Convert MGA to AZN — live rate

Convert Malagasy Ariaries to Azerbaijani Manats and compare the real cost of sending money.

MGA
AZN
1 MGA = 0.0004 AZN • Mid-market rate
Updated just now
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Historical MGA/AZN exchange rate

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

Quick reference: MGA to AZN

1 MGA → 0.00 AZN
5 MGA → 0.00 AZN
10 MGA → 0.00 AZN
50 MGA → 0.02 AZN
100 MGA → 0.04 AZN
500 MGA → 0.20 AZN
1,000 MGA → 0.41 AZN
5,000 MGA → 2.05 AZN

Real cost of MGA → AZN

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 MGA
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

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
AZN — Azerbaijani Manat
ISO Code AZN
Symbol ман
Central Bank Central Bank of the Republic of Azerbaijan
Common Notes ман1, ман5, ман10, ман20, ман50, ман100
Learn more about AZN

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.