What is the current MGA to ISK exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0293 ISK. 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 ISK 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 ISK?

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

Convert Malagasy Ariaries to Icelandic Krónas and compare the real cost of sending money.

You send

MGA

They receive

ISK

1 MGA = 0.0293 ISK • Mid-market rate

Updated just now

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Historical MGA/ISK exchange rate

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

Quick reference: MGA to ISK

1 MGA → 0.03 ISK

5 MGA → 0.15 ISK

10 MGA → 0.29 ISK

50 MGA → 1.47 ISK

100 MGA → 2.93 ISK

500 MGA → 14.67 ISK

1,000 MGA → 29.35 ISK

5,000 MGA → 146.73 ISK

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

ISK — Icelandic Króna

ISO Code ISK

Symbol kr

Central Bank Central Bank of Iceland

Common Notes kr500, kr1000, kr2000, kr5000

Learn more about ISK

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

Convert MGA to ISK — live rate

Historical MGA/ISK exchange rate

Quick reference: MGA to ISK

Real cost of MGA → ISK

Estimated savings

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Currency snapshots