LocalExchangeRates.com

Official Rate Sheet: Malagasy Ariary (MGA) / Paraguayan Guarani (PYG)

Date generated:

Mid-Market Rate: 1 MGA = 1.3241 PYG

Real-Time Interbank Wholesale Feed: October 6, 2026

Malagasy Ariary to Paraguayan Guarani Exchange Rate (MGA to PYG)

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 PYG?

1 MGA = 1.3241 PYG

At the current mid-market wholesale exchange rate, converting 1,000 Malagasy Ariary (MGA) yields approximately 1,324.13 Paraguayan Guarani (PYG) (inverse rate: 1 PYG = 0.7552 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): PYG

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

Kurs rynkowy: 1 MGA = 1.3241 PYG

Kurs odwrotny: 1 PYG = 0.7552 MGA

Status danych: Live Data (Redis)

Looking for reverse calculation? Check PYG to MGA (Paraguayan Guarani to Malagasy Ariary) Live Converter →

MGA to PYG Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Malagasy Ariary against Paraguayan Guarani

Period High

1.3400 PYG

Period Low

1.3082 PYG

Volatility / Avg

1.3241 PYG

Mid-Market Trend

+0.25%

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

Min: 1.3082 PYG

Max: 1.3400 PYG

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

Min: 1.2778 PYG

Max: 1.3705 PYG

Standard Denomination Conversion Matrix (MGA & PYG)

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

Malagasy Ariary → Paraguayan Guarani (MGA / PYG)

Wholesale Benchmark

Malagasy Ariary (MGA)	Paraguayan Guarani (PYG)
1 MGA	1.32 PYG
5 MGA	6.62 PYG
10 MGA	13.24 PYG
25 MGA	33.10 PYG
50 MGA	66.21 PYG
100 MGA	132.41 PYG
200 MGA	264.83 PYG
250 MGA	331.03 PYG
500 MGA	662.06 PYG
1,000 MGA	1,324.13 PYG
2,500 MGA	3,310.32 PYG
5,000 MGA	6,620.64 PYG
10,000 MGA	13,241.28 PYG

Paraguayan Guarani → Malagasy Ariary (PYG / MGA)

Wholesale Benchmark

Paraguayan Guarani (PYG)	Malagasy Ariary (MGA)
1 PYG	0.76 MGA
5 PYG	3.78 MGA
10 PYG	7.55 MGA
25 PYG	18.88 MGA
50 PYG	37.76 MGA
100 PYG	75.52 MGA
200 PYG	151.04 MGA
250 PYG	188.80 MGA
500 PYG	377.61 MGA
1,000 PYG	755.21 MGA
2,500 PYG	1,888.04 MGA
5,000 PYG	3,776.07 MGA
10,000 PYG	7,552.14 MGA

Provider / Channel	MGA/PYG Effective Exchange Rate	Estimated Fee	Estimated Received (PYG)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	1.3241 PYG	0.00%	6,620.64 PYG	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	1.2778 PYG	~3.50%	6,388.92 PYG	-231.72 PYG
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	1.1917 PYG	~10.00%	5,958.57 PYG	-662.06 PYG

1 MGA to PYG: Malagasy Ariary to Paraguayan Guarani Exchange Guide

Searches for 1 MGA to PYG or convert MGA to PYG describe the amount of Paraguayan Guarani received per 1 Malagasy Ariary. At today's wholesale baseline of 1 MGA = 1.3241 PYG (inverse: 1 PYG = 0.7552 MGA), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Madagascar ↔ Paraguay)

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 Paraguay (BCP) shape the medium-to-long term valuation of MGA/PYG.

MGA and PYG Currency Profiles

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

How the MGA to PYG Exchange Rate Works

Foreign exchange transactions between Madagascar (MGA) and Paraguay (PYG) 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 PYG:

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 Paraguay (BCP) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagascar and Paraguay 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 (PYG) 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 Paraguayan Guarani Conversion

Common questions regarding Malagasy Ariary to Paraguayan Guarani conversion, bank spreads, and transfer costs.

How much is 1,000 MGA in PYG today?

At the current mid-market exchange rate (1 MGA = 1.3241 PYG), 1,000 Malagasy Ariary equals approximately 1,324.13 Paraguayan Guarani. 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.