What is the current MGA to RWF exchange rate?

The current mid-market exchange rate is 1 MGA = 0.3488 RWF. 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 RWF 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 RWF?

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

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

You send

MGA

They receive

RWF

1 MGA = 0.3488 RWF • Mid-market rate

Updated just now

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Historical MGA/RWF exchange rate

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

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.

Convert MGA to RWF — live rate

Historical MGA/RWF exchange rate

Quick reference: MGA to RWF

Real cost of MGA → RWF

Estimated savings

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Currency snapshots