What is the current MGA to PEN exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0008 PEN. 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 PEN 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 PEN?

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

Convert Malagasy Ariaries to Peruvian Nuevo Sols and compare the real cost of sending money.

You send

MGA

They receive

PEN

1 MGA = 0.0008 PEN • Mid-market rate

Updated just now

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Historical MGA/PEN exchange rate

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

Quick reference: MGA to PEN

1 MGA → 0.00 PEN

5 MGA → 0.00 PEN

10 MGA → 0.01 PEN

50 MGA → 0.04 PEN

100 MGA → 0.08 PEN

500 MGA → 0.41 PEN

1,000 MGA → 0.83 PEN

5,000 MGA → 4.15 PEN

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

PEN — Peruvian Nuevo Sol

ISO Code PEN

Symbol S/.

Central Bank Central Reserve Bank of Peru

Common Notes S/.10, S/.20, S/.50, S/.100, S/.200

Learn more about PEN

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

Convert MGA to PEN — live rate

Historical MGA/PEN exchange rate

Quick reference: MGA to PEN

Real cost of MGA → PEN

Estimated savings

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Currency snapshots