What is the current MYR to MGA exchange rate?

The current mid-market exchange rate is 1 MYR = 1061.2400 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 MYR 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 MYR to MGA?

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

Convert Malaysian Ringgits to Malagasy Ariaries and compare the real cost of sending money.

You send

MYR

They receive

MGA

1 MYR = 1061.2400 MGA • Mid-market rate

Updated just now

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Historical MYR/MGA exchange rate

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

Quick reference: MYR to MGA

1 MYR → 1,061.24 MGA

5 MYR → 5,306.20 MGA

10 MYR → 10,612.40 MGA

50 MYR → 53,062.00 MGA

100 MYR → 106,124.00 MGA

500 MYR → 530,620.00 MGA

1,000 MYR → 1,061,240.00 MGA

5,000 MYR → 5,306,200.00 MGA

Currency snapshots

MYR — Malaysian Ringgit

ISO Code MYR

Symbol RM

Central Bank Bank Negara Malaysia

Common Notes RM1, RM5, RM10, RM50, RM100

Learn more about MYR

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 MYR to MGA — live rate

Historical MYR/MGA exchange rate

Quick reference: MYR to MGA

Real cost of MYR → MGA

Estimated savings

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Currency snapshots