Convert MGA to AWG — live rate

Convert Malagasy Ariaries to Aruban Florins and compare the real cost of sending money.

MGA
AWG
1 MGA = 0.0004 AWG Mid-market rate
Updated just now
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Historical MGA/AWG exchange rate

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

Quick reference: MGA to AWG

1 MGA 0.00 AWG
5 MGA 0.00 AWG
10 MGA 0.00 AWG
50 MGA 0.02 AWG
100 MGA 0.04 AWG
500 MGA 0.19 AWG
1,000 MGA 0.39 AWG
5,000 MGA 1.94 AWG

Real cost of MGA → AWG

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 MGA
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

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
AWG — Aruban Florin
ISO Code AWG
Symbol ƒ
Central Bank Central Bank of Aruba
Common Notes 10, 25, 50, 100, 500 florin
Learn more about AWG

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