LocalExchangeRates.com

Official Rate Sheet: Malagasy Ariary (MGA) / Serbian Dinar (RSD)

Date generated:

Mid-Market Rate: 1 MGA = 0.0237 RSD

Real-Time Interbank Wholesale Feed: October 6, 2026

Malagasy Ariary to Serbian Dinar Exchange Rate (MGA to RSD)

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 RSD?

1 MGA = 0.0237 RSD

At the current mid-market wholesale exchange rate, converting 1,000 Malagasy Ariary (MGA) yields approximately 23.73 Serbian Dinar (RSD) (inverse rate: 1 RSD = 42.1444 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): RSD

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

Kurs rynkowy: 1 MGA = 0.0237 RSD

Kurs odwrotny: 1 RSD = 42.1444 MGA

Status danych: Live Data (Redis)

Looking for reverse calculation? Check RSD to MGA (Serbian Dinar to Malagasy Ariary) Live Converter →

MGA to RSD Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Malagasy Ariary against Serbian Dinar

Period High

0.0240 RSD

Period Low

0.0234 RSD

Volatility / Avg

0.0237 RSD

Mid-Market Trend

+0.25%

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

Min: 0.0234 RSD

Max: 0.0240 RSD

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

Min: 0.0229 RSD

Max: 0.0246 RSD

Standard Denomination Conversion Matrix (MGA & RSD)

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

Malagasy Ariary → Serbian Dinar (MGA / RSD)

Wholesale Benchmark

Malagasy Ariary (MGA)	Serbian Dinar (RSD)
1 MGA	0.02 RSD
5 MGA	0.12 RSD
10 MGA	0.24 RSD
25 MGA	0.59 RSD
50 MGA	1.19 RSD
100 MGA	2.37 RSD
200 MGA	4.75 RSD
250 MGA	5.93 RSD
500 MGA	11.86 RSD
1,000 MGA	23.73 RSD
2,500 MGA	59.32 RSD
5,000 MGA	118.64 RSD
10,000 MGA	237.28 RSD

Serbian Dinar → Malagasy Ariary (RSD / MGA)

Wholesale Benchmark

Serbian Dinar (RSD)	Malagasy Ariary (MGA)
1 RSD	42.14 MGA
5 RSD	210.72 MGA
10 RSD	421.44 MGA
25 RSD	1,053.61 MGA
50 RSD	2,107.22 MGA
100 RSD	4,214.44 MGA
200 RSD	8,428.88 MGA
250 RSD	10,536.10 MGA
500 RSD	21,072.19 MGA
1,000 RSD	42,144.38 MGA
2,500 RSD	105,360.95 MGA
5,000 RSD	210,721.91 MGA
10,000 RSD	421,443.81 MGA

Provider / Channel	MGA/RSD Effective Exchange Rate	Estimated Fee	Estimated Received (RSD)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0237 RSD	0.00%	118.64 RSD	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0229 RSD	~3.50%	114.49 RSD	-4.15 RSD
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0214 RSD	~10.00%	106.78 RSD	-11.86 RSD

1 MGA to RSD: Malagasy Ariary to Serbian Dinar Exchange Guide

Searches for 1 MGA to RSD or convert MGA to RSD describe the amount of Serbian Dinar received per 1 Malagasy Ariary. At today's wholesale baseline of 1 MGA = 0.0237 RSD (inverse: 1 RSD = 42.1444 MGA), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Madagascar ↔ Serbia)

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 Serbia (NBS) shape the medium-to-long term valuation of MGA/RSD.

MGA and RSD Currency Profiles

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

How the MGA to RSD Exchange Rate Works

Foreign exchange transactions between Madagascar (MGA) and Serbia (RSD) 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 RSD:

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 Serbia (NBS) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagascar and Serbia 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 (RSD) 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 Serbian Dinar Conversion

Common questions regarding Malagasy Ariary to Serbian Dinar conversion, bank spreads, and transfer costs.

How much is 1,000 MGA in RSD today?

At the current mid-market exchange rate (1 MGA = 0.0237 RSD), 1,000 Malagasy Ariary equals approximately 23.73 Serbian Dinar. 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.