What is the current UGX to MGA exchange rate?

The current mid-market exchange rate is 1 UGX = 1.1048 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 UGX 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 UGX to MGA?

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

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

You send

UGX

They receive

MGA

1 UGX = 1.1048 MGA • Mid-market rate

Updated just now

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Historical UGX/MGA exchange rate

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

Quick reference: UGX to MGA

1 UGX → 1.10 MGA

5 UGX → 5.52 MGA

10 UGX → 11.05 MGA

50 UGX → 55.24 MGA

100 UGX → 110.48 MGA

500 UGX → 552.41 MGA

1,000 UGX → 1,104.81 MGA

5,000 UGX → 5,524.05 MGA

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.

Convert UGX to MGA — live rate

Historical UGX/MGA exchange rate

Quick reference: UGX to MGA

Real cost of UGX → MGA

Estimated savings

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Currency snapshots