Convert RWF to MGA — live rate

Convert Rwandan Francs to Malagasy Ariaries and compare the real cost of sending money.

RWF
MGA
1 RWF = 2.8354 MGA Mid-market rate
Updated just now
Compare transfers for RWF → MGA
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Historical RWF/MGA exchange rate

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

Quick reference: RWF to MGA

1 RWF 2.84 MGA
5 RWF 14.18 MGA
10 RWF 28.35 MGA
50 RWF 141.77 MGA
100 RWF 283.54 MGA
500 RWF 1,417.70 MGA
1,000 RWF 2,835.40 MGA
5,000 RWF 14,177.00 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

RWF — Rwandan Franc
ISO Code RWF
Central Bank National Bank of Rwanda
Common Notes 500, 1000, 2000, 5000 francs
Learn more about RWF
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.