🇺🇸 USD to 🇲🇬 MGA — US Dollar to Malagasy Ariary (Ar) Rate Today
Indicative interbank rate. Interbank rate updated 25 Jul 00:00 UTC (2h ago) · ExchangeRate-API (interbank)
Convert US Dollar 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.
USD to MGA rate change
Rate tracking started 9 June 2026. Longer windows fill in as history grows.
Change in the USD→MGA rate. + means the Malagasy Ariary weakened against the US Dollar; − means it strengthened.
Currency converter
USD → MGA conversion table
| USD | MGA |
|---|---|
| 1 | 4,300 |
| 5 | 21,500 |
| 10 | 43,000 |
| 20 | 86,001 |
| 50 | 215,002 |
| 100 | 430,004 |
| 200 | 860,008 |
| 500 | 2,150,020 |
| 1,000 | 4,300,040 |
| 2,000 | 8,600,080 |
| 5,000 | 21,500,200 |
| 10,000 | 43,000,400 |
Table computed at the indicative rate of 1 USD = 4,300 MGA. Real operator-side values include a 1%-4% spread.
US Dollar to Malagasy Ariary exchange rate history
About the US Dollar
The US Dollar (USD, $) is the world's primary reserve currency and the de facto reference rate for most African remittance pricing. It is issued by the Federal Reserve System and subdivided into 100 cents. For African routes, the USD plays two distinct roles: as the on-the-wire settlement currency that originating remittance providers use to hedge between markets, and as the unit of account that diaspora senders most often think in. When operators quote a USD-to-local-currency rate, the difference between that rate and the interbank mid-market — the spread — is where most of the route's cost is hidden, often dwarfing the visible send fee. For receivers in countries with thin USD interbank markets such as Sierra Leone or Mozambique, the published rate can lag the interbank reference by several percentage points.
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FAQ
What is the USD/MGA exchange rate today?
How much is 100 USD in MGA?
What's the best way to send US Dollar 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.