💱 Sofia Currency: Malagasy Ariary (MGA) Exchange Rates & Symbols 2026

💰 Malagasy Ariary (MGA) — Sofia, Madagascar Currency & Exchange Rates

The official currency of Sofia, Madagascar is the Malagasy Ariary (MGA), represented by the symbol Ar. This page provides live MGA exchange rates for Sofia against the world's most actively traded currencies — USD, EUR, JPY, GBP and CNY — refreshed regularly for reliable forex reference. Whether you are a logistics planner, cross-border trade specialist or finance professional operating in Madagascar, accurate MGA conversion data is essential for cost estimation, invoice pricing and strategic financial planning.

Use this page to check the MGA exchange rate for international trade with Sofia • cross-border payment settlements • business invoice conversion • forex market research for Madagascar operations • travel budget planning • remittance and multi-currency financial management • investment valuation in Africa markets.

Sofia is a state in Madagascar, located in Africa. All financial transactions, government revenues, retail purchases and business dealings within Sofia are conducted using the Malagasy Ariary (MGA) — the same national monetary unit used across all states and regions of Madagascar. For the complete country-level currency data, visit the Madagascar Currency page.

💰 Malagasy Ariary Currency Profile — Sofia, Madagascar

Malagasy Ariary (MGA) is the official legal tender of Madagascar, used across all states including Sofia. Identified by the currency symbol Ar and the ISO 4217 code MGA, this currency underpins all financial transactions, government revenues and business dealings in Sofia. This profile is useful for international invoicing, forex identification, banking transactions and cross-border payment processing involving Sofia, Madagascar.

Currency Name	Malagasy Ariary
ISO 4217 Code	MGA
Currency Symbol	Ar
State	Sofia
Country	Madagascar
Continent	Africa

📊 MGA Exchange Rates — Sofia, Madagascar

Live MGA exchange rates for Sofia — 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 travellers dealing with Sofia, Madagascar.

⏰ Updated hourly • Jun 27, 2026 11:30 AM UTC

Currency	Code	1 MGA =	Inverse Rate
United States Dollar	USD	0.0002	1 = 4,233.6197 MGA
Euro	EUR	0.0002	1 = 4,821.8794 MGA
Japanese Yen	JPY	0.0382	1 = 26.1730 MGA
British Pound Sterling	GBP	0.0002	1 = 5,588.8041 MGA
Chinese Yuan	CNY	0.0016	1 = 622.7560 MGA
Australian Dollar	AUD	0.0003	1 = 2,919.0815 MGA
Canadian Dollar	CAD	0.0003	1 = 2,982.5776 MGA
Swiss Franc	CHF	0.0002	1 = 5,229.5318 MGA
Mexican Peso	MXN	0.0041	1 = 241.8631 MGA

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💱 Malagasy Ariary VS Major World Currencies — Sofia

Compare the Malagasy Ariary (MGA) — the currency used in Sofia, Madagascar — against the five most traded currencies in global forex markets: 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 Sofia imports and exports, benchmarking MGA strength and planning international financial transactions in or with Madagascar.

⏰ Live Rate • Updated Hourly • Jun 27, 2026 11:30 AM UTC

Symbol	Currency	Exchange Rate	Inverse Rate
$	🇺🇸 USD United States Dollar	Ar 1 = $ 0.0002	$ 1 = Ar 4,233.6197
€	🇪🇺 EUR Euro	Ar 1 = € 0.0002	€ 1 = Ar 4,821.8794
¥	🇯🇵 JPY Japanese Yen	Ar 1 = ¥ 0.0382	¥ 1 = Ar 26.1730
£	🇬🇧 GBP British Pound Sterling	Ar 1 = £ 0.0002	£ 1 = Ar 5,588.8041
¥	🇨🇳 CNY Chinese Yuan	Ar 1 = ¥ 0.0016	¥ 1 = Ar 622.7560

💡 Need more conversions? Use our Currency Converter Tool for hourly-updated rates, historical data and calculations for 100+ currencies.

🌎 Regional Currencies in Africa — Sofia Currency

See how the Malagasy Ariary (MGA) — used in Sofia, Madagascar — compares against currencies used by neighbouring countries across Africa. This regional 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 • Jun 27, 2026 11:30 AM UTC

Country	Currency	Exchange Rate	Inverse Rate
Nigeria	NGN Nigerian naira	Ar 1 = ₦ 0.3251	₦ 1 = Ar 3.0765
Ethiopia	ETB Ethiopian birr	Ar 1 = Br 0.0381	Br 1 = Ar 26.2361
Egypt	EGP Egyptian pound	Ar 1 = E£ 0.0117	E£ 1 = Ar 85.4758
Democratic Republic Of The Congo	CDF Congolese franc	Ar 1 = Fr 0.5356	Fr 1 = Ar 1.8671
Tanzania	TZS Tanzanian shilling	Ar 1 = Sh 0.6212	Sh 1 = Ar 1.6098
South Africa	ZAR South African rand	Ar 1 = R 0.0040	R 1 = Ar 249.2154
Kenya	KES Kenyan shilling	Ar 1 = Sh 0.0305	Sh 1 = Ar 32.7426
Sudan	SDG Sudanese pound	Ar 1 = ج.س. 0.1417	ج.س. 1 = Ar 7.0560

🌍 Planning to travel or trade in Africa? Compare exchange rates and use our currency converter for accurate regional conversions.

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Sofia Currency — MGA Exchange Rate Guide for Business & Travel

💰 Currency Used in Sofia

Every financial transaction in Sofia, Madagascar uses the Malagasy Ariary (MGA) with the symbol Ar. Whether you are a supply chain professional, logistics operator or cross-border trade specialist, the MGA rate directly impacts your cost calculations, invoice amounts and profit margins for any business activity in Sofia. See the full currency profile and MGA exchange rates table above.

📈 Forex & Market Intelligence

The MGA exchange rate against major global currencies like USD, EUR and GBP directly affects import/export pricing, investment returns and revenue projections for operations in Sofia, Madagascar. Monitoring these rates supports strategic decision-making, competitive pricing and financial risk management. Track live rates in the MGA exchange rates table.

✈️ Travel & Currency Planning

Visitors travelling to Sofia should convert to MGA (Ar) before arrival. Understanding the current exchange rate helps estimate daily budgets, accommodation costs, local transport and shopping expenses — ensuring a well-planned, cost-controlled trip to Sofia. Check MGA vs major currencies for travel conversion rates.

🌎 Regional Monetary System

As a state within Madagascar in Africa, Sofia uses the same national currency as every other state and region across the country. For the full country-level currency profile, broader forex data and all converter tools, visit the Madagascar Currency page.

📋 Cross-Border Commerce in Sofia

Businesses engaged in international trade with Sofia rely on accurate MGA conversion rates for contract pricing, payment settlements and cash flow forecasting. Importers from Madagascar and exporters supplying Sofia's markets both benefit from tracking real-time MGA movements against USD, EUR and regional currencies. View Africa regional currency rates for cross-border context.

💳 Investment & Financial Planning

Investors and financial planners targeting Sofia need reliable MGA exchange rate data for portfolio valuation, FDI analysis and remittance planning. The MGA rate against JPY, GBP and CNY also matters for businesses with multi-currency exposure across Africa markets. See MGA vs major world currencies for full comparison.

🔎 Related State & Country Tools

🗺 Sofia Map View the Sofia satellite map with precise GPS coordinates for location intelligence.

🏙️ Cities in Sofia Explore cities and towns in Sofia for demographic facts and market research.

✈️ Sofia Travel Guide Access the travel standards guide for electrical plugs, driving rules and emergency numbers.

Frequently Asked Questions — Sofia Currency & MGA Exchange Rates

What is the official currency of Sofia?

The official currency of Sofia, Madagascar is the Malagasy Ariary with ISO code MGA and symbol Ar. This is the national monetary unit of Madagascar and is accepted across all states including Sofia.

What is the MGA exchange rate against the US Dollar?

The MGA to USD exchange rate is shown in the exchange rates table above and updated regularly. Use our dedicated MGA to USD converter for the most accurate rate for financial transactions, cross-border payments and international business operations related to Sofia.

Which currencies can I convert MGA into?

You can convert MGA into all major world currencies including USD, EUR, JPY, GBP and CNY. This page shows live exchange rates for Sofia's currency against all five of these globally traded currencies — see the MGA vs major currencies card and the full exchange rates table — making it useful for forex trading, international procurement, remittance transfers and travel budgeting.

Is the currency in Sofia the same as in the rest of Madagascar?

Yes. Sofia uses the same national currency — Malagasy Ariary (MGA) — as all other states and territories of Madagascar. There is no separate regional or local currency in Sofia.

How does the MGA rate affect business in Sofia?

The MGA exchange rate directly influences import/export costs, supplier payment amounts, retail pricing and investment valuations for businesses in Sofia. A stronger MGA makes imports cheaper but can reduce export competitiveness, while a weaker MGA boosts exports but raises import and raw material costs. Monitoring the MGA rate is a core part of location intelligence and market research for Madagascar.

Current Date And Time In Sofia, Madagascar