Convert MGA to BGN — live rate

Convert Malagasy Ariaries to Bulgarian Levs and compare the real cost of sending money.

MGA
BGN
1 MGA = 0.0000 BGN • Mid-market rate Rates may be delayed
Updated just now
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Historical MGA/BGN exchange rate

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

Quick reference: MGA to BGN

1 MGA → 0.00 BGN
5 MGA → 0.00 BGN
10 MGA → 0.00 BGN
50 MGA → 0.00 BGN
100 MGA → 0.00 BGN
500 MGA → 0.00 BGN
1,000 MGA → 0.00 BGN
5,000 MGA → 0.00 BGN

Real cost of MGA → BGN

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
BGN — Bulgarian Lev
ISO Code BGN
Symbol лв
Central Bank Bulgarian National Bank
Common Notes лв2, лв5, лв10, лв20, лв50, лв100
Learn more about BGN

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