Convert MGA to JEP — live rate

Convert Malagasy Ariaries to Jersey Pounds and compare the real cost of sending money.

MGA
JEP
1 MGA = 0.0002 JEP • Mid-market rate
Updated just now
Compare transfers for MGA → JEP
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Historical MGA/JEP exchange rate

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

Quick reference: MGA to JEP

1 MGA → 0.00 JEP
5 MGA → 0.00 JEP
10 MGA → 0.00 JEP
50 MGA → 0.01 JEP
100 MGA → 0.02 JEP
500 MGA → 0.09 JEP
1,000 MGA → 0.18 JEP
5,000 MGA → 0.91 JEP

Real cost of MGA → JEP

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
JEP — Jersey Pound
ISO Code JEP
Symbol £
Central Bank Treasury and Resources Department, States of Jersey
Common Notes £1, £5, £10, £20, £50
Learn more about JEP

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