What is the current MGA to BRL exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0012 BRL. 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 BRL 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 BRL?

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

Convert Malagasy Ariaries to Brazilian Reals and compare the real cost of sending money.

You send

MGA

They receive

BRL

1 MGA = 0.0012 BRL • Mid-market rate

Updated just now

Compare transfers for MGA → BRL

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Historical MGA/BRL exchange rate

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

Quick reference: MGA to BRL

1 MGA → 0.00 BRL

5 MGA → 0.01 BRL

10 MGA → 0.01 BRL

50 MGA → 0.06 BRL

100 MGA → 0.12 BRL

500 MGA → 0.60 BRL

1,000 MGA → 1.19 BRL

5,000 MGA → 5.97 BRL

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

BRL — Brazilian Real

ISO Code BRL

Symbol R$

Central Bank Banco Central Do Brasil

Common Notes R$5, R$10, R$20, R$50, R$100

Learn more about BRL

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

Convert MGA to BRL — live rate

Historical MGA/BRL exchange rate

Quick reference: MGA to BRL

Real cost of MGA → BRL

Estimated savings

Compare MGA → BRL providers

Currency snapshots