LocalExchangeRates.com

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

Date generated:

Mid-Market Rate: 1 XOF = 7.5477 MGA

Real-Time Interbank Wholesale Feed: October 6, 2026

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

1 XOF = 7.5477 MGA

At the current mid-market wholesale exchange rate, converting 1,000 West African CFA Franc (XOF) yields approximately 7,547.70 Malagasy Ariary (MGA) (inverse rate: 1 MGA = 0.1325 XOF). 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): XOF

You Receive (Estimate): MGA

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

Kurs rynkowy: 1 XOF = 7.5477 MGA

Kurs odwrotny: 1 MGA = 0.1325 XOF

Status danych: Live Data (Redis)

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

XOF to MGA Real-Time & Historical Rate Chart

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

Period High

7.6383 MGA

Period Low

7.4571 MGA

Volatility / Avg

7.5477 MGA

Mid-Market Trend

+0.25%

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

Min: 7.4571 MGA

Max: 7.6383 MGA

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

Min: 7.2835 MGA

Max: 7.8119 MGA

Standard Denomination Conversion Matrix (XOF & MGA)

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

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

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

Provider / Channel	XOF/MGA Effective Exchange Rate	Estimated Fee	Estimated Received (MGA)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	7.5477 MGA	0.00%	37,738.51 MGA	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	7.2835 MGA	~3.50%	36,417.66 MGA	-1,320.85 MGA
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	6.7929 MGA	~10.00%	33,964.66 MGA	-3,773.85 MGA

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

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

🌏 International Transfers & Travel (West Africa (UEMOA) ↔ 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 West African States (BCEAO) and Central Bank of Madagascar (BFM) shape the medium-to-long term valuation of XOF/MGA.

XOF and MGA Currency Profiles

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

How the XOF to MGA Exchange Rate Works

Foreign exchange transactions between West Africa (UEMOA) (XOF) 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 XOF 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 West African States (BCEAO) 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 West Africa (UEMOA) 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: West African CFA Franc to Malagasy Ariary Conversion

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

How much is 1,000 XOF in MGA today?

At the current mid-market exchange rate (1 XOF = 7.5477 MGA), 1,000 West African CFA Franc equals approximately 7,547.70 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 West African CFA Franc?

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 XOF?

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 West African States (BCEAO)) 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.