Convert MGA to XOF — live rate

Convert Malagasy Ariaries to CFA Franc BCEAOs and compare the real cost of sending money.

MGA
XOF
1 MGA = 0.1225 XOF • Mid-market rate
Updated just now
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Historical MGA/XOF exchange rate

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

Quick reference: MGA to XOF

1 MGA → 0.12 XOF
5 MGA → 0.61 XOF
10 MGA → 1.22 XOF
50 MGA → 6.12 XOF
100 MGA → 12.25 XOF
500 MGA → 61.25 XOF
1,000 MGA → 122.50 XOF
5,000 MGA → 612.50 XOF

Real cost of MGA → XOF

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 MGA
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

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
XOF — CFA Franc BCEAO
ISO Code XOF
Central Bank Bank of Central African States
Common Notes 500, 1000, 2000, 5000, 10,000 francs
Learn more about XOF

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