1 MGA to KES - Convert Malagasy Ariary to Kenyan Shilling

Looking at the 30-day window, the MGA/KES pair traded in a range of 0.029600 to 0.031700. The monthly average was 0.030797 with 1.8% volatility. This downward movement of 2.5% suggests significant momentum in the MGA/KES exchange rate.

The current mid-market exchange rate is 1 MGA = 0.030310 KES, updated as of July 3, 2026, 7:50 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 Kenyan Shilling Exchange Rate

The MGA/KES exchange rate tells you how many Kenyan Shilling (KES) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.030310 KES, 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/KES Conversion

Converting Malagasy Ariary to Kenyan Shilling 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 KES Rate

Exchange rates between Malagasy Ariary and Kenyan Shilling 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/KES rate fluctuates throughout trading sessions and over longer time periods.

Sending Money from MGA to KES

International money transfers from Malagasy Ariary to Kenyan Shilling 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.

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 KES and other currencies.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.030310 KES 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.