Convert MGA to NIO — live rate

Convert Malagasy Ariaries to Nicaraguan Córdobas and compare the real cost of sending money.

MGA
NIO
1 MGA = 0.0085 NIO • Mid-market rate
Updated just now
Compare transfers for MGA → NIO
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Historical MGA/NIO exchange rate

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

Quick reference: MGA to NIO

1 MGA → 0.01 NIO
5 MGA → 0.04 NIO
10 MGA → 0.09 NIO
50 MGA → 0.43 NIO
100 MGA → 0.85 NIO
500 MGA → 4.26 NIO
1,000 MGA → 8.53 NIO
5,000 MGA → 42.63 NIO

Real cost of MGA → NIO

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
NIO — Nicaraguan Córdoba
ISO Code NIO
Symbol C$
Central Bank Central Bank of Nicaragua
Common Notes C$10, C$20, C$50, C$100, C$200, C$500
Learn more about NIO

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