LocalExchangeRates.com

Official Rate Sheet: Israeli New Shekel (ILS) / Malagasy Ariary (MGA)

Date generated:

Mid-Market Rate: 1 ILS = 1443.6451 MGA

Real-Time Interbank Wholesale Feed: October 6, 2026

Israeli New Shekel to Malagasy Ariary Exchange Rate (ILS to MGA)

Real-time mid-market wholesale rate with zero retail markup. Check benchmark pricing before bank conversion or international wire transfer.

Bottom Line Up Front (BLUF): How much is 1,000 ILS in MGA?

1 ILS = 1443.6451 MGA

At the current mid-market wholesale exchange rate, converting 1,000 Israeli New Shekel (ILS) yields approximately 1,443,645.07 Malagasy Ariary (MGA) (inverse rate: 1 MGA = 0.0007 ILS). This rate represents the pure interbank benchmark. Retail dealers and commercial banks typically apply a commercial spread between 1.5% and 3.5%. View live calculations, historical charts, and provider spreads below.

You Pay (Amount): ILS

You Receive (Estimate): MGA

Wycena na podstawie średniego kursu międzybankowego (0,00% marży)

Kurs rynkowy: 1 ILS = 1443.6451 MGA

Kurs odwrotny: 1 MGA = 0.0007 ILS

Status danych: Live Data (Redis)

Looking for reverse calculation? Check MGA to ILS (Malagasy Ariary to Israeli New Shekel) Live Converter →

ILS to MGA Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Israeli New Shekel against Malagasy Ariary

Period High

1460.9688 MGA

Period Low

1426.3213 MGA

Volatility / Avg

1443.6451 MGA

Mid-Market Trend

+0.25%

30-Day Range (1M) Position: 50% range

Min: 1426.3213 MGA

Max: 1460.9688 MGA

52-Week Range (1Y) Current Position: 65% Range

Min: 1393.1175 MGA

Max: 1494.1726 MGA

Standard Denomination Conversion Matrix (ILS & MGA)

Wholesale interbank rate matrix with zero retail markup or hidden fees.

Israeli New Shekel → Malagasy Ariary (ILS / MGA)

Wholesale Benchmark

Israeli New Shekel (ILS)	Malagasy Ariary (MGA)
1 ILS	1,443.65 MGA
5 ILS	7,218.23 MGA
10 ILS	14,436.45 MGA
25 ILS	36,091.13 MGA
50 ILS	72,182.25 MGA
100 ILS	144,364.51 MGA
200 ILS	288,729.01 MGA
250 ILS	360,911.27 MGA
500 ILS	721,822.53 MGA
1,000 ILS	1,443,645.07 MGA
2,500 ILS	3,609,112.67 MGA
5,000 ILS	7,218,225.34 MGA
10,000 ILS	14,436,450.67 MGA

Malagasy Ariary → Israeli New Shekel (MGA / ILS)

Wholesale Benchmark

Malagasy Ariary (MGA)	Israeli New Shekel (ILS)
1 MGA	0.00 ILS
5 MGA	0.00 ILS
10 MGA	0.01 ILS
25 MGA	0.02 ILS
50 MGA	0.03 ILS
100 MGA	0.07 ILS
200 MGA	0.14 ILS
250 MGA	0.17 ILS
500 MGA	0.35 ILS
1,000 MGA	0.69 ILS
2,500 MGA	1.73 ILS
5,000 MGA	3.46 ILS
10,000 MGA	6.93 ILS

Provider / Channel	ILS/MGA Effective Exchange Rate	Estimated Fee	Estimated Received (MGA)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	1443.6451 MGA	0.00%	7,218,225.34 MGA	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	1,393.1175 MGA	~3.50%	6,965,587.45 MGA	-252,637.89 MGA
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	1,299.2806 MGA	~10.00%	6,496,402.80 MGA	-721,822.53 MGA

1 ILS to MGA: Israeli New Shekel to Malagasy Ariary Exchange Guide

Searches for 1 ILS to MGA or convert ILS to MGA describe the amount of Malagasy Ariary received per 1 Israeli New Shekel. At today's wholesale baseline of 1 ILS = 1443.6451 MGA (inverse: 1 MGA = 0.0007 ILS), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Israel ↔ Madagascar)

Whether remitting money internationally or budgeting for travel, benchmark retail bank quotes against the wholesale mid-market rate to avoid excessive markups.

🏦 Commercial Bank Spreads

Major commercial banks typically add markups between 1.5% and 3.5% on foreign currencies, whereas digital multi-currency accounts operate with tighter margins.

📈 Monetary Policy Drivers

Interest rate decisions and monetary policies set by Bank of Israel (BoI) and Central Bank of Madagascar (BFM) shape the medium-to-long term valuation of ILS/MGA.

ILS and MGA Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for Israel and Madagascar.

How the ILS to MGA Exchange Rate Works

Foreign exchange transactions between Israel (ILS) and Madagascar (MGA) trade continuously on global wholesale interbank currency markets. The mid-market rate represents the exact mathematical midpoint between institutional buy (bid) and sell (ask) quotes without retail dealer markups.

Key considerations when converting or transferring between ILS and MGA:

Banking Channel Selection: Digital banking transfers and specialized multi-currency accounts generally offer exchange margins of 0.2% to 0.8%, whereas airport physical cash booths frequently charge 8% to 12% over the interbank baseline.
Central Bank Oversight & Policy: Monetary policy decisions, policy interest rate differentials, and currency reserves managed by Bank of Israel (BoI) and Central Bank of Madagascar (BFM) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Israel and Madagascar exceeding equivalent to 10,000 USD or EUR are legally required to file written declarations with border authorities.
Avoid Dynamic Currency Conversion (DCC): When using payment cards abroad or withdrawing cash from ATMs, always elect to be billed in the local currency (MGA) rather than your home billing currency to bypass costly DCC conversion markups.

LocalExchangeRates aggregates real-time wholesale interbank benchmarks to provide users with transparent, independent currency valuation.

Frequently Asked Questions: Israeli New Shekel to Malagasy Ariary Conversion

Common questions regarding Israeli New Shekel to Malagasy Ariary conversion, bank spreads, and transfer costs.

How much is 1,000 ILS in MGA today?

At the current mid-market exchange rate (1 ILS = 1443.6451 MGA), 1,000 Israeli New Shekel equals approximately 1,443,645.07 Malagasy Ariary. Retail exchange bureaus and commercial banks typically apply a 1.5% to 3.5% transaction spread.

Where can I get the best exchange rate for Israeli New Shekel?

To secure the best rates, avoid airport currency kiosks which routinely apply markups exceeding 8% to 12%. Converting currency at major commercial banks or using a low-fee multi-currency card typically delivers the closest rate to the mid-market benchmark.

Are there cash declaration limits when traveling with ILS?

Most international customs jurisdictions mandate a formal declaration when carrying physical cash or negotiable instruments exceeding the equivalent of 10,000 USD or EUR. Check with local customs authority (Bank of Israel (BoI)) prior to departure.

Does the exchange rate fluctuate during weekends?

Global interbank foreign exchange markets close on Friday evening (5:00 PM EST) and reopen on Sunday evening. Over the weekend, rates remain static at the Friday close, though retail providers may widen spreads to offset volatility risks.

How is the mid-market exchange rate calculated?

The mid-market exchange rate is the exact midpoint between global wholesale institutional buy (bid) and sell (ask) quotes. It serves as the global benchmark without any added retail broker or banking markup.