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Malagasy Ariary (MGA)
The MGA is the official currency of Madagascar, with the symbol Ar.
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Malagasy Ariary to US Dollars: Exchange rates today
 MGA |  USD |
|---|---|
| 1 MGA | 0.00 USD |
| 10 MGA | 0.00 USD |
| 20 MGA | 0.00 USD |
| 50 MGA | 0.00 USD |
| 100 MGA | 0.00 USD |
| 250 MGA | 0.00 USD |
| 300 MGA | 0.00 USD |
| 500 MGA | 0.00 USD |
| 1,000 MGA | 0.00 USD |
| 2,000 MGA | 0.00 USD |
| 5,000 MGA | 0.01 USD |
| 10,000 MGA | 0.02 USD |
| USD | MGA |
|---|---|
| 1 USD | 414,528 MGA |
| 10 USD | 4,145,289 MGA |
| 20 USD | 8,290,579 MGA |
| 50 USD | 20,726,449 MGA |
| 100 USD | 41,452,899 MGA |
| 250 USD | 103,632,249 MGA |
| 300 USD | 124,358,699 MGA |
| 500 USD | 207,264,499 MGA |
| 1,000 USD | 414,815,899 MGA |
| 2,000 USD | 830,622,374 MGA |
| 5,000 USD | 2,076,555,936 MGA |
| 10,000 USD | 4,153,947,096 MGA |
Exchange rates are dynamic. Always remember to check the applicable rate in-app before carrying out your exchange.
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Learn more about the Malagasy Ariary
History
The Malagasy Ariary was established as the official currency of Madagascar in 2005. Its introduction was a key development for the nation, and it continues to be a central part of the economic landscape of both Madagascar and Africa. Check our guide about the evolution of MGA to USD to learn more about their exchange rate history.Characteristics
The Malagasy Ariary is divided into Iraimbilanja. You'll find Malagasy Ariary banknotes in 100, 200, 500, 1000, 2000, 5000, 10000, 20000 ariary and coins in 1, 2, 5, 10, 20, 50 iraimbilanja; 1, 2, 5, 10, 20, 50 ariary.Monetary policy
The Malagasy Ariary is managed by the Banky Foiben'i Madagasikara, which is responsible for the currency's monetary policy and currency's value. This approach allows the currency to fluctuate based on market conditions, while the central bank retains the ability to intervene to maintain stability and control inflation. This strategic management is crucial for supporting the economic growth and stability of Madagascar.Currency exchange
The value of the Malagasy Ariary is determined by a floating exchange rate. This means its value can fluctuate based on global supply and demand, reflecting the country's economic strength and market conditions.
Facts table for the Malagasy Ariary (MGA)
| Currency name | Malagasy Ariary | |
| Currency code | MGA | |
| Currency symbol | Ar | |
| Minor unit | Iraimbilanja | |
| Minor unit symbol | - | |
| Notes frequently used | 100, 200, 500, 1000, 2000, 5000, 10000, 20000 ariary | |
| Coins frequently used | 1, 2, 5, 10, 20, 50 iraimbilanja; 1, 2, 5, 10, 20, 50 ariary | |
| Central bank | Banky Foiben'i Madagasikara | |
| Users | Madagascar |
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