1 MGA to YER - Convert Malagasy Ariary to Yemeni Rial

Looking at the 30-day window, the MGA/YER pair traded in a range of 0.055400 to 0.059800. The monthly average was 0.057398 with 2.22% volatility. The relatively low volatility indicates stable trading conditions for the MGA/YER currency pair.

The current mid-market exchange rate is 1 MGA = 0.055899 YER, updated as of July 3, 2026, 7:46 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 Yemeni Rial Exchange Rate

The MGA/YER exchange rate tells you how many Yemeni Rial (YER) you receive for every Malagasy Ariary (MGA). At the current mid-market rate of 1 MGA = 0.055899 YER, 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 YER Rate

Exchange rates between Malagasy Ariary and Yemeni 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/YER rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best MGA to YER 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 YER

International money transfers from Malagasy Ariary to Yemeni 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.

Using the MGA/YER Calculator

The free calculator at the top of this page converts any amount between Malagasy Ariary and Yemeni Rial 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 YER/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 YER and other currencies.