1 MGA to EGP - Convert Malagasy Ariary to Egyptian Pound

Looking at the 30-day window, the MGA/EGP pair traded in a range of 0.012500 to 0.013100. The monthly average was 0.012729 with 1.41% volatility. The relatively low volatility indicates stable trading conditions for the MGA/EGP currency pair.

The current mid-market exchange rate is 1 MGA = 0.011510 EGP, updated as of July 3, 2026, 6:28 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 Egyptian Pound Exchange Rate

The MGA/EGP exchange rate tells you how many Egyptian Pound (EGP) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.011510 EGP, 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/EGP Conversion

Converting Malagasy Ariary to Egyptian Pound 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.

What Affects the MGA to EGP Rate

Exchange rates between Malagasy Ariary and Egyptian Pound 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/EGP rate fluctuates throughout trading sessions and over longer time periods.

Sending Money from MGA to EGP

International money transfers from Malagasy Ariary to Egyptian Pound 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/EGP Calculator

The free calculator at the top of this page converts any amount between Malagasy Ariary and Egyptian Pound 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 EGP/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 EGP and other currencies.