1 MGA to MNT - Convert Malagasy Ariary to Mongolian Tugrik

Looking at the 30-day window, the MGA/MNT pair traded in a range of 0.833200 to 0.892100. The monthly average was 0.860510 with 2.01% volatility. The relatively low volatility indicates stable trading conditions for the MGA/MNT currency pair.

The current mid-market exchange rate is 1 MGA = 0.839316 MNT, updated as of July 3, 2026, 11:32 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 Mongolian Tugrik Exchange Rate

The MGA/MNT exchange rate tells you how many Mongolian Tugrik (MNT) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.839316 MNT, 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/MNT Conversion

Converting Malagasy Ariary to Mongolian Tugrik 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.

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 MNT and other currencies.

Mongolian Tugrik Overview

The Mongolian Tugrik (MNT) is the official currency of Mongolia. Mining exports, particularly copper and gold, are the primary drivers of the tugrik's value. The MNT exchange rate against MGA reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.839316 MNT 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: MNT to MGA

The reverse exchange rate is 1 MNT = 1.1914 MGA. This is useful if you are starting with Mongolian Tugrik 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 MNT to MGA converter for the reverse direction.