What is the current MAD to MGA exchange rate?

The current mid-market exchange rate is 1 MAD = 449.8810 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 MAD 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 MAD to MGA?

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

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

You send

MAD

They receive

MGA

1 MAD = 449.8810 MGA • Mid-market rate

Updated just now

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Historical MAD/MGA exchange rate

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

Quick reference: MAD to MGA

1 MAD → 449.88 MGA

5 MAD → 2,249.40 MGA

10 MAD → 4,498.81 MGA

50 MAD → 22,494.05 MGA

100 MAD → 44,988.10 MGA

500 MAD → 224,940.50 MGA

1,000 MAD → 449,881.00 MGA

5,000 MAD → 2,249,405.00 MGA

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.

Convert MAD to MGA — live rate

Historical MAD/MGA exchange rate

Quick reference: MAD to MGA

Real cost of MAD → MGA

Estimated savings

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Currency snapshots