LocalExchangeRates.com

Official Rate Sheet: Malagasy Ariary (MGA) / Gambian Dalasi (GMD)

Date generated:

Mid-Market Rate: 1 MGA = 0.0166 GMD

Real-Time Interbank Wholesale Feed: October 6, 2026

Malagasy Ariary to Gambian Dalasi Exchange Rate (MGA to GMD)

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 MGA in GMD?

1 MGA = 0.0166 GMD

At the current mid-market wholesale exchange rate, converting 1,000 Malagasy Ariary (MGA) yields approximately 16.65 Gambian Dalasi (GMD) (inverse rate: 1 GMD = 60.0780 MGA). 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): MGA

You Receive (Estimate): GMD

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

Kurs rynkowy: 1 MGA = 0.0166 GMD

Kurs odwrotny: 1 GMD = 60.0780 MGA

Status danych: Live Data (Redis)

Looking for reverse calculation? Check GMD to MGA (Gambian Dalasi to Malagasy Ariary) Live Converter →

MGA to GMD Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Malagasy Ariary against Gambian Dalasi

Period High

0.0168 GMD

Period Low

0.0164 GMD

Volatility / Avg

0.0166 GMD

Mid-Market Trend

+0.25%

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

Min: 0.0164 GMD

Max: 0.0168 GMD

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

Min: 0.0161 GMD

Max: 0.0172 GMD

Standard Denomination Conversion Matrix (MGA & GMD)

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

Malagasy Ariary → Gambian Dalasi (MGA / GMD)

Wholesale Benchmark

Malagasy Ariary (MGA)	Gambian Dalasi (GMD)
1 MGA	0.02 GMD
5 MGA	0.08 GMD
10 MGA	0.17 GMD
25 MGA	0.42 GMD
50 MGA	0.83 GMD
100 MGA	1.66 GMD
200 MGA	3.33 GMD
250 MGA	4.16 GMD
500 MGA	8.32 GMD
1,000 MGA	16.65 GMD
2,500 MGA	41.61 GMD
5,000 MGA	83.23 GMD
10,000 MGA	166.45 GMD

Gambian Dalasi → Malagasy Ariary (GMD / MGA)

Wholesale Benchmark

Gambian Dalasi (GMD)	Malagasy Ariary (MGA)
1 GMD	60.08 MGA
5 GMD	300.39 MGA
10 GMD	600.78 MGA
25 GMD	1,501.95 MGA
50 GMD	3,003.90 MGA
100 GMD	6,007.80 MGA
200 GMD	12,015.59 MGA
250 GMD	15,019.49 MGA
500 GMD	30,038.99 MGA
1,000 GMD	60,077.97 MGA
2,500 GMD	150,194.93 MGA
5,000 GMD	300,389.87 MGA
10,000 GMD	600,779.73 MGA

Provider / Channel	MGA/GMD Effective Exchange Rate	Estimated Fee	Estimated Received (GMD)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0166 GMD	0.00%	83.23 GMD	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0161 GMD	~3.50%	80.31 GMD	-2.91 GMD
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0150 GMD	~10.00%	74.90 GMD	-8.32 GMD

1 MGA to GMD: Malagasy Ariary to Gambian Dalasi Exchange Guide

Searches for 1 MGA to GMD or convert MGA to GMD describe the amount of Gambian Dalasi received per 1 Malagasy Ariary. At today's wholesale baseline of 1 MGA = 0.0166 GMD (inverse: 1 GMD = 60.0780 MGA), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Madagascar ↔ Gambia)

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 Madagascar (BFM) and Central Bank of The Gambia (CBG) shape the medium-to-long term valuation of MGA/GMD.

MGA and GMD Currency Profiles

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

How the MGA to GMD Exchange Rate Works

Foreign exchange transactions between Madagascar (MGA) and Gambia (GMD) 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 MGA and GMD:

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 Madagascar (BFM) and Central Bank of The Gambia (CBG) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagascar and Gambia 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 (GMD) 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: Malagasy Ariary to Gambian Dalasi Conversion

Common questions regarding Malagasy Ariary to Gambian Dalasi conversion, bank spreads, and transfer costs.

How much is 1,000 MGA in GMD today?

At the current mid-market exchange rate (1 MGA = 0.0166 GMD), 1,000 Malagasy Ariary equals approximately 16.65 Gambian Dalasi. 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 Malagasy Ariary?

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 MGA?

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 Madagascar (BFM)) 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.