Convert MAD to MGA — live rate

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

MAD
MGA
1 MAD = 442.7400 MGA • Mid-market rate
Updated just now
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Historical MAD/MGA exchange rate

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

Quick reference: MAD to MGA

1 MAD → 442.74 MGA
5 MAD → 2,213.70 MGA
10 MAD → 4,427.40 MGA
50 MAD → 22,137.00 MGA
100 MAD → 44,274.00 MGA
500 MAD → 221,370.00 MGA
1,000 MAD → 442,740.00 MGA
5,000 MAD → 2,213,700.00 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

MAD — Moroccan Dirham
ISO Code MAD
Central Bank Bank Al-Maghrib
Common Notes 20, 50, 100, 200
Learn more about MAD
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.