Convert MGA to ISK — live rate

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

MGA
ISK
1 MGA = 0.0293 ISK Mid-market rate
Updated just now
Compare transfers for MGA → ISK
No signup required FCA-regulated providers only

Historical MGA/ISK exchange rate

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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

Real cost of MGA → ISK

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 MGA
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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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.