LocalExchangeRates.com

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

Date generated:

Mid-Market Rate: 1 MGA = 0.0040 MDL

Real-Time Interbank Wholesale Feed: October 6, 2026

Malagasy Ariary to Moldovan Leu Exchange Rate (MGA to MDL)

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 MDL?

1 MGA = 0.0040 MDL

At the current mid-market wholesale exchange rate, converting 1,000 Malagasy Ariary (MGA) yields approximately 4.04 Moldovan Leu (MDL) (inverse rate: 1 MDL = 247.2492 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): MDL

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

Kurs rynkowy: 1 MGA = 0.0040 MDL

Kurs odwrotny: 1 MDL = 247.2492 MGA

Status danych: Live Data (Redis)

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

MGA to MDL Real-Time & Historical Rate Chart

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

Period High

0.0041 MDL

Period Low

0.0040 MDL

Volatility / Avg

0.0040 MDL

Mid-Market Trend

+0.25%

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

Min: 0.0040 MDL

Max: 0.0041 MDL

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

Min: 0.0039 MDL

Max: 0.0042 MDL

Standard Denomination Conversion Matrix (MGA & MDL)

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

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

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

Provider / Channel	MGA/MDL Effective Exchange Rate	Estimated Fee	Estimated Received (MDL)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0040 MDL	0.00%	20.22 MDL	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0039 MDL	~3.50%	19.51 MDL	-0.71 MDL
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0036 MDL	~10.00%	18.20 MDL	-2.02 MDL

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

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

🌏 International Transfers & Travel (Madagascar ↔ Moldova)

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 National Bank of Moldova (NBM) shape the medium-to-long term valuation of MGA/MDL.

MGA and MDL Currency Profiles

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

How the MGA to MDL Exchange Rate Works

Foreign exchange transactions between Madagascar (MGA) and Moldova (MDL) 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 MDL:

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 National Bank of Moldova (NBM) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagascar and Moldova 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 (MDL) 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 Moldovan Leu Conversion

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

How much is 1,000 MGA in MDL today?

At the current mid-market exchange rate (1 MGA = 0.0040 MDL), 1,000 Malagasy Ariary equals approximately 4.04 Moldovan Leu. 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.