Convert ZAR to MGA — live rate

Convert South African Rands to Malagasy Ariaries and compare the real cost of sending money.

ZAR
MGA
1 ZAR = 267.7500 MGA • Mid-market rate
Updated just now
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Historical ZAR/MGA exchange rate

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

Quick reference: ZAR to MGA

1 ZAR → 267.75 MGA
5 ZAR → 1,338.75 MGA
10 ZAR → 2,677.50 MGA
50 ZAR → 13,387.50 MGA
100 ZAR → 26,775.00 MGA
500 ZAR → 133,875.00 MGA
1,000 ZAR → 267,750.00 MGA
5,000 ZAR → 1,338,750.00 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

ZAR — South African Rand
ISO Code ZAR
Symbol R
Central Bank South African Reserve Bank
Common Notes R10, R20, R50, R100, R200
Learn more about ZAR
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.