LocalExchangeRates.com

Official Rate Sheet: Malagasy Ariary (MGA) / West African CFA Franc (XOF)

Date generated:

Mid-Market Rate: 1 MGA = 0.1325 XOF

Real-Time Interbank Wholesale Feed: October 6, 2026

Malagasy Ariary to West African CFA Franc Exchange Rate (MGA to XOF)

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 XOF?

1 MGA = 0.1325 XOF

At the current mid-market wholesale exchange rate, converting 1,000 Malagasy Ariary (MGA) yields approximately 132.49 West African CFA Franc (XOF) (inverse rate: 1 XOF = 7.5477 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): XOF

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

Kurs rynkowy: 1 MGA = 0.1325 XOF

Kurs odwrotny: 1 XOF = 7.5477 MGA

Status danych: Live Data (Redis)

Looking for reverse calculation? Check XOF to MGA (West African CFA Franc to Malagasy Ariary) Live Converter →

MGA to XOF Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Malagasy Ariary against West African CFA Franc

Period High

0.1341 XOF

Period Low

0.1309 XOF

Volatility / Avg

0.1325 XOF

Mid-Market Trend

+0.25%

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

Min: 0.1309 XOF

Max: 0.1341 XOF

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

Min: 0.1279 XOF

Max: 0.1371 XOF

Standard Denomination Conversion Matrix (MGA & XOF)

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

Malagasy Ariary → West African CFA Franc (MGA / XOF)

Wholesale Benchmark

Malagasy Ariary (MGA)	West African CFA Franc (XOF)
1 MGA	0.13 XOF
5 MGA	0.66 XOF
10 MGA	1.32 XOF
25 MGA	3.31 XOF
50 MGA	6.62 XOF
100 MGA	13.25 XOF
200 MGA	26.50 XOF
250 MGA	33.12 XOF
500 MGA	66.25 XOF
1,000 MGA	132.49 XOF
2,500 MGA	331.23 XOF
5,000 MGA	662.45 XOF
10,000 MGA	1,324.91 XOF

West African CFA Franc → Malagasy Ariary (XOF / MGA)

Wholesale Benchmark

West African CFA Franc (XOF)	Malagasy Ariary (MGA)
1 XOF	7.55 MGA
5 XOF	37.74 MGA
10 XOF	75.48 MGA
25 XOF	188.69 MGA
50 XOF	377.39 MGA
100 XOF	754.77 MGA
200 XOF	1,509.54 MGA
250 XOF	1,886.93 MGA
500 XOF	3,773.85 MGA
1,000 XOF	7,547.70 MGA
2,500 XOF	18,869.25 MGA
5,000 XOF	37,738.51 MGA
10,000 XOF	75,477.01 MGA

Provider / Channel	MGA/XOF Effective Exchange Rate	Estimated Fee	Estimated Received (XOF)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.1325 XOF	0.00%	662.45 XOF	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.1279 XOF	~3.50%	639.27 XOF	-23.19 XOF
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.1192 XOF	~10.00%	596.21 XOF	-66.25 XOF

1 MGA to XOF: Malagasy Ariary to West African CFA Franc Exchange Guide

Searches for 1 MGA to XOF or convert MGA to XOF describe the amount of West African CFA Franc received per 1 Malagasy Ariary. At today's wholesale baseline of 1 MGA = 0.1325 XOF (inverse: 1 XOF = 7.5477 MGA), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Madagascar ↔ West Africa (UEMOA))

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 West African States (BCEAO) shape the medium-to-long term valuation of MGA/XOF.

MGA and XOF Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for Madagascar and West Africa (UEMOA).

How the MGA to XOF Exchange Rate Works

Foreign exchange transactions between Madagascar (MGA) and West Africa (UEMOA) (XOF) 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 XOF:

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 West African States (BCEAO) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagascar and West Africa (UEMOA) 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 (XOF) 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 West African CFA Franc Conversion

Common questions regarding Malagasy Ariary to West African CFA Franc conversion, bank spreads, and transfer costs.

How much is 1,000 MGA in XOF today?

At the current mid-market exchange rate (1 MGA = 0.1325 XOF), 1,000 Malagasy Ariary equals approximately 132.49 West African CFA Franc. 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.