1 MGA to COP - Convert Malagasy Ariary to Colombian Peso

Looking at the 30-day window, the MGA/COP pair traded in a range of 0.847100 to 0.904800. The monthly average was 0.875211 with 1.8% volatility. This upward movement of 3% suggests significant momentum in the MGA/COP exchange rate.

The current mid-market exchange rate is 1 MGA = 0.794156 COP, updated as of July 3, 2026, 7:29 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 Colombian Peso Exchange Rate

The MGA/COP exchange rate tells you how many Colombian Peso (COP) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.794156 COP, 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.

Sending Money from MGA to COP

International money transfers from Malagasy Ariary to Colombian 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.

Using the MGA/COP Calculator

The free calculator at the top of this page converts any amount between Malagasy Ariary and Colombian Peso instantly using live market data. Simply enter an amount in either currency to see the converted value in the other. The tool also shows a conversion table for common amounts, a historical rate chart, and the inverse COP/MGA rate. Bookmark this page to check the rate whenever you need a quick reference for planning transfers or purchases.

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 COP and other currencies.

Colombian Peso Overview

The Colombian Peso (COP) is the official currency of Colombia. Oil exports, coffee, and remittances from the diaspora are the primary drivers of peso demand. The COP exchange rate against MGA reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.794156 COP 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.