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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 interbank exchange rate = 3623.4026

Right now the USD/MGA interbank exchange rate is 3623.4026. 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 United States Dollar.

This USD/MGA Converter calculates equivalent United States 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.

USD / MGA converter & margin calculator


$USD
ArMGA
Mid-rates:
 

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Sending USD->MGA we recommend:

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1 Week USD to MGA
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United States Dollar

Malagasy Ariary

1 USD 3,623.40 MGA
5 USD 18,117.01 MGA
10 USD 36,234.03 MGA
20 USD 72,468.05 MGA
50 USD 181,170.13 MGA
100 USD 362,340.26 MGA
250 USD 905,850.65 MGA
500 USD 1,811,701.30 MGA
1,000 USD 3,623,402.60 MGA
2,000 USD 7,246,805.20 MGA
5,000 USD 18,117,013.00 MGA
10,000 USD 36,234,026.00 MGA
50,000 USD 181,170,130.00 MGA
100,000 USD 362,340,260.00 MGA
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United States Dollar

Malagasy Ariary

0.0003 USD 1 MGA
0.0014 USD 5 MGA
0.0028 USD 10 MGA
0.0055 USD 20 MGA
0.0138 USD 50 MGA
0.0276 USD 100 MGA
0.0690 USD 250 MGA
0.1380 USD 500 MGA
0.2760 USD 1,000 MGA
0.5520 USD 2,000 MGA
1.3800 USD 5,000 MGA
2.7600 USD 10,000 MGA
13.80 USD 50,000 MGA
27.60 USD 100,000 MGA
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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
22 Apr 20193555.0000Latest
15 Apr 20193577.16841 Week-0.62%
23 Mar 20193547.17601 Month+0.22%
24 Oct 20183487.50006 Months+1.94%
22 Apr 20183210.93331 Year+10.72%
22 Apr 20173181.55002 Years+11.74%
23 Apr 20142376.30675 Years+49.6%
24 Apr 20092049.179310 Years+73.48%

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

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Malagasy Ariary (MGA) - Market news and forecasts

No recent Malagasy Ariary market updates.