What is the current ISK to MGA exchange rate?

The current mid-market exchange rate is 1 ISK = 33.3470 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 ISK 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 ISK to MGA?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the ISK/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 ISK to MGA — live rate

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

You send

ISK

They receive

MGA

1 ISK = 33.3470 MGA • Mid-market rate

Updated just now

Compare transfers for ISK → MGA

No signup required • FCA-regulated providers only

Historical ISK/MGA exchange rate

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

Quick reference: ISK to MGA

1 ISK → 33.35 MGA

5 ISK → 166.74 MGA

10 ISK → 333.47 MGA

50 ISK → 1,667.35 MGA

100 ISK → 3,334.70 MGA

500 ISK → 16,673.50 MGA

1,000 ISK → 33,347.00 MGA

5,000 ISK → 166,735.00 MGA

Currency snapshots

ISK — Icelandic Króna

ISO Code ISK

Symbol kr

Central Bank Central Bank of Iceland

Common Notes kr500, kr1000, kr2000, kr5000

Learn more about ISK

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 ISK to MGA — live rate

Historical ISK/MGA exchange rate

Quick reference: ISK to MGA

Real cost of ISK → MGA

Estimated savings

Compare ISK → MGA providers

Currency snapshots