CURRENCY PAIR
MGA to EUR Currency Converter
Malagasy Ariary → 
Euro
1 MGA = 0.000197 EURRate date: 2026-11-01 · Frankfurter
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DIRECT ANSWER
1 MGA = 0.000197 EUR
Using reference data dated 2026-11-01, 1 Malagasy Ariary (MGA) is approximately 0.000197 Euro (EUR).
This is a comparison reference. Bank, card and transfer-provider quotes may include spreads and fees.
Currency converter
MGA → EUR
Rate date 2026-11-01
Quick amounts
MGA 1EUR 0.000197
1 MGA = 0.000197 EUR
Reference rate only. Banks and payment providers may use different rates and fees.
FEE ESTIMATE
Full fee tool →Estimate fees for MGA to EUR
Reference conversion—
Estimated cost—
Estimated received—
This estimate uses the values you enter. Providers may use different rates and fee methods.
CURRENT RATE
Current MGA to EUR reference rate
Reference rate1 MGA = 0.000197 EUR
Inverse rate1 EUR = 5,069.194505 MGA
Rate date2026-11-01
Rate typeReference only
HISTORICAL CHART
MGA/EUR reference-rate history
Previous publication-0.01%
7 day change+1.47%
30 day change-1.29%
90 day change-2.21%
90-day high0.000202
90-day low0.000194
90-day average0.000199
The chart describes published historical reference data and does not predict future movement.
CURRENCY KNOWLEDGE
About MGA and EUR
Malagasy AriaryMGA
- Symbol
- Ar
- Country or area
- Madagascar
- Region
- —
- Central bank
- —
- Minor unit
- —
EuroEUR
- Symbol
- €
- Country or area
- European Union
- Region
- Europe
- Central bank
- European Central Bank
- Minor unit
- Cent
Common MGA and EUR amounts
The table shows both directions. Actual transaction results may differ because of provider fees.
| MGA | EUR | EUR | MGA |
|---|---|---|---|
| 1 MGA | 0.000197 EUR | 1 EUR | 5,069.194505 MGA |
| 5 MGA | 0.000986 EUR | 5 EUR | 25,345.972525 MGA |
| 10 MGA | 0.001973 EUR | 10 EUR | 50,691.94505 MGA |
| 20 MGA | 0.003945 EUR | 20 EUR | 101,383.8901 MGA |
| 25 MGA | 0.004932 EUR | 25 EUR | 126,729.862625 MGA |
| 50 MGA | 0.009864 EUR | 50 EUR | 253,459.72525 MGA |
| 100 MGA | 0.019727 EUR | 100 EUR | 506,919.450499 MGA |
| 250 MGA | 0.049318 EUR | 250 EUR | 1,267,298.626248 MGA |
| 500 MGA | 0.098635 EUR | 500 EUR | 2,534,597.252497 MGA |
| 1,000 MGA | 0.19727 EUR | 1,000 EUR | 5,069,194.504993 MGA |
| 5,000 MGA | 0.98635 EUR | 5,000 EUR | 25,345,972.524966 MGA |
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Read guide →MGA → EUR questions
What does MGA to EUR mean?
It treats Malagasy Ariary (MGA) as the starting currency and calculates the equivalent amount in Euro (EUR).
How much is 1 MGA in EUR now?
The answer block at the top shows the latest available dated reference rate. Rates change, so cite the provider date shown on the page.
Is this a bank or transfer-provider rate?
No. It is a dated reference rate. Banks, card networks and transfer providers may add spreads and fees.
How current is the exchange rate?
The page shows the provider publication date, currently 2026-11-01. Weekends and holidays may use the latest working-day observation.
Why can the final received amount differ?
The actual amount can be affected by provider spreads, percentage charges, fixed fees, settlement method and transaction time.
SOURCES & METHOD
Rate data and content maintenance
Rate data is supplied through the Frankfurter public reference-data interface. The page distinguishes reference information from executable customer quotes and displays the provider date.
- Provider
- Frankfurter
- Rate date
- 2026-11-01
- Content maintenance
- CurrencyFlow
- Last updated