Convert Malagasy Ariary to Russian Ruble (MGA to RUB)

Live Mid-Market Rate • October 6, 2026

Ar
🇲🇬 Malagasy Ariary
⇄
₽
🇷🇺 Russian Ruble
1 MGA = 0.0191 RUB 1 RUB = 52.3106 MGA

Historical Exchange Trends: MGA to RUB

    Convert MGA to RUB

    MGARUB
    1,000 MGA19.12 RUB
    2,000 MGA38.23 RUB
    5,000 MGA95.58 RUB
    10,000 MGA191.17 RUB
    20,000 MGA382.33 RUB
    50,000 MGA955.83 RUB

    Convert RUB to MGA

    RUBMGA
    1,000 RUB52,310.58 MGA
    2,000 RUB104,621.16 MGA
    5,000 RUB261,552.89 MGA
    10,000 RUB523,105.78 MGA
    20,000 RUB1,046,211.56 MGA
    50,000 RUB2,615,528.90 MGA

    Official Banking & Currency Intelligence: Madagascar

    The Malagasy Ariary (MGA, symbol: Ar) is the official currency of the Republic of Madagascar, managed by the central bank, Banky Foiben'i Madagasikara (BFM). Madagascar operates a managed floating exchange rate regime via the interbank foreign exchange market (MID).

    Major banking institutions include BNI Madagascar, Bank of Africa Madagascar, and BMOI. International travelers arriving at Ivato International Airport (TNR) in Antananarivo can convert major foreign currencies (EUR, USD) at official airport bank counters.

    Frequently Asked Questions

    What is the official exchange rate between Malagasy Ariary and Russian Ruble?

    The current mid-market exchange rate is 1 MGA = 0.0191 RUB (1 RUB = 52.3106 MGA) as of October 6, 2026. Mid-market rates reflect real-time global interbank values without commercial retail markups.

    Where can I exchange currency in Madagascar?

    Foreign exchange is available at commercial bank branches in Antananarivo, licensed bureau de change offices, and at Ivato International Airport.

    What are the cash declaration rules when traveling to Madagascar?

    Travelers carrying cash or monetary instruments equal to or exceeding 1,000 EUR must declare them to Madagascar customs upon arrival or departure.