Convert MTL to MGA — live rate

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

MTL
MGA
1 MTL = 11617.1000 MGA • Mid-market rate
Updated just now
Compare transfers for MTL → MGA
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Historical MTL/MGA exchange rate

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

Quick reference: MTL to MGA

1 MTL → 11,617.10 MGA
5 MTL → 58,085.50 MGA
10 MTL → 116,171.00 MGA
50 MTL → 580,855.00 MGA
100 MTL → 1,161,710.00 MGA
500 MTL → 5,808,550.00 MGA
1,000 MTL → 11,617,100.00 MGA
5,000 MTL → 58,085,500.00 MGA

Real cost of MTL → 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 MTL
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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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.