Convert BMD to MGA — live rate

Convert Bermudan Dollars to Malagasy Ariaries and compare the real cost of sending money.

BMD
MGA
1 BMD = 4534.9100 MGA • Mid-market rate
Updated just now
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Historical BMD/MGA exchange rate

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

Quick reference: BMD to MGA

1 BMD → 4,534.91 MGA
5 BMD → 22,674.55 MGA
10 BMD → 45,349.10 MGA
50 BMD → 226,745.50 MGA
100 BMD → 453,491.00 MGA
500 BMD → 2,267,455.00 MGA
1,000 BMD → 4,534,910.00 MGA
5,000 BMD → 22,674,550.00 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

BMD — Bermudan Dollar
ISO Code BMD
Symbol $
Central Bank Bermuda Monetary Authority
Common Notes $2, $5, $10, $20, $50, $100
Learn more about BMD
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.