MGA to USD - Malagasy Ariary to US Dollar Converter

Convert Malagasy Ariary to US Dollar with real-time exchange rates

1 MGA = ~0.000217 USD (rates vary)

Quick Insight

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

The MGA to USD pair is highly volatile. Mental math is unreliable—always check live rates.

Rates can move 5-10% in a week. Use live converters and rate alerts for accuracy.

⚠️ Always verify before transactions📊 Monitor rate trends🔔 Set rate alerts

Common MGA - USD 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

Tips & Recommendations

1Avoid airport exchange bureaus - markups can reach 10-15%
2Use ATMs with local bank cards for near mid-market rates
3Pay in local currency to avoid dynamic currency conversion (DCC)
4Notify your bank before travel to prevent card blocks

Frequently Asked Questions

The rate is shaped by Banky Foiben'i Madagasikara policy decisions, inflation trajectories, US monetary stance, trade balances, commodity prices (In particular vanilla and minerals), and global risk appetite. All interact to move demand for MGA and USD.

Economic Context

Trading Relationship

Madagascar and USD-based economies engage mainly through commodity exports like vanilla and jewelry. The MGA/USD rate affects export pricing and import costs, shaping how firms price contracts and how households budget across borders.

Key Rate Factors

•Banky Foiben'i Madagasikara monetary policy and inflation management
•Inflation differentials between Madagascar and the United States
•Trade balance and commodity price cycles (vanilla, cloves, nickel ore)
•Political stability and policy signals
•Global risk sentiment and USD liquidity

Central Banks

Banky Foiben'i Madagasikara

Antananarivo, Madagascar

Sets monetary policy, issues currency, and seeks price stability in Madagascar.

Federal Reserve System

Washington, D.C., United States

The US central bank; sets interest rates, manages money supply, and serves as lender of last resort.

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