1 YER to MGA - Convert Yemeni Rial to Malagasy Ariary

Looking at the 30-day window, the YER/MGA pair traded in a range of 16.8608 to 18.0462. The monthly average was 17.4049 with 1.62% volatility. The relatively low volatility indicates stable trading conditions for the YER/MGA currency pair.

The current mid-market exchange rate is 1 YER = 17.8894 MGA, updated as of July 3, 2026, 11:26 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.

Yemeni Rial to Malagasy Ariary Exchange Rate

The YER/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Yemeni Rial (YER). At the current mid-market rate of 1 YER = 17.8894 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.

Understanding the YER/MGA Conversion

Converting Yemeni Rial to Malagasy Ariary involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

What Affects the YER to MGA Rate

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

Yemeni Rial Overview

The Yemeni Rial (YER) is the official currency of Yemen. Ongoing conflict has created multiple exchange rates and severe economic disruption. Understanding the fundamentals behind YER helps contextualize its exchange rate movements against MGA and other currencies.

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 YER reflects relative economic conditions between the two currency areas.

Reverse Rate: MGA to YER

The reverse exchange rate is 1 MGA = 0.055899 YER. This is useful if you are starting with Malagasy Ariary and want to know how much Yemeni Rial 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 YER converter for the reverse direction.