What is the current MGA to UGX exchange rate?

The current mid-market exchange rate is 1 MGA = 0.8663 UGX. 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 UGX 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 UGX?

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

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

You send

MGA

They receive

UGX

1 MGA = 0.8663 UGX • Mid-market rate

Updated just now

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Historical MGA/UGX exchange rate

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

Quick reference: MGA to UGX

1 MGA → 0.87 UGX

5 MGA → 4.33 UGX

10 MGA → 8.66 UGX

50 MGA → 43.31 UGX

100 MGA → 86.63 UGX

500 MGA → 433.15 UGX

1,000 MGA → 866.29 UGX

5,000 MGA → 4,331.47 UGX

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

UGX — Ugandan Shilling

ISO Code UGX

Central Bank Bank of Uganda

Common Notes USh2, USh5, USh10, USh20, USh50, USh100

Learn more about UGX

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

Convert MGA to UGX — live rate

Historical MGA/UGX exchange rate

Quick reference: MGA to UGX

Real cost of MGA → UGX

Estimated savings

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Currency snapshots