LocalExchangeRates.com

Official Rate Sheet: Malagasy Ariary (MGA) / Ugandan Shilling (UGX)

Date generated:

Mid-Market Rate: 1 MGA = 0.9031 UGX

Real-Time Interbank Wholesale Feed: October 6, 2026

Malagasy Ariary to Ugandan Shilling Exchange Rate (MGA to UGX)

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 UGX?

1 MGA = 0.9031 UGX

At the current mid-market wholesale exchange rate, converting 1,000 Malagasy Ariary (MGA) yields approximately 903.08 Ugandan Shilling (UGX) (inverse rate: 1 UGX = 1.1073 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): UGX

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

Kurs rynkowy: 1 MGA = 0.9031 UGX

Kurs odwrotny: 1 UGX = 1.1073 MGA

Status danych: Live Data (Redis)

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

MGA to UGX Real-Time & Historical Rate Chart

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

Period High

0.9139 UGX

Period Low

0.8922 UGX

Volatility / Avg

0.9031 UGX

Mid-Market Trend

+0.25%

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

Min: 0.8922 UGX

Max: 0.9139 UGX

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

Min: 0.8715 UGX

Max: 0.9347 UGX

Standard Denomination Conversion Matrix (MGA & UGX)

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

Malagasy Ariary → Ugandan Shilling (MGA / UGX)

Wholesale Benchmark

Malagasy Ariary (MGA)	Ugandan Shilling (UGX)
1 MGA	0.90 UGX
5 MGA	4.52 UGX
10 MGA	9.03 UGX
25 MGA	22.58 UGX
50 MGA	45.15 UGX
100 MGA	90.31 UGX
200 MGA	180.62 UGX
250 MGA	225.77 UGX
500 MGA	451.54 UGX
1,000 MGA	903.08 UGX
2,500 MGA	2,257.70 UGX
5,000 MGA	4,515.39 UGX
10,000 MGA	9,030.78 UGX

Ugandan Shilling → Malagasy Ariary (UGX / MGA)

Wholesale Benchmark

Ugandan Shilling (UGX)	Malagasy Ariary (MGA)
1 UGX	1.11 MGA
5 UGX	5.54 MGA
10 UGX	11.07 MGA
25 UGX	27.68 MGA
50 UGX	55.37 MGA
100 UGX	110.73 MGA
200 UGX	221.46 MGA
250 UGX	276.83 MGA
500 UGX	553.66 MGA
1,000 UGX	1,107.32 MGA
2,500 UGX	2,768.31 MGA
5,000 UGX	5,536.62 MGA
10,000 UGX	11,073.24 MGA

Provider / Channel	MGA/UGX Effective Exchange Rate	Estimated Fee	Estimated Received (UGX)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.9031 UGX	0.00%	4,515.39 UGX	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.8715 UGX	~3.50%	4,357.35 UGX	-158.04 UGX
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.8128 UGX	~10.00%	4,063.85 UGX	-451.54 UGX

1 MGA to UGX: Malagasy Ariary to Ugandan Shilling Exchange Guide

Searches for 1 MGA to UGX or convert MGA to UGX describe the amount of Ugandan Shilling received per 1 Malagasy Ariary. At today's wholesale baseline of 1 MGA = 0.9031 UGX (inverse: 1 UGX = 1.1073 MGA), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Madagascar ↔ Uganda)

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 Uganda (BoU) shape the medium-to-long term valuation of MGA/UGX.

MGA and UGX Currency Profiles

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

How the MGA to UGX Exchange Rate Works

Foreign exchange transactions between Madagascar (MGA) and Uganda (UGX) 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 UGX:

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 Uganda (BoU) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagascar and Uganda 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 (UGX) 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 Ugandan Shilling Conversion

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

How much is 1,000 MGA in UGX today?

At the current mid-market exchange rate (1 MGA = 0.9031 UGX), 1,000 Malagasy Ariary equals approximately 903.08 Ugandan 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.