LocalExchangeRates.com

Official Rate Sheet: Malagasy Ariary (MGA) / Yemeni Rial (YER)

Date generated:

Mid-Market Rate: 1 MGA = 0.0535 YER

Real-Time Interbank Wholesale Feed: October 6, 2026

Malagasy Ariary to Yemeni Rial Exchange Rate (MGA to YER)

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 YER?

1 MGA = 0.0535 YER

At the current mid-market wholesale exchange rate, converting 1,000 Malagasy Ariary (MGA) yields approximately 53.52 Yemeni Rial (YER) (inverse rate: 1 YER = 18.6848 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): YER

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

Kurs rynkowy: 1 MGA = 0.0535 YER

Kurs odwrotny: 1 YER = 18.6848 MGA

Status danych: Live Data (Redis)

Looking for reverse calculation? Check YER to MGA (Yemeni Rial to Malagasy Ariary) Live Converter →

MGA to YER Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Malagasy Ariary against Yemeni Rial

Period High

0.0542 YER

Period Low

0.0529 YER

Volatility / Avg

0.0535 YER

Mid-Market Trend

+0.25%

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

Min: 0.0529 YER

Max: 0.0542 YER

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

Min: 0.0516 YER

Max: 0.0554 YER

Standard Denomination Conversion Matrix (MGA & YER)

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

Malagasy Ariary → Yemeni Rial (MGA / YER)

Wholesale Benchmark

Malagasy Ariary (MGA)	Yemeni Rial (YER)
1 MGA	0.05 YER
5 MGA	0.27 YER
10 MGA	0.54 YER
25 MGA	1.34 YER
50 MGA	2.68 YER
100 MGA	5.35 YER
200 MGA	10.70 YER
250 MGA	13.38 YER
500 MGA	26.76 YER
1,000 MGA	53.52 YER
2,500 MGA	133.80 YER
5,000 MGA	267.60 YER
10,000 MGA	535.20 YER

Yemeni Rial → Malagasy Ariary (YER / MGA)

Wholesale Benchmark

Yemeni Rial (YER)	Malagasy Ariary (MGA)
1 YER	18.68 MGA
5 YER	93.42 MGA
10 YER	186.85 MGA
25 YER	467.12 MGA
50 YER	934.24 MGA
100 YER	1,868.48 MGA
200 YER	3,736.95 MGA
250 YER	4,671.19 MGA
500 YER	9,342.38 MGA
1,000 YER	18,684.76 MGA
2,500 YER	46,711.90 MGA
5,000 YER	93,423.79 MGA
10,000 YER	186,847.59 MGA

Provider / Channel	MGA/YER Effective Exchange Rate	Estimated Fee	Estimated Received (YER)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0535 YER	0.00%	267.60 YER	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0516 YER	~3.50%	258.23 YER	-9.37 YER
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0482 YER	~10.00%	240.84 YER	-26.76 YER

1 MGA to YER: Malagasy Ariary to Yemeni Rial Exchange Guide

Searches for 1 MGA to YER or convert MGA to YER describe the amount of Yemeni Rial received per 1 Malagasy Ariary. At today's wholesale baseline of 1 MGA = 0.0535 YER (inverse: 1 YER = 18.6848 MGA), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Madagascar ↔ Yemen)

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 Yemen shape the medium-to-long term valuation of MGA/YER.

MGA and YER Currency Profiles

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

How the MGA to YER Exchange Rate Works

Foreign exchange transactions between Madagascar (MGA) and Yemen (YER) 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 YER:

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 Yemen serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagascar and Yemen 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 (YER) 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 Yemeni Rial Conversion

Common questions regarding Malagasy Ariary to Yemeni Rial conversion, bank spreads, and transfer costs.

How much is 1,000 MGA in YER today?

At the current mid-market exchange rate (1 MGA = 0.0535 YER), 1,000 Malagasy Ariary equals approximately 53.52 Yemeni Rial. 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.