What is the current MGA to MVR exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0037 MVR. 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 MVR 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 MVR?

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

Convert Malagasy Ariaries to Maldivian Rufiyaas and compare the real cost of sending money.

You send

MGA

They receive

MVR

1 MGA = 0.0037 MVR • Mid-market rate

Updated just now

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Historical MGA/MVR exchange rate

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

Quick reference: MGA to MVR

1 MGA → 0.00 MVR

5 MGA → 0.02 MVR

10 MGA → 0.04 MVR

50 MGA → 0.18 MVR

100 MGA → 0.37 MVR

500 MGA → 1.83 MVR

1,000 MGA → 3.66 MVR

5,000 MGA → 18.28 MVR

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

MVR — Maldivian Rufiyaa

ISO Code MVR

Central Bank Maldives Monetary Authority

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

Learn more about MVR

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

Convert MGA to MVR — live rate

Historical MGA/MVR exchange rate

Quick reference: MGA to MVR

Real cost of MGA → MVR

Estimated savings

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Currency snapshots