Rate direction
US dollar to Malagasy ariary · USD/MGA trend
Review the recent market direction, current mid-market rate and significant movement alerts.
Current mid-market rate
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USD/MGA exchange rate
90-day market context
USD to MGA is at 7-day highs near 4310, 1.7% above its 3-month average of 4238, having traded in a relatively stable 6.1% range from 4155 to 4408
Currency Forecasts related to USD/MGA
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USD to MGA Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Malagasy ariary across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
| USD | MGA |
|---|
| USD | MGA |
|---|---|
| $ 0.2320 | Ar 1,000 |
| $ 1.1600 | Ar 5,000 |
| $ 4.6400 | Ar 20,000 |
| $ 23.20 | Ar 100,000 |
More amounts
*Converted at the current USD-MGA interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the
best Send Money conversion rate for USD to MGA?
The best USD to MGA exchange rate is 4383.65 from Wise. This is 1.9% compared to the mid-market rate 4,303.0.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Malagasy ariary (MGA) rates from different sources before making a conversion.
The above Dollar to Ariary 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 USD-MGA mid-rate and the possible savings of using various providers.
How do USD-MGA rates compare between providers?
Looking at the full USD to MGA - Send Money comparison table the provider with the best USD to MGA exchange rate is Wise at 4383.65, 1.9% from the latest mid-market rate 4,303.0.
The next best is OFX at 3829.38, -11% from the mid-rate.
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.