LocalExchangeRates.com

Official Rate Sheet: Paraguayan Guarani (PYG) / Malagasy Ariary (MGA)

Date generated:

Mid-Market Rate: 1 PYG = 0.7552 MGA

Real-Time Interbank Wholesale Feed: October 6, 2026

Paraguayan Guarani to Malagasy Ariary Exchange Rate (PYG to MGA)

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 PYG in MGA?

1 PYG = 0.7552 MGA

At the current mid-market wholesale exchange rate, converting 1,000 Paraguayan Guarani (PYG) yields approximately 755.21 Malagasy Ariary (MGA) (inverse rate: 1 MGA = 1.3241 PYG). 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): PYG

You Receive (Estimate): MGA

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

Kurs rynkowy: 1 PYG = 0.7552 MGA

Kurs odwrotny: 1 MGA = 1.3241 PYG

Status danych: Live Data (Redis)

Looking for reverse calculation? Check MGA to PYG (Malagasy Ariary to Paraguayan Guarani) Live Converter →

PYG to MGA Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Paraguayan Guarani against Malagasy Ariary

Period High

0.7643 MGA

Period Low

0.7462 MGA

Volatility / Avg

0.7552 MGA

Mid-Market Trend

+0.25%

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

Min: 0.7462 MGA

Max: 0.7643 MGA

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

Min: 0.7288 MGA

Max: 0.7816 MGA

Standard Denomination Conversion Matrix (PYG & MGA)

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

Paraguayan Guarani → Malagasy Ariary (PYG / MGA)

Wholesale Benchmark

Paraguayan Guarani (PYG)	Malagasy Ariary (MGA)
1 PYG	0.76 MGA
5 PYG	3.78 MGA
10 PYG	7.55 MGA
25 PYG	18.88 MGA
50 PYG	37.76 MGA
100 PYG	75.52 MGA
200 PYG	151.04 MGA
250 PYG	188.80 MGA
500 PYG	377.61 MGA
1,000 PYG	755.21 MGA
2,500 PYG	1,888.04 MGA
5,000 PYG	3,776.07 MGA
10,000 PYG	7,552.14 MGA

Malagasy Ariary → Paraguayan Guarani (MGA / PYG)

Wholesale Benchmark

Malagasy Ariary (MGA)	Paraguayan Guarani (PYG)
1 MGA	1.32 PYG
5 MGA	6.62 PYG
10 MGA	13.24 PYG
25 MGA	33.10 PYG
50 MGA	66.21 PYG
100 MGA	132.41 PYG
200 MGA	264.83 PYG
250 MGA	331.03 PYG
500 MGA	662.06 PYG
1,000 MGA	1,324.13 PYG
2,500 MGA	3,310.32 PYG
5,000 MGA	6,620.64 PYG
10,000 MGA	13,241.28 PYG

Provider / Channel	PYG/MGA Effective Exchange Rate	Estimated Fee	Estimated Received (MGA)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.7552 MGA	0.00%	3,776.07 MGA	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.7288 MGA	~3.50%	3,643.91 MGA	-132.16 MGA
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.6797 MGA	~10.00%	3,398.46 MGA	-377.61 MGA

1 PYG to MGA: Paraguayan Guarani to Malagasy Ariary Exchange Guide

Searches for 1 PYG to MGA or convert PYG to MGA describe the amount of Malagasy Ariary received per 1 Paraguayan Guarani. At today's wholesale baseline of 1 PYG = 0.7552 MGA (inverse: 1 MGA = 1.3241 PYG), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Paraguay ↔ Madagascar)

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 Paraguay (BCP) and Central Bank of Madagascar (BFM) shape the medium-to-long term valuation of PYG/MGA.

PYG and MGA Currency Profiles

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

How the PYG to MGA Exchange Rate Works

Foreign exchange transactions between Paraguay (PYG) and Madagascar (MGA) 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 PYG and MGA:

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 Paraguay (BCP) and Central Bank of Madagascar (BFM) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Paraguay and Madagascar 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 (MGA) 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: Paraguayan Guarani to Malagasy Ariary Conversion

Common questions regarding Paraguayan Guarani to Malagasy Ariary conversion, bank spreads, and transfer costs.

How much is 1,000 PYG in MGA today?

At the current mid-market exchange rate (1 PYG = 0.7552 MGA), 1,000 Paraguayan Guarani equals approximately 755.21 Malagasy Ariary. 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 Paraguayan Guarani?

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 PYG?

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 Paraguay (BCP)) 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.