LocalExchangeRates.com

Official Rate Sheet: Moldovan Leu (MDL) / Malagasy Ariary (MGA)

Date generated:

Mid-Market Rate: 1 MDL = 247.2492 MGA

Real-Time Interbank Wholesale Feed: October 6, 2026

Moldovan Leu to Malagasy Ariary Exchange Rate (MDL 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 MDL in MGA?

1 MDL = 247.2492 MGA

At the current mid-market wholesale exchange rate, converting 1,000 Moldovan Leu (MDL) yields approximately 247,249.20 Malagasy Ariary (MGA) (inverse rate: 1 MGA = 0.0040 MDL). 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): MDL

You Receive (Estimate): MGA

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

Kurs rynkowy: 1 MDL = 247.2492 MGA

Kurs odwrotny: 1 MGA = 0.0040 MDL

Status danych: Live Data (Redis)

Looking for reverse calculation? Check MGA to MDL (Malagasy Ariary to Moldovan Leu) Live Converter →

MDL to MGA Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Moldovan Leu against Malagasy Ariary

Period High

250.2162 MGA

Period Low

244.2822 MGA

Volatility / Avg

247.2492 MGA

Mid-Market Trend

+0.25%

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

Min: 244.2822 MGA

Max: 250.2162 MGA

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

Min: 238.5955 MGA

Max: 255.9029 MGA

Standard Denomination Conversion Matrix (MDL & MGA)

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

Moldovan Leu → Malagasy Ariary (MDL / MGA)

Wholesale Benchmark

Moldovan Leu (MDL)	Malagasy Ariary (MGA)
1 MDL	247.25 MGA
5 MDL	1,236.25 MGA
10 MDL	2,472.49 MGA
25 MDL	6,181.23 MGA
50 MDL	12,362.46 MGA
100 MDL	24,724.92 MGA
200 MDL	49,449.84 MGA
250 MDL	61,812.30 MGA
500 MDL	123,624.60 MGA
1,000 MDL	247,249.20 MGA
2,500 MDL	618,123.01 MGA
5,000 MDL	1,236,246.01 MGA
10,000 MDL	2,472,492.02 MGA

Malagasy Ariary → Moldovan Leu (MGA / MDL)

Wholesale Benchmark

Malagasy Ariary (MGA)	Moldovan Leu (MDL)
1 MGA	0.00 MDL
5 MGA	0.02 MDL
10 MGA	0.04 MDL
25 MGA	0.10 MDL
50 MGA	0.20 MDL
100 MGA	0.40 MDL
200 MGA	0.81 MDL
250 MGA	1.01 MDL
500 MGA	2.02 MDL
1,000 MGA	4.04 MDL
2,500 MGA	10.11 MDL
5,000 MGA	20.22 MDL
10,000 MGA	40.45 MDL

Provider / Channel	MDL/MGA Effective Exchange Rate	Estimated Fee	Estimated Received (MGA)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	247.2492 MGA	0.00%	1,236,246.01 MGA	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	238.5955 MGA	~3.50%	1,192,977.40 MGA	-43,268.61 MGA
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	222.5243 MGA	~10.00%	1,112,621.41 MGA	-123,624.60 MGA

1 MDL to MGA: Moldovan Leu to Malagasy Ariary Exchange Guide

Searches for 1 MDL to MGA or convert MDL to MGA describe the amount of Malagasy Ariary received per 1 Moldovan Leu. At today's wholesale baseline of 1 MDL = 247.2492 MGA (inverse: 1 MGA = 0.0040 MDL), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Moldova ↔ 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 National Bank of Moldova (NBM) and Central Bank of Madagascar (BFM) shape the medium-to-long term valuation of MDL/MGA.

MDL and MGA Currency Profiles

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

How the MDL to MGA Exchange Rate Works

Foreign exchange transactions between Moldova (MDL) 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 MDL 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 National Bank of Moldova (NBM) 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 Moldova 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: Moldovan Leu to Malagasy Ariary Conversion

Common questions regarding Moldovan Leu to Malagasy Ariary conversion, bank spreads, and transfer costs.

How much is 1,000 MDL in MGA today?

At the current mid-market exchange rate (1 MDL = 247.2492 MGA), 1,000 Moldovan Leu equals approximately 247,249.20 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 Moldovan Leu?

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 MDL?

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 (National Bank of Moldova (NBM)) 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.