Convert CUP to MGA — live rate

Convert Cuban Pesos to Malagasy Ariaries and compare the real cost of sending money.

CUP
MGA
1 CUP = 172.8900 MGA • Mid-market rate
Updated just now
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Historical CUP/MGA exchange rate

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

Quick reference: CUP to MGA

1 CUP → 172.89 MGA
5 CUP → 864.45 MGA
10 CUP → 1,728.90 MGA
50 CUP → 8,644.50 MGA
100 CUP → 17,289.00 MGA
500 CUP → 86,445.00 MGA
1,000 CUP → 172,890.00 MGA
5,000 CUP → 864,450.00 MGA

Real cost of CUP → 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 CUP
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

CUP — Cuban Peso
ISO Code CUP
Symbol ₱
Central Bank Central Bank of Cuba
Common Notes ₱1, ₱3, ₱5, ₱10, ₱20, ₱50, ₱100
Learn more about CUP
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.