What is the current MGA to TMT exchange rate?

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

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

Convert Malagasy Ariaries to Turkmenistani Manats and compare the real cost of sending money.

You send

MGA

They receive

TMT

1 MGA = 0.0008 TMT • Mid-market rate

Updated just now

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Historical MGA/TMT exchange rate

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

Quick reference: MGA to TMT

1 MGA → 0.00 TMT

5 MGA → 0.00 TMT

10 MGA → 0.01 TMT

50 MGA → 0.04 TMT

100 MGA → 0.08 TMT

500 MGA → 0.42 TMT

1,000 MGA → 0.84 TMT

5,000 MGA → 4.21 TMT

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

TMT — Turkmenistani Manat

ISO Code TMT

Central Bank Central Bank of Turkmenistan

Common Notes 1, 5, 10, 20, 50, 100, 500 manat

Learn more about TMT

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

Convert MGA to TMT — live rate

Historical MGA/TMT exchange rate

Quick reference: MGA to TMT

Real cost of MGA → TMT

Estimated savings

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Currency snapshots