What is the current MGA to IQD exchange rate?

The current mid-market exchange rate is 1 MGA = 0.3139 IQD. 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 IQD 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 IQD?

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

Convert Malagasy Ariaries to Iraqi Dinars and compare the real cost of sending money.

You send

MGA

They receive

IQD

1 MGA = 0.3139 IQD • Mid-market rate

Updated just now

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Historical MGA/IQD exchange rate

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

Quick reference: MGA to IQD

1 MGA → 0.31 IQD

5 MGA → 1.57 IQD

10 MGA → 3.14 IQD

50 MGA → 15.70 IQD

100 MGA → 31.39 IQD

500 MGA → 156.96 IQD

1,000 MGA → 313.92 IQD

5,000 MGA → 1,569.59 IQD

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

IQD — Iraqi Dinar

ISO Code IQD

Central Bank Central Bank of Iraq

Common Notes .ع50, د.ع100, د.ع250, د.ع500, د.ع1000, د.ع5000, د.ع10000

Learn more about IQD

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

Convert MGA to IQD — live rate

Historical MGA/IQD exchange rate

Quick reference: MGA to IQD

Real cost of MGA → IQD

Estimated savings

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Currency snapshots