Convert INR to MGA — live rate

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

INR
MGA
1 INR = 44.9967 MGA • Mid-market rate
Updated just now
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Historical INR/MGA exchange rate

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

Quick reference: INR to MGA

1 INR → 45.00 MGA
5 INR → 224.98 MGA
10 INR → 449.97 MGA
50 INR → 2,249.84 MGA
100 INR → 4,499.67 MGA
500 INR → 22,498.35 MGA
1,000 INR → 44,996.70 MGA
5,000 INR → 224,983.50 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

INR — Indian Rupee
ISO Code INR
Symbol ₹
Central Bank Reserve Bank of India
Common Notes ₹5, ₹10, ₹20, ₹50, ₹100, ₹500, ₹1000
Learn more about INR
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.