LocalExchangeRates.com

Official Rate Sheet: Malagasy Ariary (MGA) / Mozambican Metical (MZN)

Date generated:

Mid-Market Rate: 1 MGA = 0.0145 MZN

Real-Time Interbank Wholesale Feed: October 6, 2026

Malagasy Ariary to Mozambican Metical Exchange Rate (MGA to MZN)

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 MZN?

1 MGA = 0.0145 MZN

At the current mid-market wholesale exchange rate, converting 1,000 Malagasy Ariary (MGA) yields approximately 14.47 Mozambican Metical (MZN) (inverse rate: 1 MZN = 69.0968 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): MZN

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

Kurs rynkowy: 1 MGA = 0.0145 MZN

Kurs odwrotny: 1 MZN = 69.0968 MGA

Status danych: Live Data (Redis)

Looking for reverse calculation? Check MZN to MGA (Mozambican Metical to Malagasy Ariary) Live Converter →

MGA to MZN Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Malagasy Ariary against Mozambican Metical

Period High

0.0146 MZN

Period Low

0.0143 MZN

Volatility / Avg

0.0145 MZN

Mid-Market Trend

+0.25%

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

Min: 0.0143 MZN

Max: 0.0146 MZN

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

Min: 0.0140 MZN

Max: 0.0150 MZN

Standard Denomination Conversion Matrix (MGA & MZN)

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

Malagasy Ariary → Mozambican Metical (MGA / MZN)

Wholesale Benchmark

Malagasy Ariary (MGA)	Mozambican Metical (MZN)
1 MGA	0.01 MZN
5 MGA	0.07 MZN
10 MGA	0.14 MZN
25 MGA	0.36 MZN
50 MGA	0.72 MZN
100 MGA	1.45 MZN
200 MGA	2.89 MZN
250 MGA	3.62 MZN
500 MGA	7.24 MZN
1,000 MGA	14.47 MZN
2,500 MGA	36.18 MZN
5,000 MGA	72.36 MZN
10,000 MGA	144.72 MZN

Mozambican Metical → Malagasy Ariary (MZN / MGA)

Wholesale Benchmark

Mozambican Metical (MZN)	Malagasy Ariary (MGA)
1 MZN	69.10 MGA
5 MZN	345.48 MGA
10 MZN	690.97 MGA
25 MZN	1,727.42 MGA
50 MZN	3,454.84 MGA
100 MZN	6,909.68 MGA
200 MZN	13,819.35 MGA
250 MZN	17,274.19 MGA
500 MZN	34,548.38 MGA
1,000 MZN	69,096.76 MGA
2,500 MZN	172,741.91 MGA
5,000 MZN	345,483.82 MGA
10,000 MZN	690,967.63 MGA

Provider / Channel	MGA/MZN Effective Exchange Rate	Estimated Fee	Estimated Received (MZN)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0145 MZN	0.00%	72.36 MZN	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0140 MZN	~3.50%	69.83 MZN	-2.53 MZN
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0130 MZN	~10.00%	65.13 MZN	-7.24 MZN

1 MGA to MZN: Malagasy Ariary to Mozambican Metical Exchange Guide

Searches for 1 MGA to MZN or convert MGA to MZN describe the amount of Mozambican Metical received per 1 Malagasy Ariary. At today's wholesale baseline of 1 MGA = 0.0145 MZN (inverse: 1 MZN = 69.0968 MGA), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Madagascar ↔ Mozambique)

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 Mozambique shape the medium-to-long term valuation of MGA/MZN.

MGA and MZN Currency Profiles

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

How the MGA to MZN Exchange Rate Works

Foreign exchange transactions between Madagascar (MGA) and Mozambique (MZN) 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 MZN:

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 Mozambique serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagascar and Mozambique 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 (MZN) 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 Mozambican Metical Conversion

Common questions regarding Malagasy Ariary to Mozambican Metical conversion, bank spreads, and transfer costs.

How much is 1,000 MGA in MZN today?

At the current mid-market exchange rate (1 MGA = 0.0145 MZN), 1,000 Malagasy Ariary equals approximately 14.47 Mozambican Metical. 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.