Malagasy Ariary to South African Rand

Convert Malagasy Ariary to South African Rand using a daily mid-market reference rate assembled from institutional and central-bank sources.

MGA to ZAR converter

Common amounts

100 MGA 500 MGA 1,000 MGA 5,000 MGA 10,000 MGA 50,000 MGA 100,000 MGA 1,000,000 MGA

Malagasy Ariary

South African Rand

R 0.37

Reference rate

1 MGA = 0.0037432564 ZAR

MGA to ZAR exchange rates

Every underlined amount opens its own server-rendered converter page.

MGAZAR

Malagasy Ariary	South African Rand
Ar 100.00	R 0.37
Ar 500.00	R 1.87
Ar 1,000.00	R 3.74
Ar 5,000.00	R 18.72
Ar 10,000.00	R 37.43
Ar 50,000.00	R 187.16
Ar 100,000.00	R 374.33

ZARMGA

South African Rand	Malagasy Ariary
R 1.00	Ar 267.15
R 5.00	Ar 1,335.74
R 10.00	Ar 2,671.47
R 25.00	Ar 6,678.68
R 50.00	Ar 13,357.35
R 100.00	Ar 26,714.71
R 500.00	Ar 133,573.54

Why your bank’s rate differs

The archive shows a sourced reference rate. A provider can apply a spread and add transfer, trading, network, card, or receiving fees. Adjust the illustration to see how the rate margin alone changes the result.

Illustrative provider margin: 3.0%

Reference result

R 0.37

Illustrative result

R 0.36

Difference

R 0.01

This example applies the selected margin to Ar 100.00. It is not a quote or a claim about any particular bank, card, or transfer service. Fixed fees can increase the difference further.

Source observations and calculation details

The pair is calculated through EUR. Its oldest underlying observation is dated Aug 28, 2026, 12:00 AM. Constituents are retained so the published figure can be audited.

MGA leg

Method: median
Observed: Aug 28, 2026, 12:00 AM
Sources used: 4

Banca d'Italia (2026-09-02)
Lietuvos Bankas (2026-08-28)
Narodowy Bank Polski (2026-09-02)
Reserve Bank of Malawi (2026-09-02)

ZAR leg

Method: issuer
Observed: Sep 2, 2026, 12:00 AM
Sources used: 1

South African Reserve Bank (2026-09-02)

Top currency pairings for Malagasy Ariary

MGA to USD MGA to EUR MGA to GBP MGA to JPY MGA to CNY MGA to AUD MGA to CAD MGA to CHF

Change source currency

AUDAustralian Dollar BRLBrazilian Real GBPBritish Pound CADCanadian Dollar CNYChinese Renminbi Yuan CZKCzech Koruna DKKDanish Krone HKDHong Kong Dollar HUFHungarian Forint INRIndian Rupee IDRIndonesian Rupiah GHSGhanaian Cedi

Popular MGA amounts

Jump to another amount

100MGA 500MGA 1,000MGA 5,000MGA 10,000MGA 50,000MGA 100,000MGA 1,000,000MGA

Frequently asked questions

What is the MGA to ZAR rate based on?+

It is a daily reference rate assembled from institutional and central-bank publications and is not guaranteed to be available from a bank or transfer provider.

Why is my bank's exchange rate different?+

Banks, cards and transfer services can add an exchange-rate margin and fixed fees. The adjustable example on this page illustrates the effect without claiming a margin for any particular provider.

What happens on weekends and holidays?+

No rate is invented or forward-filled. A dated request with no publication is labelled as not published and points to the nearest prior observation separately.