What is the current GTQ to MGA exchange rate?

The current mid-market exchange rate is 1 GTQ = 541.5090 MGA. This rate is updated in real-time. Banks typically add a 2-3% markup, while specialist providers offer rates closer to the mid-market rate.

How can I get the best GTQ to MGA rate?

To get the best rate, compare FCA-regulated money transfer specialists instead of using your bank. Specialist providers typically charge 0.3-1% vs banks' 2-3% markup. For larger amounts (£1,000+), the savings can be significant.

Is it a good time to convert GTQ to MGA?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the GTQ/MGA rate has moved over time. For large transfers, consider setting up rate alerts or using a forward contract to lock in today's rate.

Convert GTQ to MGA — live rate

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

You send

GTQ

They receive

MGA

1 GTQ = 541.5090 MGA • Mid-market rate

Updated just now

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Historical GTQ/MGA exchange rate

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

Quick reference: GTQ to MGA

1 GTQ → 541.51 MGA

5 GTQ → 2,707.55 MGA

10 GTQ → 5,415.09 MGA

50 GTQ → 27,075.45 MGA

100 GTQ → 54,150.90 MGA

500 GTQ → 270,754.50 MGA

1,000 GTQ → 541,509.00 MGA

5,000 GTQ → 2,707,545.00 MGA

Currency snapshots

GTQ — Guatemalan Quetzal

ISO Code GTQ

Symbol Q

Central Bank Bank of Guatemala

Common Notes Q1, Q5, Q10, Q20, Q50, Q100, Q200, 50

Learn more about GTQ

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.

Convert GTQ to MGA — live rate

Historical GTQ/MGA exchange rate

Quick reference: GTQ to MGA

Real cost of GTQ → MGA

Estimated savings

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Currency snapshots