1 MGA to AMD - Convert Malagasy Ariary to Armenian Dram

Looking at the 30-day window, the MGA/AMD pair traded in a range of 0.087300 to 0.092600. The monthly average was 0.089918 with 1.51% volatility. The relatively low volatility indicates stable trading conditions for the MGA/AMD currency pair.

The current mid-market exchange rate is 1 MGA = 0.086215 AMD, updated as of July 3, 2026, 10:23 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.

Malagasy Ariary to Armenian Dram Exchange Rate

The MGA/AMD exchange rate tells you how many Armenian Dram (AMD) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.086215 AMD, 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.

Understanding the MGA/AMD Conversion

Converting Malagasy Ariary to Armenian Dram involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

Historical MGA/AMD Trends

The MGA/AMD 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.

Armenian Dram Overview

The Armenian Dram (AMD) is the official currency of Armenia. The currency strengthened dramatically in 2022-2023 when over 100,000 Russian relocants brought massive foreign currency inflows. The AMD exchange rate against MGA reflects relative economic conditions between the two currency areas.

Reverse Rate: AMD to MGA

The reverse exchange rate is 1 AMD = 11.5989 MGA. This is useful if you are starting with Armenian Dram and want to know how much Malagasy Ariary you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated AMD to MGA converter for the reverse direction.