1 MGA to MZN - Convert Malagasy Ariary to Mozambican Metical

Looking at the 30-day window, the MGA/MZN pair traded in a range of 0.015000 to 0.015900. The monthly average was 0.015331 with 1.99% volatility. The relatively low volatility indicates stable trading conditions for the MGA/MZN currency pair.

The current mid-market exchange rate is 1 MGA = 0.014934 MZN, updated as of July 3, 2026, 6:29 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 Mozambican Metical Exchange Rate

The MGA/MZN exchange rate tells you how many Mozambican Metical (MZN) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.014934 MZN, 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/MZN Conversion

Converting Malagasy Ariary to Mozambican Metical 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.

MGA/MZN for Travelers and Businesses

Whether you are traveling, sending money internationally, or managing business payments, the MGA to MZN rate directly affects your costs. Travelers should compare airport exchange counters, city center bureaux, and card-based options before converting. Businesses managing recurring cross-border payments benefit from setting up rate alerts and locking in favorable rates when they appear. The conversion table on this page helps you quickly reference common amounts.

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 MZN and other currencies.

Reverse Rate: MZN to MGA

The reverse exchange rate is 1 MZN = 66.9613 MGA. This is useful if you are starting with Mozambican Metical 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 MZN to MGA converter for the reverse direction.