What is the current MGA to JMD exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0376 JMD. 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 JMD 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 JMD?

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

Convert Malagasy Ariaries to Jamaican Dollars and compare the real cost of sending money.

You send

MGA

They receive

JMD

1 MGA = 0.0376 JMD • Mid-market rate

Updated just now

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Historical MGA/JMD exchange rate

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

Quick reference: MGA to JMD

1 MGA → 0.04 JMD

5 MGA → 0.19 JMD

10 MGA → 0.38 JMD

50 MGA → 1.88 JMD

100 MGA → 3.76 JMD

500 MGA → 18.80 JMD

1,000 MGA → 37.59 JMD

5,000 MGA → 187.97 JMD

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

JMD — Jamaican Dollar

ISO Code JMD

Symbol J$

Central Bank Bank of Jamaica

Common Notes J$50, J$100, J$500, J$1000, J$5000

Learn more about JMD

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

Convert MGA to JMD — live rate

Historical MGA/JMD exchange rate

Quick reference: MGA to JMD

Real cost of MGA → JMD

Estimated savings

Compare MGA → JMD providers

Currency snapshots