Convert PHP to MGA — live rate

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

PHP
MGA
1 PHP = 69.3222 MGA • Mid-market rate
Updated just now
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Historical PHP/MGA exchange rate

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

Quick reference: PHP to MGA

1 PHP → 69.32 MGA
5 PHP → 346.61 MGA
10 PHP → 693.22 MGA
50 PHP → 3,466.11 MGA
100 PHP → 6,932.22 MGA
500 PHP → 34,661.10 MGA
1,000 PHP → 69,322.20 MGA
5,000 PHP → 346,611.00 MGA

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

*Estimate based on typical provider rates

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Currency snapshots

PHP — Philippine Peso
ISO Code PHP
Symbol ₱
Central Bank Central Bank of the Philippines
Common Notes ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000
Learn more about PHP
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.