What is the current MTL to MGA exchange rate?

The current mid-market exchange rate is 1 MTL = 12531.9000 MGA. 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 MTL to MGA 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 MTL to MGA?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the MTL/MGA 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 Maltese Liras to Malagasy Ariaries

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1 MTL = 12531.9000 MGA • Mid-market rate

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Historical MTL/MGA exchange rate

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

Quick reference: MTL to MGA

1 MTL → 12,531.90 MGA

5 MTL → 62,659.50 MGA

10 MTL → 125,319.00 MGA

50 MTL → 626,595.00 MGA

100 MTL → 1,253,190.00 MGA

500 MTL → 6,265,950.00 MGA

1,000 MTL → 12,531,900.00 MGA

5,000 MTL → 62,659,500.00 MGA

Currency snapshots

MTL — Maltese Lira

ISO Code MTL

Central Bank Central Bank of Malta

Common Notes 2, 5, 10, 20 liri

Learn more about MTL

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.

Convert MTL to MGA — live rate

Historical MTL/MGA exchange rate

Quick reference: MTL to MGA

Real cost of MTL → MGA

Estimated savings

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Currency snapshots