Current Date And Time In Madagascar
Tuesday, 04 August 2026
00:49:59 EAT
Capital: Antananarivo
Currency: Malagasy ariary (MGA)
Timezone: UTC +03:00 (EAT)
Population: 32,032,126
Malagasy ariary (MGA) is the official currency of Madagascar, represented by the symbol Ar. This comprehensive currency guide provides real-time exchange rates, forex trading data and practical information for international businesses, traders and financial professionals conducting transactions with Madagascar.
Benefits for Professionals: Real-time exchange rates • Hourly currency updates • Major currency pairs • ISO 4217 currency codes • International payment reference • Forex trading data • Business transaction rates • Travel currency planning • Currency converter tool • Market research foundation for international operations and cross-border commerce
Malagasy Ariary (MGA) is the official legal tender of Madagascar, identified by the currency symbol Ar and the ISO 4217 code MGA. This profile provides the core reference data for the MGA currency — including its official name, symbol, issuing country and continental region — useful for international invoicing, forex identification, banking transactions and cross-border payment processing involving Madagascar.
| Currency Name | Malagasy Ariary |
| ISO 4217 Code | MGA |
| Currency Symbol | Ar |
| Country | Madagascar |
| Continent | Africa |
Convert any amount between Malagasy Ariary (MGA) and 162+ world currencies instantly, right on this page — no reload required.
⏰ Rates as of Aug 3, 2026 9:49 PM UTC
Indicative gold and silver prices for Madagascar, converted to Malagasy Ariary (MGA) from live international bullion spot rates — the same XAU/XAG benchmark used by markets worldwide.
⏰ Spot rate as of Aug 3, 2026 9:49 PM UTC
⚠️ Note: These are indicative rates derived from live international bullion spot prices (XAU/XAG), converted to MGA. Local jewellery and bullion dealer prices in Madagascar typically differ due to making/wastage charges, import duty, GST/VAT and dealer premiums — always confirm with a local jeweller or bullion dealer before any transaction.
This table lists live MGA exchange rates against every major world currency — showing exactly how much 1 Ar Malagasy Ariary is worth in each foreign currency, plus the inverse rate (how much of each foreign currency equals 1 MGA). Rates are recalculated hourly, making this the most current MGA conversion reference for forex traders, importers/exporters, international businesses and travelers dealing with Madagascar.
⏰ Updated hourly • Aug 3, 2026 9:49 PM UTC
Compare the Malagasy Ariary (MGA) against the five most traded currencies in global forex markets: the US Dollar (USD), Euro (EUR), Japanese Yen (JPY), British Pound (GBP) and Chinese Yuan (CNY). This MGA vs major currencies comparison shows both the direct rate — how much foreign currency 1 Ar buys — and the inverse rate, useful for pricing Madagascar imports and exports, benchmarking MGA strength and planning international financial transactions.
⏰ Live Rate • Updated Hourly • Aug 3, 2026 3:30 PM UTC
💡 Need more conversions? Use our Currency Converter Tool for hourly-updated rates, historical data and calculations for 100+ currencies.
Out of 162 actively traded world currencies tracked against the US Dollar, the Malagasy Ariary (MGA) currently ranks #151 by per-unit value, making it stronger than 7% of all currencies on this list. A lower rank means fewer units of that currency are needed to buy one US Dollar. Within Africa, MGA ranks #41 of 44 currencies tracked on this site for that continent.
ℹ️ This ranks currencies by face value per unit against the US Dollar — the same measure used in "world's strongest currencies" lists. It reflects historical denomination, not economic size, purchasing power or GDP.
📇 How this number is worked out: MGA currently trades at 4,273.3128 per US Dollar. Comparing that to all 162 tracked currencies — 150 of them trade at a lower rate (so are stronger than MGA), and 11 trade at a higher rate (so are weaker). That places MGA at rank #151 = 1 + 150 currencies stronger than it.
Weakest ← → Strongest
The currencies ranked immediately above and below MGA by per-unit value — the most relevant comparison, since these are the currencies closest to it in worth.
| Rank | Currency | Value per US Dollar |
|---|---|---|
| #149 | UGX — Ugandan Shilling | 3,741.6851 per $1 |
| #150 | KHR — Cambodian Riel | 4,038.6661 per $1 |
| #151 | MGA — Malagasy Ariary ⬤ (this page) | 4,273.3128 per $1 |
| #152 | PYG — Paraguayan Guarani | 5,963.9466 per $1 |
| #153 | GNF — Guinean Franc | 8,767.7392 per $1 |
See how the Malagasy Ariary (MGA) compares against every other currency used across Africa. This MGA regional currency comparison is essential for intra-continental trade pricing, cross-border travel budgeting, regional investment analysis, and understanding Madagascar's currency strength relative to its continental neighbours. Each row shows both the direct and inverse conversion rate so you can instantly calculate costs in either direction.
⏰ Live Rate • Updated Hourly • Aug 3, 2026 3:30 PM UTC
🌍 Planning to travel or trade in Africa? Compare exchange rates and use our currency converter for accurate regional conversions.
The Malagasy ariary (MGA) serves as the official monetary unit of Madagascar, facilitating all domestic and international financial transactions. Represented by the symbol Ar, this currency plays a crucial role in Madagascar's economy, international trade relationships and global financial markets. See the full MGA currency profile for ISO code and symbol reference.
The ISO 4217 standard currency code MGA is universally recognized in international banking systems, forex trading platforms, financial documentation and electronic payment processing. This three-letter code ensures accurate currency identification across global financial networks, preventing errors in international money transfers, foreign exchange transactions and cross-border commerce operations. View the live MGA exchange rates table for current conversion data.
The MGA exchange rate fluctuates continuously in global forex markets based on economic indicators, central bank policies, trade balances, inflation rates, political stability and investor sentiment. Real-time MGA exchange rates are essential for international businesses conducting import/export operations, multinational corporations managing currency risk, forex traders executing market strategies and travelers planning international trips to Madagascar. Track current rates in the MGA exchange rates table above.
Major MGA currency pairs traded in forex markets include MGA/USD (Malagasy ariary to US Dollar), MGA/EUR (Malagasy ariary to Euro), MGA/GBP (Malagasy ariary to British Pound) and MGA/JPY (Malagasy ariary to Japanese Yen). Professional forex traders analyze technical indicators, economic data releases and geopolitical events to predict MGA price movements and identify profitable trading opportunities. Compare rates in the MGA vs major world currencies card.
Businesses engaged in international trade with Madagascar must manage MGA currency exposure through hedging strategies, forward contracts and currency options to mitigate exchange rate risk. Understanding MGA conversion rates is critical for accurate pricing strategies, profit margin calculations, contract negotiations and financial forecasting when conducting business operations in Madagascar's markets. See regional currency rates in Africa for cross-border context.
Importers purchasing goods from Madagascar require MGA to settle invoices, while exporters selling products to Madagascar receive payment in Malagasy ariary. Currency conversion fees, bank transfer charges and exchange rate spreads significantly impact transaction costs, making competitive MGA exchange rates essential for maintaining profit margins in cross-border commerce. Check the full MGA exchange rates table for current rates.
Travelers visiting Madagascar need to exchange their home currency for Malagasy ariary (MGA) to pay for accommodations, transportation, dining, shopping and tourist attractions. The MGA exchange rate directly affects travel budgets, with favorable rates providing greater purchasing power for international visitors exploring Madagascar's destinations.
Currency exchange options for travelers include airport exchange counters, local banks, ATM withdrawals, credit card transactions and specialized currency exchange services. Comparing MGA exchange rates across providers helps travelers minimize conversion fees and secure the best value when converting foreign currency to Malagasy ariary for their Madagascar travel expenses. See MGA vs major currencies for USD, EUR and GBP travel rates.
Our MGA currency converter provides instant exchange rate calculations between Malagasy ariary and 180+ world currencies, powered by real-time market data updated hourly. This professional-grade tool serves forex traders conducting technical analysis, business professionals managing international payments, e-commerce merchants pricing products for Madagascar's market and travelers planning trip budgets.
Access historical MGA exchange rates, currency trend charts, volatility analysis and comparative currency data to support strategic decision-making in international finance, cross-border investments and global business expansion initiatives targeting Madagascar's economy. Our comprehensive currency database includes ISO 4217 codes, currency symbols, decimal specifications and related financial reference data for professional applications.
The MGA value reflects Madagascar's economic health, including GDP growth rates, unemployment levels, inflation trends, trade balance figures, foreign investment flows and central bank monetary policies. Financial analysts and market researchers monitor these MGA economic indicators to forecast currency movements, assess investment opportunities and evaluate country risk for international business ventures.
Understanding Malagasy ariary dynamics is essential for portfolio managers allocating assets internationally, corporate treasurers managing foreign exchange exposure, financial institutions processing cross-border payments and businesses expanding operations into Madagascar's market. Stay informed with our live MGA exchange rates, market insights and professional currency tools designed for international finance professionals and global business operations.