1 MGA to MXN - Convert Malagasy Ariary to Mexican Peso

Looking at the 30-day window, the MGA/MXN pair traded in a range of 0.004000 to 0.004300. The monthly average was 0.004129 with 2.15% volatility. This upward movement of 2.8% suggests significant momentum in the MGA/MXN exchange rate.

The current mid-market exchange rate is 1 MGA = 0.004100 MXN, updated as of July 3, 2026, 11:35 PM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Malagasy Ariary to Mexican Peso Exchange Rate

The MGA/MXN exchange rate tells you how many Mexican Peso (MXN) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.004100 MXN, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

What Affects the MGA to MXN Rate

Exchange rates between Malagasy Ariary and Mexican Peso are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the MGA/MXN rate fluctuates throughout trading sessions and over longer time periods.

Historical MGA/MXN Trends

The MGA/MXN exchange rate has fluctuated over time in response to economic cycles, policy changes, and global events. Reviewing historical charts helps identify whether the current rate is relatively favorable or unfavorable compared to recent averages. The 30-day, 90-day, and 1-year chart views on this page provide visual context for understanding where today's rate sits within the broader trend.

Sending Money from MGA to MXN

International money transfers from Malagasy Ariary to Mexican Peso can be made through banks, online transfer services, or specialist forex brokers. Transfer times range from instant to several business days depending on the corridor and provider. Online services like Wise, Revolut, and OFX typically offer better rates and lower fees than traditional bank wire transfers, though availability varies by country and currency pair.

Mexican Peso Overview

The Mexican Peso (MXN) is the official currency of Mexico and one of the most traded currencies in Latin America. Its exchange rate is significantly influenced by trade relations with the United States and nearshoring trends. The MXN exchange rate against MGA reflects relative economic conditions between the two currency areas.