Convert UGX to MGA — live rate

Convert Ugandan Shillings to Malagasy Ariaries and compare the real cost of sending money.

UGX
MGA
1 UGX = 1.3013 MGA Mid-market rate
Updated just now
Compare transfers for UGX → MGA
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Historical UGX/MGA exchange rate

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

Quick reference: UGX to MGA

1 UGX 1.30 MGA
5 UGX 6.51 MGA
10 UGX 13.01 MGA
50 UGX 65.06 MGA
100 UGX 130.13 MGA
500 UGX 650.65 MGA
1,000 UGX 1,301.29 MGA
5,000 UGX 6,506.45 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

UGX — Ugandan Shilling
ISO Code UGX
Central Bank Bank of Uganda
Common Notes USh2, USh5, USh10, USh20, USh50, USh100
Learn more about UGX
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.