Convert MGA to MAD — live rate

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

MGA
MAD
1 MGA = 0.0023 MAD Mid-market rate
Updated just now
Compare transfers for MGA → MAD
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Historical MGA/MAD exchange rate

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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

Real cost of MGA → MAD

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
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.