1 AMD to MGA - Convert Armenian Dram to Malagasy Ariary

Looking at the 30-day window, the AMD/MGA pair traded in a range of 10.7720 to 11.5270. The monthly average was 11.1242 with 1.81% volatility. This downward movement of 2.2% suggests significant momentum in the AMD/MGA exchange rate.

The current mid-market exchange rate is 1 AMD = 11.5989 MGA, updated as of July 3, 2026, 9:53 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.

Armenian Dram to Malagasy Ariary Exchange Rate

The AMD/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Armenian Dram (AMD). At the current mid-market rate of 1 AMD = 11.5989 MGA, 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.

How to Get the Best AMD to MGA Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

Historical AMD/MGA Trends

The AMD/MGA 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.

Malagasy Ariary Overview

The Malagasy Ariary (MGA) is the official currency of Madagascar. Vanilla production (Madagascar produces 80% of the world's supply), mining, and tourism drive the economy. The MGA exchange rate against AMD reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 AMD = 11.5989 MGA shown on this page is the fairest available exchange rate. It sits exactly between the buy and sell prices quoted by major financial institutions. No single provider can offer exactly the mid-market rate since their business model requires a small spread, but the best providers come within 0.5-1% of this benchmark. Use our rate as your comparison baseline.

Reverse Rate: MGA to AMD

The reverse exchange rate is 1 MGA = 0.086215 AMD. This is useful if you are starting with Malagasy Ariary and want to know how much Armenian Dram you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated MGA to AMD converter for the reverse direction.