What is the current MGA to MDL exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0042 MDL. 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 MDL 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 MDL?

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

Convert Malagasy Ariaries to Moldovan Leus and compare the real cost of sending money.

You send

MGA

They receive

MDL

1 MGA = 0.0042 MDL • Mid-market rate

Updated just now

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Historical MGA/MDL exchange rate

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

Quick reference: MGA to MDL

1 MGA → 0.00 MDL

5 MGA → 0.02 MDL

10 MGA → 0.04 MDL

50 MGA → 0.21 MDL

100 MGA → 0.42 MDL

500 MGA → 2.09 MDL

1,000 MGA → 4.17 MDL

5,000 MGA → 20.87 MDL

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

MDL — Moldovan Leu

ISO Code MDL

Central Bank National Bank of Moldova

Common Notes 1, 5, 10, 20, 50, 100, 200, 500, 1000

Learn more about MDL

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

Convert MGA to MDL — live rate

Historical MGA/MDL exchange rate

Quick reference: MGA to MDL

Real cost of MGA → MDL

Estimated savings

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Currency snapshots