Convert MGA to MZN — live rate

Convert Malagasy Ariaries to Mozambican Meticals and compare the real cost of sending money.

MGA
MZN
1 MGA = 0.0153 MZN Mid-market rate
Updated just now
Compare transfers for MGA → MZN
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Historical MGA/MZN exchange rate

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

Quick reference: MGA to MZN

1 MGA 0.02 MZN
5 MGA 0.08 MZN
10 MGA 0.15 MZN
50 MGA 0.76 MZN
100 MGA 1.53 MZN
500 MGA 7.63 MZN
1,000 MGA 15.25 MZN
5,000 MGA 76.26 MZN

Real cost of MGA → MZN

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
MZN — Mozambican Metical
ISO Code MZN
Symbol MT
Central Bank Banco de Moçambique
Common Notes MT20, MT50, MT100, MT200, MT500, MT1000
Learn more about MZN

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