Convert MXN to MGA — live rate

Convert Mexican Pesos to Malagasy Ariaries and compare the real cost of sending money.

MXN
MGA
1 MXN = 234.9540 MGA • Mid-market rate
Updated just now
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Historical MXN/MGA exchange rate

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

Quick reference: MXN to MGA

1 MXN → 234.95 MGA
5 MXN → 1,174.77 MGA
10 MXN → 2,349.54 MGA
50 MXN → 11,747.70 MGA
100 MXN → 23,495.40 MGA
500 MXN → 117,477.00 MGA
1,000 MXN → 234,954.00 MGA
5,000 MXN → 1,174,770.00 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

MXN — Mexican Peso
ISO Code MXN
Symbol $
Central Bank Bank of Mexico
Common Notes $20, $50, $100, $200, $500, $1000
Learn more about MXN
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.