Convert MGA to NGN — live rate

Convert Malagasy Ariaries to Nigerian Nairas and compare the real cost of sending money.

MGA
NGN
1 MGA = 0.3250 NGN • Mid-market rate
Updated just now
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Historical MGA/NGN exchange rate

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

Quick reference: MGA to NGN

1 MGA → 0.33 NGN
5 MGA → 1.63 NGN
10 MGA → 3.25 NGN
50 MGA → 16.25 NGN
100 MGA → 32.50 NGN
500 MGA → 162.52 NGN
1,000 MGA → 325.04 NGN
5,000 MGA → 1,625.22 NGN

Real cost of MGA → NGN

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
NGN — Nigerian Naira
ISO Code NGN
Symbol ₦
Central Bank Central Bank of Nigeria
Common Notes ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000
Learn more about NGN

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