What is the current MGA to SHP exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0002 SHP. 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 SHP 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 SHP?

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

Convert Malagasy Ariaries to Saint Helena Pounds and compare the real cost of sending money.

You send

MGA

They receive

SHP

1 MGA = 0.0002 SHP • Mid-market rate

Updated just now

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Historical MGA/SHP exchange rate

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

Quick reference: MGA to SHP

1 MGA → 0.00 SHP

5 MGA → 0.00 SHP

10 MGA → 0.00 SHP

50 MGA → 0.01 SHP

100 MGA → 0.02 SHP

500 MGA → 0.09 SHP

1,000 MGA → 0.18 SHP

5,000 MGA → 0.89 SHP

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

SHP — Saint Helena Pound

ISO Code SHP

Symbol £

Central Bank Government of Saint Helena

Common Notes £5, £10, £20

Learn more about SHP

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

Convert MGA to SHP — live rate

Historical MGA/SHP exchange rate

Quick reference: MGA to SHP

Real cost of MGA → SHP

Estimated savings

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Currency snapshots