What is the current PGK to MGA exchange rate?

The current mid-market exchange rate is 1 PGK = 969.1500 MGA. This rate is updated in real-time. Banks typically add a 2-3% markup, while specialist providers offer rates closer to the mid-market rate.

How can I get the best PGK to MGA rate?

To get the best rate, compare FCA-regulated money transfer specialists instead of using your bank. Specialist providers typically charge 0.3-1% vs banks' 2-3% markup. For larger amounts (£1,000+), the savings can be significant.

Is it a good time to convert PGK to MGA?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the PGK/MGA rate has moved over time. For large transfers, consider setting up rate alerts or using a forward contract to lock in today's rate.

Convert PGK to MGA — live rate

Convert Papua New Guinean Kinas to Malagasy Ariaries and compare the real cost of sending money.

You send

PGK

They receive

MGA

1 PGK = 969.1500 MGA • Mid-market rate

Updated just now

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Historical PGK/MGA exchange rate

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

Quick reference: PGK to MGA

1 PGK → 969.15 MGA

5 PGK → 4,845.75 MGA

10 PGK → 9,691.50 MGA

50 PGK → 48,457.50 MGA

100 PGK → 96,915.00 MGA

500 PGK → 484,575.00 MGA

1,000 PGK → 969,150.00 MGA

5,000 PGK → 4,845,750.00 MGA

Currency snapshots

PGK — Papua New Guinean Kina

ISO Code PGK

Central Bank Bank of Papua New Guinea

Common Notes K2, K5, K10, K20, K50, K100

Learn more about PGK

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.

Convert PGK to MGA — live rate

Historical PGK/MGA exchange rate

Quick reference: PGK to MGA

Real cost of PGK → MGA

Estimated savings

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Currency snapshots