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.