What is the current MGA to KRW exchange rate?

The current mid-market exchange rate is 1 MGA = 0.3534 KRW. 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 KRW 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 KRW?

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

Convert Malagasy Ariaries to South Korean Wons and compare the real cost of sending money.

You send

MGA

They receive

KRW

1 MGA = 0.3534 KRW • Mid-market rate

Updated just now

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Historical MGA/KRW exchange rate

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

Quick reference: MGA to KRW

1 MGA → 0.35 KRW

5 MGA → 1.77 KRW

10 MGA → 3.53 KRW

50 MGA → 17.67 KRW

100 MGA → 35.34 KRW

500 MGA → 176.71 KRW

1,000 MGA → 353.41 KRW

5,000 MGA → 1,767.07 KRW

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

KRW — South Korean Won

ISO Code KRW

Symbol ₩

Central Bank The Bank of Korea

Common Notes ₩1000, ₩5000, ₩10000, ₩50000

Learn more about KRW

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

Convert MGA to KRW — live rate

Historical MGA/KRW exchange rate

Quick reference: MGA to KRW

Real cost of MGA → KRW

Estimated savings

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Currency snapshots