What is the current MGA to ILS exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0007 ILS. 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 ILS 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 ILS?

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

Convert Malagasy Ariaries to Israeli New Shekels and compare the real cost of sending money.

You send

MGA

They receive

ILS

1 MGA = 0.0007 ILS • Mid-market rate

Updated just now

Compare transfers for MGA → ILS

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Historical MGA/ILS exchange rate

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

Quick reference: MGA to ILS

1 MGA → 0.00 ILS

5 MGA → 0.00 ILS

10 MGA → 0.01 ILS

50 MGA → 0.04 ILS

100 MGA → 0.07 ILS

500 MGA → 0.36 ILS

1,000 MGA → 0.72 ILS

5,000 MGA → 3.62 ILS

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

ILS — Israeli New Shekel

ISO Code ILS

Symbol ₪

Central Bank Bank of Israel

Common Notes ₪20, ₪50, ₪100, ₪200

Learn more about ILS

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

Convert MGA to ILS — live rate

Historical MGA/ILS exchange rate

Quick reference: MGA to ILS

Real cost of MGA → ILS

Estimated savings

Compare MGA → ILS providers

Currency snapshots