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MGA to CAD Exchange Rates & Currency Deals

MGA-CAD 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 details and click ‘Get Rates’.

 
 
   

MGA to CAD Market Data

Malagasy ariary (MGA) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell MGA   →   Buy CAD
1 MGA = 0.000301 CAD
MGA to CAD at 0.000301 is 2.0% below its 3-month average of 0.000307, having traded in a quite stable 4.3% range from 0.000300 to 0.000313
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Tracker

  1 CAD = 3,317.8 MGA

Is the MGA to CAD 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 Canadian dollar is to review how the MGA/CAD rate has changed over time.

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

DateMGA/CADPeriod
17 May 2025
0.000308
2 Week
02 Mar 2025
0.000303
3 Month
31 May 2024
0.000307
1 Year
01 Jun 2020
0.000357
5 Year
03 Jun 2015
0.000394
10 Year
MGA/CAD historic rates
 

MGA to CAD 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 Canadian dollar 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 CAD
Ar 1 C$ 0.0003
Ar 5 C$ 0.0015
Ar 10 C$ 0.0030
Ar 20 C$ 0.0060
Ar 50 C$ 0.0151
Ar 100 C$ 0.0301
Ar 250 C$ 0.0753
Ar 500 C$ 0.1505
Ar 1,000 C$ 0.3010
Ar 2,000 C$ 0.6020
Ar 5,000 C$ 1.5050
Ar 10,000 C$ 3.0100
Ar 20,000 C$ 6.0200
Ar 50,000 C$ 15.05
Ar 100,000 C$ 30.10
MGA CAD
Ar 3.0000 C$ 1
Ar 15.00 C$ 5
Ar 30.00 C$ 10
Ar 60.00 C$ 20
Ar 150.00 C$ 50
Ar 300.00 C$ 100
Ar 750.00 C$ 250
Ar 1,500 C$ 500
Ar 3,000 C$ 1,000
Ar 6,000 C$ 2,000
Ar 15,000 C$ 5,000
Ar 30,000 C$ 10,000
Ar 60,000 C$ 20,000
Ar 150,000 C$ 50,000
Ar 300,000 C$ 100,000

More amounts

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

 
 

What is the best Send Money conversion rate for MGA to CAD?

The best MGA to CAD exchange rate is 0.0003 from WorldRemit. This is -0.33% compared to the mid-market rate 0.000301.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malagasy ariary (MGA) to Canadian dollar (CAD) rates from different sources before making a conversion.

The above Ariary to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest MGA-CAD mid-rate and the possible savings of using various providers. 

How do MGA-CAD rates compare between providers?

Looking at the full comparison table the best MGA to CAD exchange rate is 0.0003 from WorldRemit, -0.33% from the mid-market rate 0.000301.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

Compare MGA to CAD Transfer Rates

   

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