Convert MGA to PHP — live rate

Convert Malagasy Ariaries to Philippine Pesos and compare the real cost of sending money.

MGA
PHP
1 MGA = 0.0148 PHP • Mid-market rate
Updated just now
Compare transfers for MGA → PHP
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Historical MGA/PHP exchange rate

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

Quick reference: MGA to PHP

1 MGA → 0.01 PHP
5 MGA → 0.07 PHP
10 MGA → 0.15 PHP
50 MGA → 0.74 PHP
100 MGA → 1.48 PHP
500 MGA → 7.40 PHP
1,000 MGA → 14.81 PHP
5,000 MGA → 74.04 PHP

Real cost of MGA → PHP

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
PHP — Philippine Peso
ISO Code PHP
Symbol ₱
Central Bank Central Bank of the Philippines
Common Notes ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000
Learn more about PHP

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