LocalExchangeRates.com

Official Rate Sheet: Malagasy Ariary (MGA) / Tanzanian Shilling (TZS)

Date generated:

Mid-Market Rate: 1 MGA = 0.5973 TZS

Real-Time Interbank Wholesale Feed: October 6, 2026

Malagasy Ariary to Tanzanian Shilling Exchange Rate (MGA to TZS)

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 TZS?

1 MGA = 0.5973 TZS

At the current mid-market wholesale exchange rate, converting 1,000 Malagasy Ariary (MGA) yields approximately 597.30 Tanzanian Shilling (TZS) (inverse rate: 1 TZS = 1.6742 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): TZS

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

Kurs rynkowy: 1 MGA = 0.5973 TZS

Kurs odwrotny: 1 TZS = 1.6742 MGA

Status danych: Live Data (Redis)

Looking for reverse calculation? Check TZS to MGA (Tanzanian Shilling to Malagasy Ariary) Live Converter →

MGA to TZS Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Malagasy Ariary against Tanzanian Shilling

Period High

0.6045 TZS

Period Low

0.5901 TZS

Volatility / Avg

0.5973 TZS

Mid-Market Trend

+0.25%

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

Min: 0.5901 TZS

Max: 0.6045 TZS

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

Min: 0.5764 TZS

Max: 0.6182 TZS

Standard Denomination Conversion Matrix (MGA & TZS)

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

Malagasy Ariary → Tanzanian Shilling (MGA / TZS)

Wholesale Benchmark

Malagasy Ariary (MGA)	Tanzanian Shilling (TZS)
1 MGA	0.60 TZS
5 MGA	2.99 TZS
10 MGA	5.97 TZS
25 MGA	14.93 TZS
50 MGA	29.86 TZS
100 MGA	59.73 TZS
200 MGA	119.46 TZS
250 MGA	149.32 TZS
500 MGA	298.65 TZS
1,000 MGA	597.30 TZS
2,500 MGA	1,493.24 TZS
5,000 MGA	2,986.48 TZS
10,000 MGA	5,972.96 TZS

Tanzanian Shilling → Malagasy Ariary (TZS / MGA)

Wholesale Benchmark

Tanzanian Shilling (TZS)	Malagasy Ariary (MGA)
1 TZS	1.67 MGA
5 TZS	8.37 MGA
10 TZS	16.74 MGA
25 TZS	41.86 MGA
50 TZS	83.71 MGA
100 TZS	167.42 MGA
200 TZS	334.84 MGA
250 TZS	418.55 MGA
500 TZS	837.11 MGA
1,000 TZS	1,674.21 MGA
2,500 TZS	4,185.53 MGA
5,000 TZS	8,371.06 MGA
10,000 TZS	16,742.12 MGA

Provider / Channel	MGA/TZS Effective Exchange Rate	Estimated Fee	Estimated Received (TZS)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.5973 TZS	0.00%	2,986.48 TZS	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.5764 TZS	~3.50%	2,881.95 TZS	-104.53 TZS
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.5376 TZS	~10.00%	2,687.83 TZS	-298.65 TZS

1 MGA to TZS: Malagasy Ariary to Tanzanian Shilling Exchange Guide

Searches for 1 MGA to TZS or convert MGA to TZS describe the amount of Tanzanian Shilling received per 1 Malagasy Ariary. At today's wholesale baseline of 1 MGA = 0.5973 TZS (inverse: 1 TZS = 1.6742 MGA), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Madagascar ↔ Tanzania)

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 Tanzania (BoT) shape the medium-to-long term valuation of MGA/TZS.

MGA and TZS Currency Profiles

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

How the MGA to TZS Exchange Rate Works

Foreign exchange transactions between Madagascar (MGA) and Tanzania (TZS) 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 TZS:

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 Tanzania (BoT) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagascar and Tanzania 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 (TZS) 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 Tanzanian Shilling Conversion

Common questions regarding Malagasy Ariary to Tanzanian Shilling conversion, bank spreads, and transfer costs.

How much is 1,000 MGA in TZS today?

At the current mid-market exchange rate (1 MGA = 0.5973 TZS), 1,000 Malagasy Ariary equals approximately 597.30 Tanzanian Shilling. 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.