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USD to MGA - Compare Exchange Rates

United States 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.

 

USD to MGA mid-rate = 3580.4065

Right now the USD/MGA market mid-rate is 3580.4065 and represents ideally how many Malagasy Ariary you can get for one United States Dollar.

This USD/MGA Converter calculates equivalent United States Dollar to Malagasy Ariary amounts at the market mid-rate:

USD / MGA mid-rate converter


$USD


ArMGA
1 United States Dollar equals
3580.4065 Malagasy Ariary

Compare how much you can save on
USD/MGA exchange rates for:

Foreign Transfers

 
 
3 Month USD to MGA Chart
Loading USD/MGA rates
Sending to MGA we recommend: WorldRemit WorldRemit

United States Dollar

Malagasy Ariary

1 USD 3,580.41 MGA
5 USD 17,902.03 MGA
10 USD 35,804.07 MGA
20 USD 71,608.13 MGA
50 USD 179,020.33 MGA
100 USD 358,040.65 MGA
250 USD 895,101.63 MGA
500 USD 1,790,203.25 MGA
1,000 USD 3,580,406.50 MGA
2,000 USD 7,160,813.00 MGA
5,000 USD 17,902,032.50 MGA
10,000 USD 35,804,065.00 MGA
50,000 USD 179,020,325.00 MGA
100,000 USD 358,040,650.00 MGA
See more

United States Dollar

Malagasy Ariary

0.0003 USD 1 MGA
0.0014 USD 5 MGA
0.0028 USD 10 MGA
0.0056 USD 20 MGA
0.0140 USD 50 MGA
0.0279 USD 100 MGA
0.0698 USD 250 MGA
0.1395 USD 500 MGA
0.2790 USD 1,000 MGA
0.5580 USD 2,000 MGA
1.3950 USD 5,000 MGA
2.7900 USD 10,000 MGA
13.95 USD 50,000 MGA
27.90 USD 100,000 MGA
See more

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United States Dollar to Malagasy Ariary (USD-MGA) - 10 Year History

The below table shows the historic variation in the USD/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 USD versus other currencies : USD historical charts.

DateExchange RatePeriodChange
17 Feb 20193575.0000Latest
10 Feb 20193551.53401 Week+0.66%
18 Jan 20193610.00001 Month-0.97%
21 Aug 20183302.79826 Months+8.24%
17 Feb 20183130.00001 Year+14.22%
17 Feb 20173166.50002 Years+12.9%
18 Feb 20142327.46835 Years+53.6%
19 Feb 20092000.000010 Years+78.75%

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

The USD/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 USD / 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 USD/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 USD to MGA exchange rate

  1. Know the latest USD/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 United States 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 USD vs MGA, you should pay attention to both United States Dollar and Malagasy Ariary news and forecasts.

United States Dollar (USD) - Market news and forecasts

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

Malagasy Ariary (MGA) - Market news and forecasts

No recent Malagasy Ariary market updates.

Currency News and Forecasts - United States Dollar

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Tough Week for Australian Dollar as RBA Disappoints on Growth, Interest ...