1 MGA to LRD - Convert Malagasy Ariary to Liberian Dollar

Looking at the 30-day window, the MGA/LRD pair traded in a range of 0.042400 to 0.045900. The monthly average was 0.044159 with 1.68% volatility. The relatively low volatility indicates stable trading conditions for the MGA/LRD currency pair.

The current mid-market exchange rate is 1 MGA = 0.042513 LRD, updated as of July 3, 2026, 9:49 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 Liberian Dollar Exchange Rate

The MGA/LRD exchange rate tells you how many Liberian Dollar (LRD) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.042513 LRD, 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/LRD Conversion

Converting Malagasy Ariary to Liberian Dollar 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.

Historical MGA/LRD Trends

The MGA/LRD 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.

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 LRD and other currencies.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.042513 LRD 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.

Reverse Rate: LRD to MGA

The reverse exchange rate is 1 LRD = 23.5222 MGA. This is useful if you are starting with Liberian Dollar and want to know how much Malagasy Ariary you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated LRD to MGA converter for the reverse direction.