1 MGA to IRR - Convert Malagasy Ariary to Iranian Rial

Looking at the 30-day window, the MGA/IRR pair traded in a range of 304.8539 to 324.3383. The monthly average was 314.3493 with 1.72% volatility. The relatively low volatility indicates stable trading conditions for the MGA/IRR currency pair.

The current mid-market exchange rate is 1 MGA = 323.3577 IRR, updated as of July 3, 2026, 6:30 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 Iranian Rial Exchange Rate

The MGA/IRR exchange rate tells you how many Iranian Rial (IRR) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 323.3577 IRR, 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.

How to Get the Best MGA to IRR Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

Historical MGA/IRR Trends

The MGA/IRR 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.

Sending Money from MGA to IRR

International money transfers from Malagasy Ariary to Iranian Rial 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/IRR Calculator

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

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 323.3577 IRR 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.