Convert IQD to MGA — live rate

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

IQD
MGA
1 IQD = 3.1894 MGA • Mid-market rate
Updated just now
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Historical IQD/MGA exchange rate

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

Quick reference: IQD to MGA

1 IQD → 3.19 MGA
5 IQD → 15.95 MGA
10 IQD → 31.89 MGA
50 IQD → 159.47 MGA
100 IQD → 318.94 MGA
500 IQD → 1,594.69 MGA
1,000 IQD → 3,189.38 MGA
5,000 IQD → 15,946.90 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

IQD — Iraqi Dinar
ISO Code IQD
Central Bank Central Bank of Iraq
Common Notes .ع50, د.ع100, د.ع250, د.ع500, د.ع1000, د.ع5000, د.ع10000
Learn more about IQD
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.