1 THB to MGA - Convert Thai Baht to Malagasy Ariary

Looking at the 30-day window, the THB/MGA pair traded in a range of 123.9855 to 132.4660. The monthly average was 128.3961 with 1.87% volatility. This upward movement of 2.8% suggests significant momentum in the THB/MGA exchange rate.

The current mid-market exchange rate is 1 THB = 128.4028 MGA, updated as of July 3, 2026, 1:49 PM 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.

Thai Baht to Malagasy Ariary Exchange Rate

The THB/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Thai Baht (THB). At the current mid-market rate of 1 THB = 128.4028 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.

Sending Money from THB to MGA

International money transfers from Thai Baht to Malagasy Ariary 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 THB/MGA Calculator

The free calculator at the top of this page converts any amount between Thai Baht and Malagasy Ariary 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 MGA/THB 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. The MGA exchange rate against THB reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 THB = 128.4028 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.

Reverse Rate: MGA to THB

The reverse exchange rate is 1 MGA = 0.007788 THB. This is useful if you are starting with Malagasy Ariary and want to know how much Thai Baht you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated MGA to THB converter for the reverse direction.