Convert MGA to CVE — live rate

Convert Malagasy Ariaries to Cape Verdean Escudos and compare the real cost of sending money.

MGA
CVE
1 MGA = 0.0230 CVE Mid-market rate
Updated just now
Compare transfers for MGA → CVE
No signup required FCA-regulated providers only

Historical MGA/CVE exchange rate

Loading...

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

Quick reference: MGA to CVE

1 MGA 0.02 CVE
5 MGA 0.12 CVE
10 MGA 0.23 CVE
50 MGA 1.15 CVE
100 MGA 2.30 CVE
500 MGA 11.51 CVE
1,000 MGA 23.02 CVE
5,000 MGA 115.10 CVE

Real cost of MGA → CVE

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

See cheapest providers

Compare MGA → CVE providers

See today's best rates from FCA-regulated specialists for your transfer.

Compare providers

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
CVE — Cape Verdean Escudo
ISO Code CVE
Central Bank Bank of Cape Verde
Common Notes $200, $500, $1000, $2000, $2500, $5000
Learn more about CVE

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