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MGA to INR Exchange Rates & Currency Deals

MGA-INR 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 INR Market Data

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

 
Sell MGA   →   Buy INR
1 MGA = 0.019714 INR
1d−1.1%
30dLows
MGA to INR is at 30-day lows near 0.019696, just 0.7% below its 3-month average of 0.019844, having traded in a quite stable 5.7% range from 0.019385 to 0.020481
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Tracker

Is the MGA to INR 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 Indian rupee is to review how the MGA/INR rate has changed over time.

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

DateMGA/INRPeriod
06 Dec 2025
0.0202
2 Week
21 Sep 2025
0.0199
3 Month
20 Dec 2024
0.0180
1 Year
21 Dec 2020
0.0198
5 Year
23 Dec 2015
0.0206
10 Year
MGA/INR historic rates

Currency Forecasts related to MGA/INR

USD to INR 2025 Forecasts

The USD to INR exchange rate remains under pressure, influenced by recent trends in both the US dollar and the Indian rupee.

Read forecast

EUR to INR 2025 Forecasts

The EUR to INR exchange rate has shown recent volatility, currently sitting at 7-day lows near 104.9.

Read forecast

INR to GBP 2025 Forecasts

The recent forecasts for the INR to GBP exchange rate reflect a complex interplay between a strengthening British pound and a depreciating Indian rupee.

Read forecast

 

MGA to INR 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 Indian rupee 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 INR
Ar 1 0.0197
Ar 5 0.0986
Ar 10 0.1971
Ar 20 0.3943
Ar 50 0.9857
Ar 100 1.9714
Ar 250 4.9285
Ar 500 9.8570
Ar 1,000 19.71
Ar 2,000 39.43
Ar 5,000 98.57
Ar 10,000 197.14
Ar 20,000 394.28
Ar 50,000 985.70
Ar 100,000 1,971
MGA INR
Ar 50.72 ₹ 1
Ar 253.60 ₹ 5
Ar 507.20 ₹ 10
Ar 1,014 ₹ 20
Ar 2,536 ₹ 50
Ar 5,072 ₹ 100
Ar 12,680 ₹ 250
Ar 25,360 ₹ 500
Ar 50,720 ₹ 1,000
Ar 101,440 ₹ 2,000
Ar 253,600 ₹ 5,000
Ar 507,200 ₹ 10,000
Ar 1,014,400 ₹ 20,000
Ar 2,536,000 ₹ 50,000
Ar 5,072,000 ₹ 100,000

More amounts

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

 
   

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