1 MGA to OMR - Convert Malagasy Ariary to Omani Rial

Looking at the 30-day window, the MGA/OMR pair traded in a range of 0.000093 to 0.000100. The monthly average was 0.000100 with 1.24% volatility. This downward movement of 7% suggests significant momentum in the MGA/OMR exchange rate.

The current mid-market exchange rate is 1 MGA = 0.000090 OMR, updated as of July 3, 2026, 2:50 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 Omani Rial Exchange Rate

The MGA/OMR exchange rate tells you how many Omani Rial (OMR) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.000090 OMR, 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.

What Affects the MGA to OMR Rate

Exchange rates between Malagasy Ariary and Omani Rial 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/OMR rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best MGA to OMR Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

Sending Money from MGA to OMR

International money transfers from Malagasy Ariary to Omani Rial 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 OMR and other currencies.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.000090 OMR 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.