What is the current MGA to GIP exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0002 GIP. 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 GIP 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 GIP?

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

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

You send

MGA

They receive

GIP

1 MGA = 0.0002 GIP • Mid-market rate

Updated just now

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Historical MGA/GIP exchange rate

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

Quick reference: MGA to GIP

1 MGA → 0.00 GIP

5 MGA → 0.00 GIP

10 MGA → 0.00 GIP

50 MGA → 0.01 GIP

100 MGA → 0.02 GIP

500 MGA → 0.09 GIP

1,000 MGA → 0.18 GIP

5,000 MGA → 0.89 GIP

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

GIP — Gibraltar Pound

ISO Code GIP

Symbol £

Central Bank Government of Gibraltar

Common Notes £5, £10, £20, £50, £100

Learn more about GIP

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

Convert MGA to GIP — live rate

Historical MGA/GIP exchange rate

Quick reference: MGA to GIP

Real cost of MGA → GIP

Estimated savings

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Currency snapshots