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AUD to MGA - Compare Exchange Rates

Australian Dollar to Malagasy Ariary - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AUD to MGA interbank exchange rate = 2507.6843

Right now the AUD/MGA interbank exchange rate is 2507.6843. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Malagasy Ariary to Australian Dollar.

This AUD/MGA Converter calculates equivalent Australian Dollar to Malagasy Ariary amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

AUD / MGA converter & margin calculator


$AUD
ArMGA
Mid-rates:
 
Sending AUD->MGA we recommend:

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1 Week AUD to MGA
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Australian Dollar

Malagasy Ariary

1 AUD 2,507.68 MGA
5 AUD 12,538.42 MGA
10 AUD 25,076.84 MGA
20 AUD 50,153.69 MGA
50 AUD 125,384.22 MGA
100 AUD 250,768.43 MGA
250 AUD 626,921.08 MGA
500 AUD 1,253,842.15 MGA
1,000 AUD 2,507,684.30 MGA
2,000 AUD 5,015,368.60 MGA
5,000 AUD 12,538,421.50 MGA
10,000 AUD 25,076,843.00 MGA
50,000 AUD 125,384,215.00 MGA
100,000 AUD 250,768,430.00 MGA
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Australian Dollar

Malagasy Ariary

0.0004 AUD 1 MGA
0.0020 AUD 5 MGA
0.0040 AUD 10 MGA
0.0080 AUD 20 MGA
0.0200 AUD 50 MGA
0.0399 AUD 100 MGA
0.0998 AUD 250 MGA
0.1995 AUD 500 MGA
0.3990 AUD 1,000 MGA
0.7980 AUD 2,000 MGA
1.9950 AUD 5,000 MGA
3.9900 AUD 10,000 MGA
19.95 AUD 50,000 MGA
39.90 AUD 100,000 MGA
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Australian Dollar to Malagasy Ariary (AUD-MGA) - 10 Year History

The below table shows the historic variation in the AUD/MGA exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of AUD versus other currencies : AUD historical charts.

DateExchange RatePeriodChange
19 Mar 20192519.3820Latest
12 Mar 20192497.64981 Week+0.87%
17 Feb 20192559.97201 Month-1.59%
20 Sep 20182488.10206 Months+1.26%
19 Mar 20182429.19001 Year+3.71%
19 Mar 20172538.59782 Years-0.76%
20 Mar 20142121.86325 Years+18.73%
21 Mar 20091323.879710 Years+90.3%

Why can't I just get the AUD/MGA market rate I see on Google or in the Media?

The AUD/MGA mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / MGA was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market AUD/MGA midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good AUD to MGA exchange rate

  1. Know the latest AUD/MGA market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Australian Dollar and Malagasy Ariary

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs MGA, you should pay attention to both Australian Dollar and Malagasy Ariary news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Malagasy Ariary (MGA) - Market news and forecasts

No recent Malagasy Ariary market updates.

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