What is the current MGA to TZS exchange rate?

The current mid-market exchange rate is 1 MGA = 0.6278 TZS. 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 TZS 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 TZS?

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

Convert Malagasy Ariaries to Tanzanian Shillings and compare the real cost of sending money.

You send

MGA

They receive

TZS

1 MGA = 0.6278 TZS • Mid-market rate

Updated just now

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Historical MGA/TZS exchange rate

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

Quick reference: MGA to TZS

1 MGA → 0.63 TZS

5 MGA → 3.14 TZS

10 MGA → 6.28 TZS

50 MGA → 31.39 TZS

100 MGA → 62.78 TZS

500 MGA → 313.89 TZS

1,000 MGA → 627.77 TZS

5,000 MGA → 3,138.86 TZS

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

TZS — Tanzanian Shilling

ISO Code TZS

Central Bank Bank of Tanzania

Common Notes 500, 1000, 2000, 5000, 10000

Learn more about TZS

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

Convert MGA to TZS — live rate

Historical MGA/TZS exchange rate

Quick reference: MGA to TZS

Real cost of MGA → TZS

Estimated savings

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Currency snapshots