LocalExchangeRates.com

Official Rate Sheet: Iranian Rial (IRR) / Malagasy Ariary (MGA)

Date generated:

Mid-Market Rate: 1 IRR = 0.0025 MGA

Real-Time Interbank Wholesale Feed: October 6, 2026

Iranian Rial to Malagasy Ariary Exchange Rate (IRR 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 IRR in MGA?

1 IRR = 0.0025 MGA

At the current mid-market wholesale exchange rate, converting 1,000 Iranian Rial (IRR) yields approximately 2.53 Malagasy Ariary (MGA) (inverse rate: 1 MGA = 395.5525 IRR). 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): IRR

You Receive (Estimate): MGA

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

Kurs rynkowy: 1 IRR = 0.0025 MGA

Kurs odwrotny: 1 MGA = 395.5525 IRR

Status danych: Live Data (Redis)

Looking for reverse calculation? Check MGA to IRR (Malagasy Ariary to Iranian Rial) Live Converter →

IRR to MGA Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Iranian Rial against Malagasy Ariary

Period High

0.0026 MGA

Period Low

0.0025 MGA

Volatility / Avg

0.0025 MGA

Mid-Market Trend

+0.25%

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

Min: 0.0025 MGA

Max: 0.0026 MGA

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

Min: 0.0024 MGA

Max: 0.0026 MGA

Standard Denomination Conversion Matrix (IRR & MGA)

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

Iranian Rial → Malagasy Ariary (IRR / MGA)

Wholesale Benchmark

Iranian Rial (IRR)	Malagasy Ariary (MGA)
1 IRR	0.00 MGA
5 IRR	0.01 MGA
10 IRR	0.03 MGA
25 IRR	0.06 MGA
50 IRR	0.13 MGA
100 IRR	0.25 MGA
200 IRR	0.51 MGA
250 IRR	0.63 MGA
500 IRR	1.26 MGA
1,000 IRR	2.53 MGA
2,500 IRR	6.32 MGA
5,000 IRR	12.64 MGA
10,000 IRR	25.28 MGA

Malagasy Ariary → Iranian Rial (MGA / IRR)

Wholesale Benchmark

Malagasy Ariary (MGA)	Iranian Rial (IRR)
1 MGA	395.55 IRR
5 MGA	1,977.76 IRR
10 MGA	3,955.53 IRR
25 MGA	9,888.81 IRR
50 MGA	19,777.63 IRR
100 MGA	39,555.25 IRR
200 MGA	79,110.51 IRR
250 MGA	98,888.13 IRR
500 MGA	197,776.27 IRR
1,000 MGA	395,552.53 IRR
2,500 MGA	988,881.33 IRR
5,000 MGA	1,977,762.66 IRR
10,000 MGA	3,955,525.32 IRR

Provider / Channel	IRR/MGA Effective Exchange Rate	Estimated Fee	Estimated Received (MGA)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0025 MGA	0.00%	12.64 MGA	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0024 MGA	~3.50%	12.20 MGA	-0.44 MGA
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0023 MGA	~10.00%	11.38 MGA	-1.26 MGA

1 IRR to MGA: Iranian Rial to Malagasy Ariary Exchange Guide

Searches for 1 IRR to MGA or convert IRR to MGA describe the amount of Malagasy Ariary received per 1 Iranian Rial. At today's wholesale baseline of 1 IRR = 0.0025 MGA (inverse: 1 MGA = 395.5525 IRR), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Iran ↔ 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 Central Bank of Iran (CBI) and Central Bank of Madagascar (BFM) shape the medium-to-long term valuation of IRR/MGA.

IRR and MGA Currency Profiles

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

How the IRR to MGA Exchange Rate Works

Foreign exchange transactions between Iran (IRR) 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 IRR 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 Central Bank of Iran (CBI) 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 Iran 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: Iranian Rial to Malagasy Ariary Conversion

Common questions regarding Iranian Rial to Malagasy Ariary conversion, bank spreads, and transfer costs.

How much is 1,000 IRR in MGA today?

At the current mid-market exchange rate (1 IRR = 0.0025 MGA), 1,000 Iranian Rial equals approximately 2.53 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 Iranian Rial?

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 IRR?

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 (Central Bank of Iran (CBI)) 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.