What is the current IQD to MGA exchange rate?

The current mid-market exchange rate is 1 IQD = 3.5404 MGA. This rate is updated in real-time. Banks typically add a 2-3% markup, while specialist providers offer rates closer to the mid-market rate.

How can I get the best IQD to MGA rate?

To get the best rate, compare FCA-regulated money transfer specialists instead of using your bank. Specialist providers typically charge 0.3-1% vs banks' 2-3% markup. For larger amounts (£1,000+), the savings can be significant.

Is it a good time to convert IQD to MGA?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the IQD/MGA rate has moved over time. For large transfers, consider setting up rate alerts or using a forward contract to lock in today's rate.

Convert IQD to MGA — live rate

Convert Iraqi Dinars to Malagasy Ariaries and compare the real cost of sending money.

You send

IQD

They receive

MGA

1 IQD = 3.5404 MGA • Mid-market rate

Updated just now

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Historical IQD/MGA exchange rate

Rates shown are indicative mid-market rates, updated regularly.

Quick reference: IQD to MGA

1 IQD → 3.54 MGA

5 IQD → 17.70 MGA

10 IQD → 35.40 MGA

50 IQD → 177.02 MGA

100 IQD → 354.04 MGA

500 IQD → 1,770.20 MGA

1,000 IQD → 3,540.39 MGA

5,000 IQD → 17,701.95 MGA

Currency snapshots

IQD — Iraqi Dinar

ISO Code IQD

Central Bank Central Bank of Iraq

Common Notes .ع50, د.ع100, د.ع250, د.ع500, د.ع1000, د.ع5000, د.ع10000

Learn more about IQD

MGA — Malagasy Ariary

ISO Code MGA

Central Bank Banque Centrale de Madagascar

Common Notes Ar100, Ar200, Ar500, Ar1000, Ar2000, Ar5000, Ar10000

Learn more about MGA

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.

Convert IQD to MGA — live rate

Historical IQD/MGA exchange rate

Quick reference: IQD to MGA

Real cost of IQD → MGA

Estimated savings

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Currency snapshots