LocalExchangeRates.com

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

Date generated:

Mid-Market Rate: 1 MGA = 0.0007 ILS

Real-Time Interbank Wholesale Feed: October 6, 2026

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

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 ILS?

1 MGA = 0.0007 ILS

At the current mid-market wholesale exchange rate, converting 1,000 Malagasy Ariary (MGA) yields approximately 0.69 Israeli New Shekel (ILS) (inverse rate: 1 ILS = 1443.6451 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): ILS

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

Kurs rynkowy: 1 MGA = 0.0007 ILS

Kurs odwrotny: 1 ILS = 1443.6451 MGA

Status danych: Live Data (Redis)

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

MGA to ILS Real-Time & Historical Rate Chart

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

Period High

0.0007 ILS

Period Low

0.0007 ILS

Volatility / Avg

0.0007 ILS

Mid-Market Trend

+0.25%

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

Min: 0.0007 ILS

Max: 0.0007 ILS

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

Min: 0.0007 ILS

Max: 0.0007 ILS

Standard Denomination Conversion Matrix (MGA & ILS)

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

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

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

Provider / Channel	MGA/ILS Effective Exchange Rate	Estimated Fee	Estimated Received (ILS)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0007 ILS	0.00%	3.46 ILS	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0007 ILS	~3.50%	3.34 ILS	-0.12 ILS
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0006 ILS	~10.00%	3.12 ILS	-0.35 ILS

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

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

🌏 International Transfers & Travel (Madagascar ↔ Israel)

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 Bank of Israel (BoI) shape the medium-to-long term valuation of MGA/ILS.

MGA and ILS Currency Profiles

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

How the MGA to ILS Exchange Rate Works

Foreign exchange transactions between Madagascar (MGA) and Israel (ILS) 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 ILS:

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 Bank of Israel (BoI) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagascar and Israel 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 (ILS) 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 Israeli New Shekel Conversion

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

How much is 1,000 MGA in ILS today?

At the current mid-market exchange rate (1 MGA = 0.0007 ILS), 1,000 Malagasy Ariary equals approximately 0.69 Israeli New Shekel. 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.