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 transaction type, details and click ‘GET RATES’.
Malagasy ariary (MGA) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
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 Euro is to review how the MGA/EUR rate has changed over time.
The table below shows the percentage change in the MGA to EUR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
| Date | MGA/EUR | Period |
|---|---|---|
16 Aug 2025 | 0.000192 | 2 Week |
01 Jun 2025 | 0.000193 | 3 Month |
30 Aug 2024 | 0.000198 | 1 Year |
31 Aug 2020 | 0.000218 | 5 Year |
02 Sep 2015 | 0.000272 | 10 Year |
To help you understand the real-world value of the current exchange rate, the table below shows how much Malagasy ariary are worth in Euro 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 | EUR |
|---|---|
| Ar 1,000 | € 0.1940 |
| Ar 5,000 | € 0.9700 |
| Ar 20,000 | € 3.8800 |
| Ar 100,000 | € 19.40 |
| MGA | EUR |
|---|
More amounts
*Converted at the current MGA-EUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best MGA to EUR exchange rate is 0.0002 from WorldRemit. This is 3.1% compared to the mid-market rate 0.000194.
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 Euro (EUR) rates from different sources before making a conversion.
The above Ariary to Euro 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-EUR mid-rate and the possible savings of using various providers.
Looking at the full MGA to EUR - Send Money comparison table the provider with the best MGA to EUR exchange rate is WorldRemit at 0.0002, 3.1% from the latest mid-market rate 0.000194.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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