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MGA to EUR Exchange Rates & Currency Deals

MGA-EUR Rate Calculator

 
 
   

Understanding the Table:

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

 
 
   

MGA to EUR Market Data

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

 
Sell MGA   →   Buy EUR
1 MGA = 0.000193 EUR
+0.5% since yesterday
MGA to EUR at 0.000193 is 1.0% below its 3-month average of 0.000195, having traded in a quite stable 5.2% range from 0.000191 to 0.000201
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Tracker

Is the MGA to EUR Exchange Rate Likely to Improve?

Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Malagasy ariary against the Euro is to review how the MGA/EUR rate has changed over time.

The table below shows the percentage change in the MGA to EUR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:

DateMGA/EURPeriod
14 Jun 2025
0.000193
2 Week
30 Mar 2025
0.000199
3 Month
28 Jun 2024
0.000208
1 Year
29 Jun 2020
0.000230
5 Year
01 Jul 2015
0.000279
10 Year
MGA/EUR historic rates
 

MGA to EUR 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 Malagasy ariary are worth in Euro across a range of amounts.

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

MGA EUR
Ar 1 0.0002
Ar 5 0.0010
Ar 10 0.0019
Ar 20 0.0039
Ar 50 0.0097
Ar 100 0.0193
Ar 250 0.0483
Ar 500 0.0965
Ar 1,000 0.1930
Ar 2,000 0.3860
Ar 5,000 0.9650
Ar 10,000 1.9300
Ar 20,000 3.8600
Ar 50,000 9.6500
Ar 100,000 19.30
MGA EUR
Ar 5.0000 € 1
Ar 25.00 € 5
Ar 50.00 € 10
Ar 100.00 € 20
Ar 250.00 € 50
Ar 500.00 € 100
Ar 1,250 € 250
Ar 2,500 € 500
Ar 5,000 € 1,000
Ar 10,000 € 2,000
Ar 25,000 € 5,000
Ar 50,000 € 10,000
Ar 100,000 € 20,000
Ar 250,000 € 50,000
Ar 500,000 € 100,000

More amounts

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

 
   

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