What is the current MGA to TRY exchange rate?

The current mid-market exchange rate is 1 MGA = 0.0096 TRY. 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 TRY 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 TRY?

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

Convert Malagasy Ariaries to Turkish Liras and compare the real cost of sending money.

You send

MGA

They receive

TRY

1 MGA = 0.0096 TRY • Mid-market rate

Updated just now

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Historical MGA/TRY exchange rate

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

Quick reference: MGA to TRY

1 MGA → 0.01 TRY

5 MGA → 0.05 TRY

10 MGA → 0.10 TRY

50 MGA → 0.48 TRY

100 MGA → 0.96 TRY

500 MGA → 4.79 TRY

1,000 MGA → 9.59 TRY

5,000 MGA → 47.93 TRY

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

TRY — Turkish Lira

ISO Code TRY

Symbol ₤

Central Bank Central Bank of the Republic of Turkey

Common Notes 5, 10, 20, 50

Learn more about TRY

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

Convert MGA to TRY — live rate

Historical MGA/TRY exchange rate

Quick reference: MGA to TRY

Real cost of MGA → TRY

Estimated savings

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Currency snapshots