What is the current TZS to MGA exchange rate?

The current mid-market exchange rate is 1 TZS = 1.5993 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 TZS 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 TZS to MGA?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the TZS/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 TZS to MGA — live rate

Convert Tanzanian Shillings to Malagasy Ariaries and compare the real cost of sending money.

You send

TZS

They receive

MGA

1 TZS = 1.5993 MGA • Mid-market rate

Updated just now

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Historical TZS/MGA exchange rate

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

Quick reference: TZS to MGA

1 TZS → 1.60 MGA

5 TZS → 8.00 MGA

10 TZS → 15.99 MGA

50 TZS → 79.97 MGA

100 TZS → 159.93 MGA

500 TZS → 799.65 MGA

1,000 TZS → 1,599.30 MGA

5,000 TZS → 7,996.50 MGA

Currency snapshots

TZS — Tanzanian Shilling

ISO Code TZS

Central Bank Bank of Tanzania

Common Notes 500, 1000, 2000, 5000, 10000

Learn more about TZS

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 TZS to MGA — live rate

Historical TZS/MGA exchange rate

Quick reference: TZS to MGA

Real cost of TZS → MGA

Estimated savings

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Currency snapshots