1 UGX to MGA - Convert Ugandan Shilling to Malagasy Ariary

Looking at the 30-day window, the UGX/MGA pair traded in a range of 1.0710 to 1.1467. The monthly average was 1.1081 with 1.86% volatility. The relatively low volatility indicates stable trading conditions for the UGX/MGA currency pair.

The current mid-market exchange rate is 1 UGX = 1.1640 MGA, updated as of July 3, 2026, 7:51 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.

Ugandan Shilling to Malagasy Ariary Exchange Rate

The UGX/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Ugandan Shilling (UGX). At the current mid-market rate of 1 UGX = 1.1640 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 UGX to MGA

International money transfers from Ugandan Shilling 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.

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 UGX reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 UGX = 1.1640 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 UGX

The reverse exchange rate is 1 MGA = 0.859129 UGX. This is useful if you are starting with Malagasy Ariary and want to know how much Ugandan Shilling 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 UGX converter for the reverse direction.