LocalExchangeRates.com

Official Rate Sheet: Malagassische ariary (MGA) / Surinaamse dollar (SRD)

Date generated:

Mid-Market Rate: 1 MGA = 0.0086 SRD

Real-Time Interbank Wholesale Feed: October 6, 2026

Malagassische ariary to Surinaamse dollar Exchange Rate (MGA to SRD)

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 SRD?

1 MGA = 0.0086 SRD

At the current mid-market wholesale exchange rate, converting 1,000 Malagassische ariary (MGA) yields approximately 8.56 Surinaamse dollar (SRD) (inverse rate: 1 SRD = 116.7680 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): SRD

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

Kurs rynkowy: 1 MGA = 0.0086 SRD

Kurs odwrotny: 1 SRD = 116.7680 MGA

Status danych: Live Data (Redis)

Looking for reverse calculation? Check SRD to MGA (Surinaamse dollar to Malagassische ariary) Live Converter →

MGA to SRD Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Malagassische ariary against Surinaamse dollar

Period High

0.0087 SRD

Period Low

0.0085 SRD

Volatility / Avg

0.0086 SRD

Mid-Market Trend

+0.25%

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

Min: 0.0085 SRD

Max: 0.0087 SRD

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

Min: 0.0083 SRD

Max: 0.0089 SRD

Standard Denomination Conversion Matrix (MGA & SRD)

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

Malagassische ariary → Surinaamse dollar (MGA / SRD)

Wholesale Benchmark

Malagassische ariary (MGA)	Surinaamse dollar (SRD)
1 MGA	0.01 SRD
5 MGA	0.04 SRD
10 MGA	0.09 SRD
25 MGA	0.21 SRD
50 MGA	0.43 SRD
100 MGA	0.86 SRD
200 MGA	1.71 SRD
250 MGA	2.14 SRD
500 MGA	4.28 SRD
1,000 MGA	8.56 SRD
2,500 MGA	21.41 SRD
5,000 MGA	42.82 SRD
10,000 MGA	85.64 SRD

Surinaamse dollar → Malagassische ariary (SRD / MGA)

Wholesale Benchmark

Surinaamse dollar (SRD)	Malagassische ariary (MGA)
1 SRD	116.77 MGA
5 SRD	583.84 MGA
10 SRD	1,167.68 MGA
25 SRD	2,919.20 MGA
50 SRD	5,838.40 MGA
100 SRD	11,676.80 MGA
200 SRD	23,353.59 MGA
250 SRD	29,191.99 MGA
500 SRD	58,383.98 MGA
1,000 SRD	116,767.96 MGA
2,500 SRD	291,919.90 MGA
5,000 SRD	583,839.80 MGA
10,000 SRD	1,167,679.59 MGA

Provider / Channel	MGA/SRD Effective Exchange Rate	Estimated Fee	Estimated Received (SRD)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0086 SRD	0.00%	42.82 SRD	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0083 SRD	~3.50%	41.32 SRD	-1.50 SRD
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0077 SRD	~10.00%	38.54 SRD	-4.28 SRD

1 MGA to SRD: Malagassische ariary to Surinaamse dollar Exchange Guide

Searches for 1 MGA to SRD or convert MGA to SRD describe the amount of Surinaamse dollar received per 1 Malagassische ariary. At today's wholesale baseline of 1 MGA = 0.0086 SRD (inverse: 1 SRD = 116.7680 MGA), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Madagaskar ↔ Suriname)

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 Centrale Bank van Madagaskar (BFM) and Centrale Bank van Suriname (CBvS) shape the medium-to-long term valuation of MGA/SRD.

MGA and SRD Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for Madagaskar and Suriname.

How the MGA to SRD Exchange Rate Works

Foreign exchange transactions between Madagaskar (MGA) and Suriname (SRD) 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 SRD:

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 Centrale Bank van Madagaskar (BFM) and Centrale Bank van Suriname (CBvS) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Madagaskar and Suriname 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 (SRD) 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: Malagassische ariary to Surinaamse dollar Conversion

Common questions regarding Malagassische ariary to Surinaamse dollar conversion, bank spreads, and transfer costs.

How much is 1,000 MGA in SRD today?

At the current mid-market exchange rate (1 MGA = 0.0086 SRD), 1,000 Malagassische ariary equals approximately 8.56 Surinaamse dollar. 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 Malagassische 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 (Centrale Bank van Madagaskar (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.