1 MXN to MGA - Convert Mexican Peso to Malagasy Ariary

Looking at the 30-day window, the MXN/MGA pair traded in a range of 234.0358 to 246.9519. The monthly average was 241.1383 with 1.62% volatility. The relatively low volatility indicates stable trading conditions for the MXN/MGA currency pair.

The current mid-market exchange rate is 1 MXN = 243.9306 MGA, updated as of July 3, 2026, 8:30 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.

Mexican Peso to Malagasy Ariary Exchange Rate

The MXN/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Mexican Peso (MXN). At the current mid-market rate of 1 MXN = 243.9306 MGA, 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 MXN to MGA Rate

Exchange rates between Mexican Peso and Malagasy Ariary 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 MXN/MGA rate fluctuates throughout trading sessions and over longer time periods.

MXN/MGA for Travelers and Businesses

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

The MXN/MGA 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.

Mid-Market Rate Explained

The mid-market rate of 1 MXN = 243.9306 MGA 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.