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MGA to EUR - Malagasy Ariary to Euro Converter

Convert Malagasy Ariary to Euro with daily ECB exchange rates

1 MGA = ~0.000189 EUR (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

This currency pair is highly volatile. Always check live rates before transactions.

This pair is volatile. Mental math is not reliable—always check live rates.

Rates can move 5-10% in a week. Use a live converter for accuracy.

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Common MGA - EUR Conversions

Forex Market Hours

Sydney
22:00 - 07:00 UTC
Closed
Tokyo
00:00 - 09:00 UTC
Closed
London
08:00 - 17:00 UTC
Closed
New York
13:00 - 22:00 UTC
Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

Policy decisions by Banky Foiben'i Madagasikara and the European Central Bank, inflation differences, Madagascar-EU trade balances, political stability, and global risk sentiment all shape the rate. Market expectations can move quotes even without visible events.

Economic Context

Trading Relationship

Madagascar and the Eurozone engage in trade across goods such as vanilla, cloves, and textiles, with Europe supplying machinery and consumer goods. The MGA/EUR rate affects pricing, margins, and cash flows for firms on both sides.

Key Rate Factors

  • •Bank policy decisions by BoM and ECB
  • •Inflation differentials between Madagascar and the euro area
  • •Trade balance and commodity prices
  • •Political stability and governance
  • •Global risk sentiment and liquidity conditions

Central Banks

Banky Foiben'i Madagasikara
Antananarivo, Madagascar
Manages monetary policy and money supply to maintain price stability and financial system integrity.
European Central Bank
Frankfurt, Germany
Sets monetary policy for the euro area, guiding interest rates and liquidity to maintain price stability.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates