Convert MGA to RWF — live rate

Convert Malagasy Ariaries to Rwandan Francs and compare the real cost of sending money.

MGA
RWF
1 MGA = 0.3488 RWF Mid-market rate
Updated just now
Compare transfers for MGA → RWF
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Historical MGA/RWF exchange rate

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

Quick reference: MGA to RWF

1 MGA 0.35 RWF
5 MGA 1.74 RWF
10 MGA 3.49 RWF
50 MGA 17.44 RWF
100 MGA 34.88 RWF
500 MGA 174.40 RWF
1,000 MGA 348.80 RWF
5,000 MGA 1,743.99 RWF

Real cost of MGA → RWF

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
RWF — Rwandan Franc
ISO Code RWF
Central Bank National Bank of Rwanda
Common Notes 500, 1000, 2000, 5000 francs
Learn more about RWF

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