Convert ISK to MGA — live rate

Convert Icelandic Krónas to Malagasy Ariaries and compare the real cost of sending money.

ISK
MGA
1 ISK = 35.5914 MGA • Mid-market rate
Updated just now
Compare transfers for ISK → MGA
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Historical ISK/MGA exchange rate

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

Quick reference: ISK to MGA

1 ISK → 35.59 MGA
5 ISK → 177.96 MGA
10 ISK → 355.91 MGA
50 ISK → 1,779.57 MGA
100 ISK → 3,559.14 MGA
500 ISK → 17,795.70 MGA
1,000 ISK → 35,591.40 MGA
5,000 ISK → 177,957.00 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

ISK — Icelandic Króna
ISO Code ISK
Symbol kr
Central Bank Central Bank of Iceland
Common Notes kr500, kr1000, kr2000, kr5000
Learn more about ISK
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.