Convert TRY to MGA — live rate

Convert Turkish Liras to Malagasy Ariaries and compare the real cost of sending money.

TRY
MGA
1 TRY = 88.5259 MGA • Mid-market rate
Updated just now
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Historical TRY/MGA exchange rate

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

Quick reference: TRY to MGA

1 TRY → 88.53 MGA
5 TRY → 442.63 MGA
10 TRY → 885.26 MGA
50 TRY → 4,426.30 MGA
100 TRY → 8,852.59 MGA
500 TRY → 44,262.95 MGA
1,000 TRY → 88,525.90 MGA
5,000 TRY → 442,629.50 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

TRY — Turkish Lira
ISO Code TRY
Symbol ₤
Central Bank Central Bank of the Republic of Turkey
Common Notes 5, 10, 20, 50
Learn more about TRY
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.