LocalExchangeRates.com

Official Rate Sheet: Sri Lankan Rupee (LKR) / Malagasy Ariary (MGA)

Date generated:

Mid-Market Rate: 1 LKR = 13.3610 MGA

Real-Time Interbank Wholesale Feed: October 6, 2026

Sri Lankan Rupee to Malagasy Ariary Exchange Rate (LKR 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 LKR in MGA?

1 LKR = 13.3610 MGA

At the current mid-market wholesale exchange rate, converting 1,000 Sri Lankan Rupee (LKR) yields approximately 13,360.96 Malagasy Ariary (MGA) (inverse rate: 1 MGA = 0.0748 LKR). 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): LKR

You Receive (Estimate): MGA

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

Kurs rynkowy: 1 LKR = 13.3610 MGA

Kurs odwrotny: 1 MGA = 0.0748 LKR

Status danych: Live Data (Redis)

Looking for reverse calculation? Check MGA to LKR (Malagasy Ariary to Sri Lankan Rupee) Live Converter →

LKR to MGA Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Sri Lankan Rupee against Malagasy Ariary

Period High

13.5213 MGA

Period Low

13.2006 MGA

Volatility / Avg

13.3610 MGA

Mid-Market Trend

+0.25%

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

Min: 13.2006 MGA

Max: 13.5213 MGA

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

Min: 12.8933 MGA

Max: 13.8286 MGA

Standard Denomination Conversion Matrix (LKR & MGA)

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

Sri Lankan Rupee → Malagasy Ariary (LKR / MGA)

Wholesale Benchmark

Sri Lankan Rupee (LKR)	Malagasy Ariary (MGA)
1 LKR	13.36 MGA
5 LKR	66.80 MGA
10 LKR	133.61 MGA
25 LKR	334.02 MGA
50 LKR	668.05 MGA
100 LKR	1,336.10 MGA
200 LKR	2,672.19 MGA
250 LKR	3,340.24 MGA
500 LKR	6,680.48 MGA
1,000 LKR	13,360.96 MGA
2,500 LKR	33,402.41 MGA
5,000 LKR	66,804.82 MGA
10,000 LKR	133,609.64 MGA

Malagasy Ariary → Sri Lankan Rupee (MGA / LKR)

Wholesale Benchmark

Malagasy Ariary (MGA)	Sri Lankan Rupee (LKR)
1 MGA	0.07 LKR
5 MGA	0.37 LKR
10 MGA	0.75 LKR
25 MGA	1.87 LKR
50 MGA	3.74 LKR
100 MGA	7.48 LKR
200 MGA	14.97 LKR
250 MGA	18.71 LKR
500 MGA	37.42 LKR
1,000 MGA	74.84 LKR
2,500 MGA	187.11 LKR
5,000 MGA	374.22 LKR
10,000 MGA	748.45 LKR

Provider / Channel	LKR/MGA Effective Exchange Rate	Estimated Fee	Estimated Received (MGA)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	13.3610 MGA	0.00%	66,804.82 MGA	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	12.8933 MGA	~3.50%	64,466.65 MGA	-2,338.17 MGA
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	12.0249 MGA	~10.00%	60,124.34 MGA	-6,680.48 MGA

1 LKR to MGA: Sri Lankan Rupee to Malagasy Ariary Exchange Guide

Searches for 1 LKR to MGA or convert LKR to MGA describe the amount of Malagasy Ariary received per 1 Sri Lankan Rupee. At today's wholesale baseline of 1 LKR = 13.3610 MGA (inverse: 1 MGA = 0.0748 LKR), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Sri Lanka ↔ 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 Sri Lanka (CBSL) and Central Bank of Madagascar (BFM) shape the medium-to-long term valuation of LKR/MGA.

LKR and MGA Currency Profiles

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

How the LKR to MGA Exchange Rate Works

Foreign exchange transactions between Sri Lanka (LKR) 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 LKR 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 Sri Lanka (CBSL) 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 Sri Lanka 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: Sri Lankan Rupee to Malagasy Ariary Conversion

Common questions regarding Sri Lankan Rupee to Malagasy Ariary conversion, bank spreads, and transfer costs.

How much is 1,000 LKR in MGA today?

At the current mid-market exchange rate (1 LKR = 13.3610 MGA), 1,000 Sri Lankan Rupee equals approximately 13,360.96 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 Sri Lankan Rupee?

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 LKR?

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 Sri Lanka (CBSL)) 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.