Convert NGN to MGA — live rate

Convert Nigerian Nairas to Malagasy Ariaries and compare the real cost of sending money.

NGN
MGA
1 NGN = 3.2427 MGA • Mid-market rate
Updated just now
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Historical NGN/MGA exchange rate

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

Quick reference: NGN to MGA

1 NGN → 3.24 MGA
5 NGN → 16.21 MGA
10 NGN → 32.43 MGA
50 NGN → 162.13 MGA
100 NGN → 324.27 MGA
500 NGN → 1,621.34 MGA
1,000 NGN → 3,242.68 MGA
5,000 NGN → 16,213.40 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

NGN — Nigerian Naira
ISO Code NGN
Symbol ₦
Central Bank Central Bank of Nigeria
Common Notes ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000
Learn more about NGN
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.