Margins)

Currency Pair OFX Rate Mid Market Rate Margin
GBP/TOP 2.8689 3.2339 11.3%
GBP/SBD 9.8903 11.06 10.6%
GBP/MGA 5,384.03 5,986.71 10.1%
GBP/PGK 5.3197 5.7403 7.3%
GBP/PEN 4.3429 4.5570 4.7%
 
   

GBP to MGA Market Data

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

 
Sell GBP   →   Buy MGA
1 GBP = 6,222.1 MGA
1d+0.4%
30dLows
GBP to MGA at 6144 is 2.0% above its 3-month average of 6025, having traded in a relatively stable 6.7% range from 5839 to 6228
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Tracker

Currency Forecasts related to GBP/MGA

GBP to USD 2026 Forecasts

GBP/USD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average and within its stable range.

Read forecast

GBP to EUR 2026 Forecasts

GBP/EUR Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average but lacks a clear supporting driver.

Read forecast

GBP to JPY 2026 Forecasts

GBP/JPY Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average yet lacks a clear driver for further movement.

Read forecast

 

GBP 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 British pound are worth in Malagasy ariary across a range of amounts.

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

GBP MGA
GBP MGA
£ 0.0002 Ar 1
£ 0.0008 Ar 5
£ 0.0016 Ar 10
£ 0.0032 Ar 20
£ 0.0081 Ar 50
£ 0.0161 Ar 100
£ 0.0403 Ar 250
£ 0.0805 Ar 500
£ 0.1610 Ar 1,000
£ 0.3220 Ar 2,000
£ 0.8050 Ar 5,000
£ 1.6100 Ar 10,000
£ 3.2200 Ar 20,000
£ 8.0500 Ar 50,000
£ 16.10 Ar 100,000

More amounts

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

 
 

What is the OFX Send Money conversion rate for GBP to MGA?

The OFX GBP to MGA exchange rate is 5595.68. This is -10.1% compared to the latest GBP-MGA mid-market rate 6,222.1.

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

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

 

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