Convert MGA to CZK — live rate

Convert Malagasy Ariaries to Czech Republic Korunas and compare the real cost of sending money.

MGA
CZK
1 MGA = 0.0050 CZK • Mid-market rate
Updated just now
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Historical MGA/CZK exchange rate

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

Quick reference: MGA to CZK

1 MGA → 0.00 CZK
5 MGA → 0.02 CZK
10 MGA → 0.05 CZK
50 MGA → 0.25 CZK
100 MGA → 0.50 CZK
500 MGA → 2.49 CZK
1,000 MGA → 4.97 CZK
5,000 MGA → 24.86 CZK

Real cost of MGA → CZK

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
CZK — Czech Republic Koruna
ISO Code CZK
Symbol Kč
Central Bank Czech National Bank
Common Notes 100Kč, 200Kč, 500Kč, 1000Kč, 2000Kč, 5000Kč
Learn more about CZK

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