1 MGA to PKR - Convert Malagasy Ariary to Pakistani Rupee

Looking at the 30-day window, the MGA/PKR pair traded in a range of 0.063800 to 0.068500. The monthly average was 0.065768 with 1.95% volatility. This downward movement of 2.8% suggests significant momentum in the MGA/PKR exchange rate.

The current mid-market exchange rate is 1 MGA = 0.065086 PKR, updated as of July 3, 2026, 8:37 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 Pakistani Rupee Exchange Rate

The MGA/PKR exchange rate tells you how many Pakistani Rupee (PKR) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.065086 PKR, 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.

MGA/PKR for Travelers and Businesses

Whether you are traveling, sending money internationally, or managing business payments, the MGA to PKR 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.

Historical MGA/PKR Trends

The MGA/PKR 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 PKR and other currencies.

Reverse Rate: PKR to MGA

The reverse exchange rate is 1 PKR = 15.3643 MGA. This is useful if you are starting with Pakistani Rupee 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 PKR to MGA converter for the reverse direction.