Convert MGA to ETB — live rate

Convert Malagasy Ariaries to Ethiopian Birrs and compare the real cost of sending money.

MGA
ETB
1 MGA = 0.0377 ETB Mid-market rate
Updated just now
Compare transfers for MGA → ETB
No signup required FCA-regulated providers only

Historical MGA/ETB exchange rate

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

Quick reference: MGA to ETB

1 MGA 0.04 ETB
5 MGA 0.19 ETB
10 MGA 0.38 ETB
50 MGA 1.88 ETB
100 MGA 3.77 ETB
500 MGA 18.85 ETB
1,000 MGA 37.69 ETB
5,000 MGA 188.47 ETB

Real cost of MGA → ETB

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
ETB — Ethiopian Birr
ISO Code ETB
Central Bank National Bank of Ethiopia
Common Notes Br1, Br5, Br10, Br50, Br100
Learn more about ETB

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