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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’.
The average USD rate margin offered by OFX is 3.3%.
This average is based on individual USD 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.
The tables below show the best and worst exchange rate margins offered by OFX for US dollar (USD 10K) transactions. Margins show the percentage difference from the mid-market rate.
US dollar (USD) to Malagasy ariary (MGA) market data - latest interbank exchange rate, trend, chart & historic rates.
The outlook for USD/EUR is range-bound, as the rate is close to the 90-day average and remains within the recent standard range.
The USD/JPY outlook is currently bullish-to-range-bound, as it trades above the 90-day average and sits in the upper half of the 3-month range.
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Malagasy ariary across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
| USD | MGA |
|---|
| USD | MGA |
|---|---|
| $ 0.2200 | Ar 1,000 |
| $ 1.1000 | Ar 5,000 |
| $ 4.4000 | Ar 20,000 |
| $ 22.00 | Ar 100,000 |
More amounts
*Converted at the current USD-MGA interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The OFX USD to MGA exchange rate is 4078.43. This is -10.4% compared to the latest USD-MGA mid-market rate 4,549.9.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Malagasy ariary (MGA) rates from different sources before making a conversion.
The above OFX - Dollar 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 USD-MGA mid-rate and the possible savings of using various providers.
View a full list of exchange rates by selecting your Base (from) currency:
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