1 CVE to MGA - Convert Cape Verdean Escudo to Malagasy Ariary

Looking at the 30-day window, the CVE/MGA pair traded in a range of 42.4763 to 46.0491. The monthly average was 44.2657 with 2.18% volatility. This downward movement of 2.2% suggests significant momentum in the CVE/MGA exchange rate.

The current mid-market exchange rate is 1 CVE = 43.6973 MGA, updated as of July 3, 2026, 8:49 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.

Cape Verdean Escudo to Malagasy Ariary Exchange Rate

The CVE/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Cape Verdean Escudo (CVE). At the current mid-market rate of 1 CVE = 43.6973 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.

Historical CVE/MGA Trends

The CVE/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.

Using the CVE/MGA Calculator

The free calculator at the top of this page converts any amount between Cape Verdean Escudo and Malagasy Ariary instantly using live market data. Simply enter an amount in either currency to see the converted value in the other. The tool also shows a conversion table for common amounts, a historical rate chart, and the inverse MGA/CVE rate. Bookmark this page to check the rate whenever you need a quick reference for planning transfers or purchases.

Cape Verdean Escudo Overview

The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, pegged to the Euro. Tourism and remittances are the island archipelago's primary economic drivers. Understanding the fundamentals behind CVE helps contextualize its exchange rate movements against MGA and other currencies.

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 CVE reflects relative economic conditions between the two currency areas.