1 MGA to UYU - Convert Malagasy Ariary to Uruguayan Peso

Looking at the 30-day window, the MGA/UYU pair traded in a range of 0.009200 to 0.010000. The monthly average was 0.009642 with 2.2% volatility. The relatively low volatility indicates stable trading conditions for the MGA/UYU currency pair.

The current mid-market exchange rate is 1 MGA = 0.009410 UYU, updated as of July 3, 2026, 6:30 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 Uruguayan Peso Exchange Rate

The MGA/UYU exchange rate tells you how many Uruguayan Peso (UYU) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.009410 UYU, 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.

How to Get the Best MGA to UYU 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.

Using the MGA/UYU Calculator

The free calculator at the top of this page converts any amount between Malagasy Ariary and Uruguayan Peso instantly using live market data. Simply enter an amount in either currency to see the converted value in the other. The tool also shows a conversion table for common amounts, a historical rate chart, and the inverse UYU/MGA rate. Bookmark this page to check the rate whenever you need a quick reference for planning transfers or purchases.

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 UYU and other currencies.

Uruguayan Peso Overview

The Uruguayan Peso (UYU) is the official currency of Uruguay. Agriculture (beef, soybeans), tourism, and IT services drive what is often called the "Switzerland of South America." The UYU exchange rate against MGA reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 MGA = 0.009410 UYU 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.