What is the current MVR to MGA exchange rate?

The current mid-market exchange rate is 1 MVR = 268.6330 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 MVR 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 MVR to MGA?

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

Convert Maldivian Rufiyaas to Malagasy Ariaries and compare the real cost of sending money.

You send

MVR

They receive

MGA

1 MVR = 268.6330 MGA • Mid-market rate

Updated just now

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Historical MVR/MGA exchange rate

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

Quick reference: MVR to MGA

1 MVR → 268.63 MGA

5 MVR → 1,343.17 MGA

10 MVR → 2,686.33 MGA

50 MVR → 13,431.65 MGA

100 MVR → 26,863.30 MGA

500 MVR → 134,316.50 MGA

1,000 MVR → 268,633.00 MGA

5,000 MVR → 1,343,165.00 MGA

Currency snapshots

MVR — Maldivian Rufiyaa

ISO Code MVR

Central Bank Maldives Monetary Authority

Common Notes 5, 10, 20, 50, 100, 200, 500

Learn more about MVR

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 MVR to MGA — live rate

Historical MVR/MGA exchange rate

Quick reference: MVR to MGA

Real cost of MVR → MGA

Estimated savings

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Currency snapshots