What is the current RWF to MGA exchange rate?

The current mid-market exchange rate is 1 RWF = 2.8439 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 RWF 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 RWF to MGA?

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

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

You send

RWF

They receive

MGA

1 RWF = 2.8439 MGA • Mid-market rate

Updated just now

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Historical RWF/MGA exchange rate

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

Quick reference: RWF to MGA

1 RWF → 2.84 MGA

5 RWF → 14.22 MGA

10 RWF → 28.44 MGA

50 RWF → 142.19 MGA

100 RWF → 284.39 MGA

500 RWF → 1,421.93 MGA

1,000 RWF → 2,843.85 MGA

5,000 RWF → 14,219.25 MGA

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.

Convert RWF to MGA — live rate

Historical RWF/MGA exchange rate

Quick reference: RWF to MGA

Real cost of RWF → MGA

Estimated savings

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Currency snapshots