What is the current MGA to BDT exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0295 BDT. 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 MGA to BDT 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 MGA to BDT?

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

Convert Malagasy Ariaries to Bangladeshi Takas and compare the real cost of sending money.

You send

MGA

They receive

BDT

1 MGA = 0.0295 BDT • Mid-market rate

Updated just now

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Historical MGA/BDT exchange rate

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

Quick reference: MGA to BDT

1 MGA → 0.03 BDT

5 MGA → 0.15 BDT

10 MGA → 0.30 BDT

50 MGA → 1.48 BDT

100 MGA → 2.95 BDT

500 MGA → 14.77 BDT

1,000 MGA → 29.54 BDT

5,000 MGA → 147.68 BDT

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

BDT — Bangladeshi Taka

ISO Code BDT

Central Bank Bangladesh Bank

Common Notes Tk2, Tk5, Tk10, Tk20, Tk50, Tk100, Tk500, Tk1000

Learn more about BDT

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

Convert MGA to BDT — live rate

Historical MGA/BDT exchange rate

Quick reference: MGA to BDT

Real cost of MGA → BDT

Estimated savings

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Currency snapshots