LocalExchangeRates.com

Official Rate Sheet: East Caribbean Dollar (XCD) / Malagasy Ariary (MGA)

Date generated:

Mid-Market Rate: 1 XCD = 1633.7055 MGA

Real-Time Interbank Wholesale Feed: October 6, 2026

East Caribbean Dollar to Malagasy Ariary Exchange Rate (XCD 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 XCD in MGA?

1 XCD = 1633.7055 MGA

At the current mid-market wholesale exchange rate, converting 1,000 East Caribbean Dollar (XCD) yields approximately 1,633,705.50 Malagasy Ariary (MGA) (inverse rate: 1 MGA = 0.0006 XCD). 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): XCD

You Receive (Estimate): MGA

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

Kurs rynkowy: 1 XCD = 1633.7055 MGA

Kurs odwrotny: 1 MGA = 0.0006 XCD

Status danych: Live Data (Redis)

Looking for reverse calculation? Check MGA to XCD (Malagasy Ariary to East Caribbean Dollar) Live Converter →

XCD to MGA Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for East Caribbean Dollar against Malagasy Ariary

Period High

1653.3100 MGA

Period Low

1614.1010 MGA

Volatility / Avg

1633.7055 MGA

Mid-Market Trend

+0.25%

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

Min: 1614.1010 MGA

Max: 1653.3100 MGA

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

Min: 1576.5258 MGA

Max: 1690.8852 MGA

Standard Denomination Conversion Matrix (XCD & MGA)

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

East Caribbean Dollar → Malagasy Ariary (XCD / MGA)

Wholesale Benchmark

East Caribbean Dollar (XCD)	Malagasy Ariary (MGA)
1 XCD	1,633.71 MGA
5 XCD	8,168.53 MGA
10 XCD	16,337.06 MGA
25 XCD	40,842.64 MGA
50 XCD	81,685.28 MGA
100 XCD	163,370.55 MGA
200 XCD	326,741.10 MGA
250 XCD	408,426.38 MGA
500 XCD	816,852.75 MGA
1,000 XCD	1,633,705.50 MGA
2,500 XCD	4,084,263.76 MGA
5,000 XCD	8,168,527.51 MGA
10,000 XCD	16,337,055.02 MGA

Malagasy Ariary → East Caribbean Dollar (MGA / XCD)

Wholesale Benchmark

Malagasy Ariary (MGA)	East Caribbean Dollar (XCD)
1 MGA	0.00 XCD
5 MGA	0.00 XCD
10 MGA	0.01 XCD
25 MGA	0.02 XCD
50 MGA	0.03 XCD
100 MGA	0.06 XCD
200 MGA	0.12 XCD
250 MGA	0.15 XCD
500 MGA	0.31 XCD
1,000 MGA	0.61 XCD
2,500 MGA	1.53 XCD
5,000 MGA	3.06 XCD
10,000 MGA	6.12 XCD

Provider / Channel	XCD/MGA Effective Exchange Rate	Estimated Fee	Estimated Received (MGA)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	1633.7055 MGA	0.00%	8,168,527.51 MGA	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	1,576.5258 MGA	~3.50%	7,882,629.05 MGA	-285,898.46 MGA
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	1,470.3350 MGA	~10.00%	7,351,674.76 MGA	-816,852.75 MGA

1 XCD to MGA: East Caribbean Dollar to Malagasy Ariary Exchange Guide

Searches for 1 XCD to MGA or convert XCD to MGA describe the amount of Malagasy Ariary received per 1 East Caribbean Dollar. At today's wholesale baseline of 1 XCD = 1633.7055 MGA (inverse: 1 MGA = 0.0006 XCD), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Eastern Caribbean ↔ 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 Eastern Caribbean Central Bank (ECCB) and Central Bank of Madagascar (BFM) shape the medium-to-long term valuation of XCD/MGA.

XCD and MGA Currency Profiles

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

How the XCD to MGA Exchange Rate Works

Foreign exchange transactions between Eastern Caribbean (XCD) 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 XCD 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 Eastern Caribbean Central Bank (ECCB) 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 Eastern Caribbean 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: East Caribbean Dollar to Malagasy Ariary Conversion

Common questions regarding East Caribbean Dollar to Malagasy Ariary conversion, bank spreads, and transfer costs.

How much is 1,000 XCD in MGA today?

At the current mid-market exchange rate (1 XCD = 1633.7055 MGA), 1,000 East Caribbean Dollar equals approximately 1,633,705.50 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 East Caribbean Dollar?

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 XCD?

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 (Eastern Caribbean Central Bank (ECCB)) 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.