1 MGA to GYD - Convert Malagasy Ariary to Guyanese Dollar

Looking at the 30-day window, the MGA/GYD pair traded in a range of 0.048700 to 0.052100. The monthly average was 0.050442 with 1.86% volatility. The relatively low volatility indicates stable trading conditions for the MGA/GYD currency pair.

The current mid-market exchange rate is 1 MGA = 0.049023 GYD, updated as of July 3, 2026, 6:29 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 Guyanese Dollar Exchange Rate

The MGA/GYD exchange rate tells you how many Guyanese Dollar (GYD) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.049023 GYD, 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 GYD Rate

Exchange rates between Malagasy Ariary and Guyanese Dollar 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/GYD rate fluctuates throughout trading sessions and over longer time periods.

Sending Money from MGA to GYD

International money transfers from Malagasy Ariary to Guyanese Dollar 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/GYD Calculator

The free calculator at the top of this page converts any amount between Malagasy Ariary and Guyanese Dollar 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 GYD/MGA rate. Bookmark this page to check the rate whenever you need a quick reference for planning transfers or purchases.

Guyanese Dollar Overview

The Guyanese Dollar (GYD) is the official currency of Guyana. Recent massive oil discoveries have transformed the country's economic outlook and fiscal position. The GYD exchange rate against MGA reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.049023 GYD 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.