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’.
MGA to GBP Market Data
Malagasy ariary (MGA) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell MGA →
Buy GBP
1 MGA = 0.000165 GBP
—
MGA to GBP is at 7-day lows near 0.000165, just 0.6% below its 3-month average of 0.000166, having traded in a quite stable 4.9% range from 0.000162 to 0.000170
Is the MGA to GBP 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 British pound is to review how the MGA/GBP rate has changed over time.
The table below shows the percentage change in the MGA to GBP exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
MGA/GBP
Period
07 Jun 2025
0.000164
2 Week
23 Mar 2025
0.000166
3 Month
21 Jun 2024
0.000177
1 Year
22 Jun 2020
0.000208
5 Year
24 Jun 2015
0.000197
10 Year
MGA/GBP historic rates
MGA to GBP 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 British pound across a range of amounts.
This gives a quick view of what you’d get when converting different MGA amounts at today’s rate * :
What is the
best Send Money conversion rate for MGA to GBP?
The best MGA to GBP exchange rate is 0.0002 from WorldRemit. This is 21.2% compared to the mid-market rate 0.000165.
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 British pound (GBP) rates from different sources before making a conversion.
The above
Ariary to Sterling 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-GBP mid-rate and the possible savings of using various providers.
How do MGA-GBP rates compare between providers?
Looking at the full
MGA to GBP - Send Money comparison table the provider with the best MGA to GBP exchange rate is WorldRemit at 0.0002, 21.2% from the latest mid-market rate 0.000165.
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.