What is the current MGA to CVE exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0230 CVE. 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 CVE 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 CVE?

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

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

You send

MGA

They receive

CVE

1 MGA = 0.0230 CVE • Mid-market rate

Updated just now

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Historical MGA/CVE exchange rate

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

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.

Convert MGA to CVE — live rate

Historical MGA/CVE exchange rate

Quick reference: MGA to CVE

Real cost of MGA → CVE

Estimated savings

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Currency snapshots