Ghana 
Kenya 
Nigeria 
Uganda 
Australia 
Bangladesh 
Bhutan 
China 
Hong Kong 
India 
Indonesia 
Japan 
Malaysia 
Nepal 
New Zealand 
Pakistan 
Philippines 
Singapore 
South Korea 
Sri Lanka 
Thailand 
Vietnam 
Europe 
Austria 
Belgium 
Bulgaria 
Croatia 
Cyprus 
Czech Republic 
Denmark 
Estonia 
Finland 
France 
Germany 
Greece 
Hungary 
Iceland 
Ireland 
Italy 
Latvia 
Lithuania 
Luxembourg 
Malta 
Monaco 
Netherlands 
Norway 
Poland 
Portugal 
Romania 
San Marino 
Slovakia 
Slovenia 
Spain 
Sweden 
Switzerland 
Turkey 
United Kingdom 
Argentina 
Brazil 
Canada 
Chile 
Colombia 
Dominican Republic 
Guatemala 
Mexico 
Peru 
Uruguay Instarem vs OFX Business: Which is better for your Business?
Choosing the right business account makes a big difference in how you manage your finances…
14 Apr 2025
3 mins read
MGA - Malagasy Ariary currency
Madagascar
The Malagasy Ariary (MGA) is the currency of Madagascar and is unique in being one of the few non-decimal currencies in the world. One Ariary is subdivided into five iraimbilanja rather than 100 smaller units. Introduced in 1961 to replace the Malagasy franc, the ariary became the country’s sole legal tender in 2005. The Central Bank of Madagascar manages the issuance of banknotes and coins, with denominations ranging from small coins to high-value banknotes. The Ariary is primarily used within Madagascar, with limited exchangeability outside the country. Due to economic fluctuations, the exchange rate of the ariary can be volatile, impacting import-dependent sectors of Madagascar’s economy.
MGA - Malagasy Ariary profile
Symbol
Ar
ISO 4217 Code
MGA
Central Bank
Central Bank of Madagascar
Nicknames
Ariary
Countries using this currency
Madagascar
MGA - Malagasy Ariary live currency rates
| Currency | Rate | Change |
|---|---|---|
| AUD / INR | ||
| CAD / INR | ||
| EUR / INR | ||
| GBP / INR | ||
| MYR / INR | ||
| MYR / SGD | ||
| SGD / INR | ||
| SGD / MYR | ||
| USD / INR | ||
| USD / NPR |
Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
Send money from with better rates than banks
Africa
Asia-Pacific
Europe
America
If you cannot find the location you would like to send to, it means we currently do not support transfers to that destination, but we are working on it! Do come back and check again as we are continuously updating our services.
More currency pairings for USD
Africa
Asia-Pacific
Europe
America
If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
Our latest articles
14 Apr 2025
3 mins read
Instarem Business vs MoneyGram Business: Which is better for your Business?
Choosing the right business account can significantly impact your financial management. Here’s a…
14 Apr 2025
3 mins read
Wise Business vs Paypal Business: Which is better for your Business?
Choosing the right business account can significantly impact how you manage your finances. This comparison…
14 Apr 2025
3 mins read
Wise Business vs TransferGo Business: Which is better for your business?
Choosing the right business account can significantly impact how you manage your finances. We’re…
11 Apr 2025
3 mins read
The complete guide to payroll in the Philippines
Managing payroll in the Philippines can be complex due to the country’s strict labour…
11 Apr 2025
10 mins read
Wise Business vs OFX Business: Which is better for your business?
Choosing the right business account can significantly impact how you manage your finances. We’re…
10 Apr 2025
3 mins read
Instarem vs Airwallex Business: Which is better for your business?
Choosing the right business account can significantly impact how you manage your finances. We’…
10 Apr 2025
3 mins read
Instarem vs Revolut Business: Which is better for your business?
Choosing the right business account makes a big difference in how you manage your finances…
09 Apr 2025
3 mins read
Payroll for foreign employees in Malaysia: tax & salary guide
Managing payroll in Malaysia can be a complex process, especially when hiring foreign employees. Employers…
09 Apr 2025
13 mins read
Instarem vs TransferGo Business: Which is better for your business?
Choosing the right business account can significantly impact how you manage your finances. We’re…
07 Apr 2025
3 mins read
Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
