1 JMD to MGA - Convert Jamaican Dollar to Malagasy Ariary

Looking at the 30-day window, the JMD/MGA pair traded in a range of 26.0511 to 27.8970. The monthly average was 27.1046 with 1.75% volatility. The relatively low volatility indicates stable trading conditions for the JMD/MGA currency pair.

The current mid-market exchange rate is 1 JMD = 27.1656 MGA, updated as of July 3, 2026, 10:24 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.

Jamaican Dollar to Malagasy Ariary Exchange Rate

The JMD/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Jamaican Dollar (JMD). At the current mid-market rate of 1 JMD = 27.1656 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 JMD to MGA Rate

Exchange rates between Jamaican Dollar 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 JMD/MGA rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best JMD 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 JMD/MGA Trends

The JMD/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.

Mid-Market Rate Explained

The mid-market rate of 1 JMD = 27.1656 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.