1 MGA to MYR - Convert Malagasy Ariary to Malaysian Ringgit

Looking at the 30-day window, the MGA/MYR pair traded in a range of 0.000900 to 0.001000. The monthly average was 0.000924 with 4.51% volatility. This upward movement of 4% suggests significant momentum in the MGA/MYR exchange rate.

The current mid-market exchange rate is 1 MGA = 0.000955 MYR, updated as of July 3, 2026, 8:33 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 Malaysian Ringgit Exchange Rate

The MGA/MYR exchange rate tells you how many Malaysian Ringgit (MYR) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.000955 MYR, 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/MYR Conversion

Converting Malagasy Ariary to Malaysian Ringgit 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/MYR Trends

The MGA/MYR 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 MYR and other currencies.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.000955 MYR 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.