1 EUR to MGA - Convert Euro to Malagasy Ariary

Looking at the 30-day window, the EUR/MGA pair traded in a range of 4,655.0627 to 4,990.1726. The monthly average was 4,843.2831 with 1.91% volatility. The relatively low volatility indicates stable trading conditions for the EUR/MGA currency pair.

The current mid-market exchange rate is 1 EUR = 4,818.2827 MGA, updated as of July 3, 2026, 6:30 AM 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.

Euro to Malagasy Ariary Exchange Rate

The EUR/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Euro (EUR). At the current mid-market rate of 1 EUR = 4,818.2827 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.

What Affects the EUR to MGA Rate

Exchange rates between Euro 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 EUR/MGA rate fluctuates throughout trading sessions and over longer time periods.

Historical EUR/MGA Trends

The EUR/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.

Euro Overview

The Euro (EUR) is the official currency of 20 European Union member states collectively known as the Eurozone. Introduced in 1999, it is the second most traded currency globally and the second largest reserve currency after the US Dollar. Understanding the fundamentals behind EUR 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 EUR reflects relative economic conditions between the two currency areas.

Reverse Rate: MGA to EUR

The reverse exchange rate is 1 MGA = 0.000208 EUR. This is useful if you are starting with Malagasy Ariary and want to know how much Euro 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 EUR converter for the reverse direction.