Convert MVR to MGA — live rate

Convert Maldivian Rufiyaas to Malagasy Ariaries and compare the real cost of sending money.

MVR
MGA
1 MVR = 268.8100 MGA • Mid-market rate
Updated just now
Compare transfers for MVR → MGA
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Historical MVR/MGA exchange rate

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

Quick reference: MVR to MGA

1 MVR → 268.81 MGA
5 MVR → 1,344.05 MGA
10 MVR → 2,688.10 MGA
50 MVR → 13,440.50 MGA
100 MVR → 26,881.00 MGA
500 MVR → 134,405.00 MGA
1,000 MVR → 268,810.00 MGA
5,000 MVR → 1,344,050.00 MGA

Real cost of MVR → 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 MVR
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

MVR — Maldivian Rufiyaa
ISO Code MVR
Central Bank Maldives Monetary Authority
Common Notes 5, 10, 20, 50, 100, 200, 500
Learn more about MVR
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.