1 MGA to CNY - Convert Malagasy Ariary to Chinese Yuan

Looking at the 30-day window, the MGA/CNY pair traded in a range of 0.001600 to 0.001700. The monthly average was 0.001613 with 2.07% volatility. The relatively low volatility indicates stable trading conditions for the MGA/CNY currency pair.

The current mid-market exchange rate is 1 MGA = 0.001594 CNY, updated as of July 3, 2026, 11:51 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 Chinese Yuan Exchange Rate

The MGA/CNY exchange rate tells you how many Chinese Yuan (CNY) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.001594 CNY, 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/CNY Conversion

Converting Malagasy Ariary to Chinese Yuan 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/CNY Trends

The MGA/CNY 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 CNY and other currencies.

Chinese Yuan Overview

The Chinese Yuan Renminbi (CNY) is the official currency of China. As the currency of the world's second largest economy, its exchange rate is closely watched by global markets and is managed by the People's Bank of China. The CNY exchange rate against MGA reflects relative economic conditions between the two currency areas.