What is the current TMT to MGA exchange rate?

The current mid-market exchange rate is 1 TMT = 1198.3200 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 TMT 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 TMT to MGA?

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

Convert Turkmenistani Manats to Malagasy Ariaries and compare the real cost of sending money.

You send

TMT

They receive

MGA

1 TMT = 1198.3200 MGA • Mid-market rate

Updated just now

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Historical TMT/MGA exchange rate

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

Quick reference: TMT to MGA

1 TMT → 1,198.32 MGA

5 TMT → 5,991.60 MGA

10 TMT → 11,983.20 MGA

50 TMT → 59,916.00 MGA

100 TMT → 119,832.00 MGA

500 TMT → 599,160.00 MGA

1,000 TMT → 1,198,320.00 MGA

5,000 TMT → 5,991,600.00 MGA

Currency snapshots

TMT — Turkmenistani Manat

ISO Code TMT

Central Bank Central Bank of Turkmenistan

Common Notes 1, 5, 10, 20, 50, 100, 500 manat

Learn more about TMT

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 TMT to MGA — live rate

Historical TMT/MGA exchange rate

Quick reference: TMT to MGA

Real cost of TMT → MGA

Estimated savings

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Currency snapshots