1 MZN to MGA - Convert Mozambican Metical to Malagasy Ariary

Looking at the 30-day window, the MZN/MGA pair traded in a range of 62.7950 to 67.6258. The monthly average was 65.3863 with 1.83% volatility. This downward movement of 2.1% suggests significant momentum in the MZN/MGA exchange rate.

The current mid-market exchange rate is 1 MZN = 66.9642 MGA, updated as of July 3, 2026, 6:29 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.

Mozambican Metical to Malagasy Ariary Exchange Rate

The MZN/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Mozambican Metical (MZN). At the current mid-market rate of 1 MZN = 66.9642 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 MZN to MGA Rate

Exchange rates between Mozambican Metical 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 MZN/MGA rate fluctuates throughout trading sessions and over longer time periods.

Historical MZN/MGA Trends

The MZN/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.

Mozambican Metical Overview

The Mozambican Metical (MZN) is the official currency of Mozambique. Natural gas discoveries and aluminum exports are reshaping the country's economic outlook. Understanding the fundamentals behind MZN helps contextualize its exchange rate movements against MGA and other currencies.

Mid-Market Rate Explained

The mid-market rate of 1 MZN = 66.9642 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.