1 MGA to TZS - Convert Malagasy Ariary to Tanzanian Shilling

Looking at the 30-day window, the MGA/TZS pair traded in a range of 0.608500 to 0.647300. The monthly average was 0.624689 with 1.81% volatility. This upward movement of 2.4% suggests significant momentum in the MGA/TZS exchange rate.

The current mid-market exchange rate is 1 MGA = 0.616244 TZS, updated as of July 3, 2026, 6:28 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 Tanzanian Shilling Exchange Rate

The MGA/TZS exchange rate tells you how many Tanzanian Shilling (TZS) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.616244 TZS, 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.

Historical MGA/TZS Trends

The MGA/TZS 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.

Tanzanian Shilling Overview

The Tanzanian Shilling (TZS) is the official currency of Tanzania. Tourism (Kilimanjaro, Serengeti, Zanzibar) and gold mining are the country's top foreign exchange sources. The TZS exchange rate against MGA reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.616244 TZS 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.

Reverse Rate: TZS to MGA

The reverse exchange rate is 1 TZS = 1.6227 MGA. This is useful if you are starting with Tanzanian Shilling 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 TZS to MGA converter for the reverse direction.