1 MGA to ALL - Convert Malagasy Ariary to Albanian Lek

Looking at the 30-day window, the MGA/ALL pair traded in a range of 0.019000 to 0.020300. The monthly average was 0.019636 with 2.1% volatility. The relatively low volatility indicates stable trading conditions for the MGA/ALL currency pair.

The current mid-market exchange rate is 1 MGA = 0.019356 ALL, updated as of July 3, 2026, 9:38 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.

Malagasy Ariary to Albanian Lek Exchange Rate

The MGA/ALL exchange rate tells you how many Albanian Lek (ALL) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.019356 ALL, 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.

How to Get the Best MGA to ALL 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 MGA/ALL Trends

The MGA/ALL 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.

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. Understanding the fundamentals behind MGA helps contextualize its exchange rate movements against ALL and other currencies.

Albanian Lek Overview

The Albanian Lek (ALL) is the official currency of Albania, an EU candidate country. Tourism to the Albanian Riviera and diaspora remittances are key economic drivers. The ALL exchange rate against MGA reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.019356 ALL 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.