1 MGA to PYG - Convert Malagasy Ariary to Paraguayan Guarani

Looking at the 30-day window, the MGA/PYG pair traded in a range of 1.4330 to 1.5194. The monthly average was 1.4640 with 1.44% volatility. The relatively low volatility indicates stable trading conditions for the MGA/PYG currency pair.

The current mid-market exchange rate is 1 MGA = 1.4190 PYG, updated as of July 3, 2026, 9:42 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 Paraguayan Guarani Exchange Rate

The MGA/PYG exchange rate tells you how many Paraguayan Guarani (PYG) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 1.4190 PYG, 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/PYG for Travelers and Businesses

Whether you are traveling, sending money internationally, or managing business payments, the MGA to PYG 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/PYG Trends

The MGA/PYG 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 PYG and other currencies.

Reverse Rate: PYG to MGA

The reverse exchange rate is 1 PYG = 0.704698 MGA. This is useful if you are starting with Paraguayan Guarani 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 PYG to MGA converter for the reverse direction.