1 LKR to MGA - Convert Sri Lankan Rupee to Malagasy Ariary

Looking at the 30-day window, the LKR/MGA pair traded in a range of 12.7656 to 13.5521. The monthly average was 13.2332 with 1.42% volatility. The relatively low volatility indicates stable trading conditions for the LKR/MGA currency pair.

The current mid-market exchange rate is 1 LKR = 12.7051 MGA, updated as of July 3, 2026, 6:25 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.

Sri Lankan Rupee to Malagasy Ariary Exchange Rate

The LKR/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Sri Lankan Rupee (LKR). At the current mid-market rate of 1 LKR = 12.7051 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 LKR to MGA Rate

Exchange rates between Sri Lankan Rupee 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 LKR/MGA rate fluctuates throughout trading sessions and over longer time periods.

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 LKR reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 LKR = 12.7051 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.

Reverse Rate: MGA to LKR

The reverse exchange rate is 1 MGA = 0.078709 LKR. This is useful if you are starting with Malagasy Ariary and want to know how much Sri Lankan Rupee 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 LKR converter for the reverse direction.