1 GNF to MGA - Convert Guinean Franc to Malagasy Ariary

Looking at the 30-day window, the GNF/MGA pair traded in a range of 0.466300 to 0.493800. The monthly average was 0.477587 with 1.45% volatility. The relatively low volatility indicates stable trading conditions for the GNF/MGA currency pair.

The current mid-market exchange rate is 1 GNF = 0.485781 MGA, updated as of July 3, 2026, 11:07 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.

Guinean Franc to Malagasy Ariary Exchange Rate

The GNF/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Guinean Franc (GNF). At the current mid-market rate of 1 GNF = 0.485781 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 GNF to MGA Rate

Exchange rates between Guinean Franc 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 GNF/MGA rate fluctuates throughout trading sessions and over longer time periods.

Sending Money from GNF to MGA

International money transfers from Guinean Franc to Malagasy Ariary 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.

Using the GNF/MGA Calculator

The free calculator at the top of this page converts any amount between Guinean Franc 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/GNF rate. Bookmark this page to check the rate whenever you need a quick reference for planning transfers or purchases.

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 GNF reflects relative economic conditions between the two currency areas.

Reverse Rate: MGA to GNF

The reverse exchange rate is 1 MGA = 2.0585 GNF. This is useful if you are starting with Malagasy Ariary and want to know how much Guinean Franc 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 GNF converter for the reverse direction.