Convert CVE to MGA — live rate

Convert Cape Verdean Escudos to Malagasy Ariaries and compare the real cost of sending money.

CVE
MGA
1 CVE = 45.0568 MGA • Mid-market rate
Updated just now
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Historical CVE/MGA exchange rate

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

Quick reference: CVE to MGA

1 CVE → 45.06 MGA
5 CVE → 225.28 MGA
10 CVE → 450.57 MGA
50 CVE → 2,252.84 MGA
100 CVE → 4,505.68 MGA
500 CVE → 22,528.40 MGA
1,000 CVE → 45,056.80 MGA
5,000 CVE → 225,284.00 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

CVE — Cape Verdean Escudo
ISO Code CVE
Central Bank Bank of Cape Verde
Common Notes $200, $500, $1000, $2000, $2500, $5000
Learn more about CVE
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.