Convert MGA to ZAR — live rate

Convert Malagasy Ariaries to South African Rands and compare the real cost of sending money.

MGA
ZAR
1 MGA = 0.0036 ZAR Mid-market rate
Updated just now
Compare transfers for MGA → ZAR
No signup required FCA-regulated providers only

Historical MGA/ZAR exchange rate

Loading...

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

Quick reference: MGA to ZAR

1 MGA 0.00 ZAR
5 MGA 0.02 ZAR
10 MGA 0.04 ZAR
50 MGA 0.18 ZAR
100 MGA 0.36 ZAR
500 MGA 1.80 ZAR
1,000 MGA 3.59 ZAR
5,000 MGA 17.96 ZAR

Real cost of MGA → ZAR

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

See cheapest providers

Compare MGA → ZAR providers

See today's best rates from FCA-regulated specialists for your transfer.

Compare providers

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
ZAR — South African Rand
ISO Code ZAR
Symbol R
Central Bank South African Reserve Bank
Common Notes R10, R20, R50, R100, R200
Learn more about ZAR

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