What is the current MGA to ETB exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0384 ETB. 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 ETB 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 ETB?

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

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

You send

MGA

They receive

ETB

1 MGA = 0.0384 ETB • Mid-market rate

Updated just now

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Historical MGA/ETB exchange rate

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 → 1.92 ETB

100 MGA → 3.84 ETB

500 MGA → 19.19 ETB

1,000 MGA → 38.37 ETB

5,000 MGA → 191.86 ETB

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.

Convert MGA to ETB — live rate

Historical MGA/ETB exchange rate

Quick reference: MGA to ETB

Real cost of MGA → ETB

Estimated savings

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Currency snapshots