🇪🇺 EUR to 🇲🇬 MGA — Euro to Malagasy Ariary (Ar) Rate Today
Indicative interbank rate. Interbank rate updated 1 Aug 09:00 UTC (1h ago) · ExchangeRate-API (interbank)
Convert Euro to Malagasy Ariary using the live indicative interbank rate and the converter below. Covers the cost of sending to Madagascar via the major mobile money apps.
EUR to MGA rate change
Rate tracking started 9 June 2026. Longer windows fill in as history grows.
Change in the EUR→MGA rate. + means the Malagasy Ariary weakened against the Euro; − means it strengthened.
Currency converter
EUR → MGA conversion table
| EUR | MGA |
|---|---|
| 1 | 4,904 |
| 5 | 24,522 |
| 10 | 49,043 |
| 20 | 98,087 |
| 50 | 245,217 |
| 100 | 490,434 |
| 200 | 980,868 |
| 500 | 2,452,170 |
| 1,000 | 4,904,340 |
| 2,000 | 9,808,680 |
| 5,000 | 24,521,700 |
| 10,000 | 49,043,400 |
Table computed at the indicative rate of 1 EUR = 4,904 MGA. Real operator-side values include a 1%-4% spread.
Euro to Malagasy Ariary exchange rate history
About the Euro
The Euro (EUR, €) is the official currency of 20 European Union member states and the anchor of one of the most consequential fixed-peg arrangements in African monetary history. The Euro is issued by the European Central Bank in Frankfurt and is the second-largest reserve currency after the USD. Two African monetary unions — the West African Economic and Monetary Union (UEMOA / XOF) and the Central African Economic and Monetary Community (CEMAC / XAF) — peg their CFA francs to the EUR at the fixed rate of 655.957 CFA = 1 EUR. The peg has been in continuous operation since the 1999 introduction of the Euro, and replaced the prior French franc peg. For diaspora remitters in France, Belgium, Italy, Spain, Portugal and Germany, the EUR is the dominant send currency for the WAEMU and CEMAC routes.
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FAQ
What is the EUR/MGA exchange rate today?
How much is 100 EUR in MGA?
What's the best way to send Euro to Madagascar?
Is the Malagasy Ariary a stable currency?
Why is the rate I see on my mobile money operator different?
Rates shown on this page are indicative interbank reference rates updated daily. Operator send rates typically include a 1%-4% spread above this reference, which covers FX hedging cost, settlement risk and commercial margin. For exact send rates via M-Pesa, MTN MoMo, Sendwave, LemFi, WorldRemit, Wise or TapTap Send to Madagascar, see the inbound transfer comparison.