Convert MGA to EGP — live rate

Convert Malagasy Ariaries to Egyptian Pounds and compare the real cost of sending money.

MGA
EGP
1 MGA = 0.0118 EGP • Mid-market rate
Updated just now
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Historical MGA/EGP exchange rate

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

Quick reference: MGA to EGP

1 MGA → 0.01 EGP
5 MGA → 0.06 EGP
10 MGA → 0.12 EGP
50 MGA → 0.59 EGP
100 MGA → 1.18 EGP
500 MGA → 5.88 EGP
1,000 MGA → 11.77 EGP
5,000 MGA → 58.84 EGP

Real cost of MGA → EGP

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
EGP — Egyptian Pound
ISO Code EGP
Symbol £
Central Bank Central Bank of Egypt
Common Notes £1, £5, £10, £20, £50, £100, £200, Pt5, Pt10, Pt25, Pt50
Learn more about EGP

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