1 DZD to MGA - Convert Algerian Dinar to Malagasy Ariary

Looking at the 30-day window, the DZD/MGA pair traded in a range of 30.5554 to 32.5616. The monthly average was 31.6542 with 1.76% volatility. The relatively low volatility indicates stable trading conditions for the DZD/MGA currency pair.

The current mid-market exchange rate is 1 DZD = 32.0154 MGA, updated as of July 3, 2026, 9:41 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.

Algerian Dinar to Malagasy Ariary Exchange Rate

The DZD/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Algerian Dinar (DZD). At the current mid-market rate of 1 DZD = 32.0154 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.

Understanding the DZD/MGA Conversion

Converting Algerian Dinar to Malagasy Ariary involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

What Affects the DZD to MGA Rate

Exchange rates between Algerian Dinar and Malagasy Ariary 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 DZD/MGA rate fluctuates throughout trading sessions and over longer time periods.

Algerian Dinar Overview

The Algerian Dinar (DZD) is the official currency of Algeria. Oil and natural gas exports account for the vast majority of government revenue and foreign exchange earnings. Understanding the fundamentals behind DZD helps contextualize its exchange rate movements against MGA and other currencies.

Mid-Market Rate Explained

The mid-market rate of 1 DZD = 32.0154 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.