Convert GTQ to MGA — live rate

Convert Guatemalan Quetzals to Malagasy Ariaries and compare the real cost of sending money.

GTQ
MGA
1 GTQ = 541.4870 MGA • Mid-market rate
Updated just now
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Historical GTQ/MGA exchange rate

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Rates shown are indicative mid-market rates, updated regularly.

Quick reference: GTQ to MGA

1 GTQ → 541.49 MGA
5 GTQ → 2,707.44 MGA
10 GTQ → 5,414.87 MGA
50 GTQ → 27,074.35 MGA
100 GTQ → 54,148.70 MGA
500 GTQ → 270,743.50 MGA
1,000 GTQ → 541,487.00 MGA
5,000 GTQ → 2,707,435.00 MGA

Real cost of GTQ → MGA

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 GTQ
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

GTQ — Guatemalan Quetzal
ISO Code GTQ
Symbol Q
Central Bank Bank of Guatemala
Common Notes Q1, Q5, Q10, Q20, Q50, Q100, Q200, 50
Learn more about GTQ
MGA — Malagasy Ariary
ISO Code MGA
Central Bank Banque Centrale de Madagascar
Common Notes Ar100, Ar200, Ar500, Ar1000, Ar2000, Ar5000, Ar10000
Learn more about MGA

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.