Convert JMD to MGA — live rate

Convert Jamaican Dollars to Malagasy Ariaries and compare the real cost of sending money.

JMD
MGA
1 JMD = 28.4916 MGA • Mid-market rate
Updated just now
Compare transfers for JMD → MGA
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Historical JMD/MGA exchange rate

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

Quick reference: JMD to MGA

1 JMD → 28.49 MGA
5 JMD → 142.46 MGA
10 JMD → 284.92 MGA
50 JMD → 1,424.58 MGA
100 JMD → 2,849.16 MGA
500 JMD → 14,245.80 MGA
1,000 JMD → 28,491.60 MGA
5,000 JMD → 142,458.00 MGA

Real cost of JMD → MGA

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 JMD
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

JMD — Jamaican Dollar
ISO Code JMD
Symbol J$
Central Bank Bank of Jamaica
Common Notes J$50, J$100, J$500, J$1000, J$5000
Learn more about JMD
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.