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🇲🇬 MGA to 🇯🇵 JPY — Malagasy Ariary (Ar) to Japanese Yen (yen) Rate Today

Live indicative interbank rate. Last refreshed 25 Jun 2026 01:20:39 UTC.

Convert Malagasy Ariary to Japanese Yen using the live indicative interbank rate and the converter below. Covers the cost of sending to Japan via the major mobile money apps.

LiveUpdated 2026-06-25 · Computed via USD cross
1 MGA = 0.0354 JPY
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🇲🇬MGA
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1 MGA = 0.0354 JPY · Updated 2026-06-25 01:20

MGA → JPY conversion table

MGAJPY
50018
1,00035
2,00071
5,000177
10,000354
25,000885
50,0001,770
100,0003,540
250,0008,850
500,00017,700
1,000,00035,400

Table computed at the indicative rate of 1 MGA = 0.0354 JPY. Real operator-side values include a 1%-4% spread.

Malagasy Ariary to Japanese Yen exchange rate history

Building rate history — check back soon.

About the Japanese Yen

The Japanese Yen (JPY, ¥) is issued by the Bank of Japan and, unlike most currencies, has no minor unit in everyday use — amounts are quoted in whole yen, so a price is written as ¥10,000 with no decimal places. The yen is one of the world's most-traded currencies and a traditional safe-haven, which makes it relatively liquid against African currencies even though direct JPY/Africa interbank markets are thin and most rates are derived through the US dollar. For African importers the yen matters most in two arenas: capital goods and machinery (Japan is a major supplier of vehicles, plant and electronics across the continent), and the used-vehicle trade, where Japan is the dominant export source for right-hand-drive markets in Kenya, Tanzania, Uganda, Zambia and beyond. Because the per-unit yen value is small against currencies like the naira or shilling, buyers usually convert in tens of thousands of yen.

Related pairs

JPY → MGAUSD → MGAEUR → MGAGBP → MGACNY → MGAZAR → MGANGN → MGA

FAQ

What is the MGA/JPY exchange rate today?
The indicative rate is 1 MGA = 0.0354 JPY, updated 2026-06-25. This is an interbank mid-market reference; mobile money operators apply their own spread on top.
How much is 100 MGA in JPY?
100 MGA ≈ 4 JPY at the indicative rate. For 500 MGA: 18 JPY. Use the converter above to try other amounts.
What's the best way to send Malagasy Ariary to Japan?
For MGA to Japan transfers, compare Sendwave, LemFi, WorldRemit, TapTap Send, Wise and traditional bank rails. The fee structure varies by amount and receiving method.
Is the Japanese Yen a stable currency?
The Japanese Yen (JPY, ¥) is issued by the Bank of Japan and, unlike most currencies, has no minor unit in everyday use — amounts are quoted in whole yen, so a price is written as ¥10,000 with no decimal places. The yen is one of the world's most-traded currencies and a traditional safe-haven, which makes it relatively liquid against African currencies even though direct JPY/Africa interbank markets are thin and most rates are derived through the US dollar.
Why is the rate I see on my mobile money operator different?
The rate shown here is an indicative interbank mid-market reference. Operators (Sendwave, M-Pesa, MTN MoMo, LemFi, etc.) add a 1%-4% spread on top of this mid-market to cover their risk and operational cost. This is normal and consistent with market practice.

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 Japan, see the inbound transfer comparison.