1 MGA to CLP - Convert Malagasy Ariary to Chilean Peso

Looking at the 30-day window, the MGA/CLP pair traded in a range of 0.207400 to 0.220600. The monthly average was 0.214752 with 1.5% volatility. The relatively low volatility indicates stable trading conditions for the MGA/CLP currency pair.

The current mid-market exchange rate is 1 MGA = 0.216216 CLP, updated as of July 3, 2026, 11:32 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 Chilean Peso Exchange Rate

The MGA/CLP exchange rate tells you how many Chilean Peso (CLP) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.216216 CLP, 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 MGA to CLP Rate

Exchange rates between Malagasy Ariary and Chilean Peso 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 MGA/CLP rate fluctuates throughout trading sessions and over longer time periods.

Sending Money from MGA to CLP

International money transfers from Malagasy Ariary to Chilean Peso can be made through banks, online transfer services, or specialist forex brokers. Transfer times range from instant to several business days depending on the corridor and provider. Online services like Wise, Revolut, and OFX typically offer better rates and lower fees than traditional bank wire transfers, though availability varies by country and currency pair.

Chilean Peso Overview

The Chilean Peso (CLP) is the official currency of Chile. Copper exports (Chile produces 25% of global supply) are the primary driver of the peso's value. The CLP exchange rate against MGA reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.216216 CLP 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.