What is the current MGA to MAD exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0023 MAD. 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 MAD 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 MAD?

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

Convert Malagasy Ariaries to Moroccan Dirhams and compare the real cost of sending money.

You send

MGA

They receive

MAD

1 MGA = 0.0023 MAD • Mid-market rate

Updated just now

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Historical MGA/MAD exchange rate

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

Quick reference: MGA to MAD

1 MGA → 0.00 MAD

5 MGA → 0.01 MAD

10 MGA → 0.02 MAD

50 MGA → 0.11 MAD

100 MGA → 0.23 MAD

500 MGA → 1.13 MAD

1,000 MGA → 2.26 MAD

5,000 MGA → 11.31 MAD

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

MAD — Moroccan Dirham

ISO Code MAD

Central Bank Bank Al-Maghrib

Common Notes 20, 50, 100, 200

Learn more about MAD

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

Convert MGA to MAD — live rate

Historical MGA/MAD exchange rate

Quick reference: MGA to MAD

Real cost of MGA → MAD

Estimated savings

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Currency snapshots