Convert MKD to MGA — live rate

Convert Macedonian Denars to Malagasy Ariaries and compare the real cost of sending money.

MKD
MGA
1 MKD = 86.2221 MGA • Mid-market rate
Updated just now
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Historical MKD/MGA exchange rate

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

Quick reference: MKD to MGA

1 MKD → 86.22 MGA
5 MKD → 431.11 MGA
10 MKD → 862.22 MGA
50 MKD → 4,311.11 MGA
100 MKD → 8,622.21 MGA
500 MKD → 43,111.05 MGA
1,000 MKD → 86,222.10 MGA
5,000 MKD → 431,110.50 MGA

Real cost of MKD → MGA

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 MKD
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

MKD — Macedonian Denar
ISO Code MKD
Symbol ден
Central Bank National Bank of the Republic of Macedonia
Common Notes ден10, ден50, ден100, ден500, ден1000, ден5000
Learn more about MKD
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

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