1 KZT to MGA - Convert Kazakhstani Tenge to Malagasy Ariary

Looking at the 30-day window, the KZT/MGA pair traded in a range of 8.5334 to 9.1354. The monthly average was 8.9099 with 1.82% volatility. This downward movement of 2.5% suggests significant momentum in the KZT/MGA exchange rate.

The current mid-market exchange rate is 1 KZT = 8.9027 MGA, updated as of July 3, 2026, 6:31 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.

Kazakhstani Tenge to Malagasy Ariary Exchange Rate

The KZT/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Kazakhstani Tenge (KZT). At the current mid-market rate of 1 KZT = 8.9027 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 KZT to MGA Rate

Exchange rates between Kazakhstani Tenge 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 KZT/MGA rate fluctuates throughout trading sessions and over longer time periods.

Kazakhstani Tenge Overview

The Kazakh Tenge (KZT) is the official currency of Kazakhstan, Central Asia's largest economy. Oil and mineral exports drive the tenge's value. Understanding the fundamentals behind KZT 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 KZT reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 KZT = 8.9027 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.