Convert EUR to MGA — live rate

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

EUR
MGA
1 EUR = 4806.7900 MGA • Mid-market rate
Updated just now
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Historical EUR/MGA exchange rate

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

Quick reference: EUR to MGA

1 EUR → 4,806.79 MGA
5 EUR → 24,033.95 MGA
10 EUR → 48,067.90 MGA
50 EUR → 240,339.50 MGA
100 EUR → 480,679.00 MGA
500 EUR → 2,403,395.00 MGA
1,000 EUR → 4,806,790.00 MGA
5,000 EUR → 24,033,950.00 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

EUR — Euro
ISO Code EUR
Symbol €
Central Bank European Central Bank
Common Notes €5, €10, €20, €50, €100
Learn more about EUR
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.