Convert AMD to MGA — live rate

Convert Armenian Drams to Malagasy Ariaries and compare the real cost of sending money.

AMD
MGA
1 AMD = 11.9451 MGA • Mid-market rate
Updated just now
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Historical AMD/MGA exchange rate

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

Quick reference: AMD to MGA

1 AMD → 11.95 MGA
5 AMD → 59.73 MGA
10 AMD → 119.45 MGA
50 AMD → 597.26 MGA
100 AMD → 1,194.51 MGA
500 AMD → 5,972.55 MGA
1,000 AMD → 11,945.10 MGA
5,000 AMD → 59,725.50 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

AMD — Armenian Dram
ISO Code AMD
Central Bank Central Bank of Armenia
Common Notes 500, 1000, 5000, 10000, 20000, 50000, 100000
Learn more about AMD
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.