What is the Currency Rate in Madagascar Today

The Malagasy ariary is the official currency of Madagascar. It's subdivided into 5 sub-units, known as iraimbilanja.

You can exchange your money for Malagasy ariary at a bank or currency exchange office. These places usually have the best rates, but you can also try exchanging money at a local market or with a street vendor.

The exchange rate between the Malagasy ariary and other currencies can fluctuate frequently. This means that the value of your money can change quickly, so it's essential to check the current rate before making any transactions.

The Malagasy ariary is the official currency of Madagascar, and it's used by the entire country. The ariary trades against all other official currencies worldwide, giving us exchange rates.

You can follow the live exchange rate to the ariary with tools like Monito's currency pages, which also allow you to see which providers offer the best deals and set up smart email alerts to follow fluctuations.

The exchange rate can fluctuate over time due to various economic, political, and market factors. A higher exchange rate means that the value of one currency has increased compared to another, while a lower exchange rate means the opposite.

To give you an idea of the current exchange rate, as of Monday, 27 Jan 2025, the U.S. Dollar equals 4,682.9000 Malagasy ariary.

If you're planning to travel to Madagascar or send money to someone there, you'll want to know the current exchange rate for the ariary. Here are some key exchange rates to keep in mind:

To convert Malagasy ariaries to US dollars, simply type in the box how much you want to convert, select MGA in the first dropdown and USD in the second drop down, and our currency converter will show you the current MGA to USD rate and how it's changed over the past day, week or month.

The Malagasy currency, also known as the ariary, is one of around 180 currencies worldwide, giving it a unique place in the global economy. It's used as the official currency of Madagascar and can be exchanged for other currencies.

The ariary trades against all other official currencies around the globe, resulting in exchange rates that can fluctuate over time due to various economic, political, and market factors. This means that the value of the ariary can increase or decrease compared to other currencies.

The ariary has several key characteristics, including its ISO code (MGA), symbol (Ar), and subunit (iraimbilanja). It's also available in various denominations, including coins and banknotes.

You can easily convert Malagasy ariaries to other currencies, such as US dollars, using a currency converter. Simply type in the amount you want to convert, select the ariary as the currency you want to convert from, and choose the currency you want to convert to.

Here are some of the top currency pairings for the Malagasy ariary:

The Malagasy ariary is the official currency of Madagascar and can be used to buy goods and services, as well as to send money to the country.

To convert Malagasy ariaries to US dollars, you can use a currency converter online.

You can simply type in the box how much you want to convert, and click on the dropdown to select MGA in the first dropdown as the currency that you want to convert and USD in the second dropdown as the currency you want to convert to.

Our currency converter will show you the current MGA to USD rate and how it’s changed over the past day, week or month.

Here's a quick reference table to give you an idea of the conversion rates:

In Madagascar, you can use various payment methods, including credit cards, debit cards, cash, mobile payments, and prepaid travel cards.

Credit cards from VISA and Mastercard are widely accepted, especially in touristy areas. Debit cards linked to your bank account can also be used for purchases and cash withdrawals.

Having some local currency, ariary banknotes, can be helpful for small purchases, tipping, and emergencies. You can exchange currency at a bank or exchange bureau before or upon arrival.

Prepaid travel cards, like Revolut, are an excellent option because they often incur lower fees on ariary currency exchange than credit cards or bank debit cards do. They also offer multi-currency balances and the same level of security and convenience as credit or debit cards.

Here are some popular prepaid travel cards:

If you live in a country not listed, you can check with your bank or a global provider to see if they offer similar products.

Traveling to a foreign country can be a daunting experience, especially when it comes to managing your finances. Credit cards from VISA and Mastercard are widely accepted in Madagascar, making them a convenient option for tourists.

In addition to credit cards, debit cards linked to your bank account can also be used for purchases and cash withdrawals. However, be aware that you may incur fees on ariary currency exchange.

Having some local currency, ariary banknotes, can be helpful for small purchases, tipping, and emergencies. You can exchange currency at a bank or exchange bureau before or upon arrival.

Mobile payment services like Apple Pay, Google Pay, or Alipay are increasingly popular, but availability in Madagascar may vary. It's essential to check beforehand how available these methods are in the country.

Using a prepaid travel card is often the best way to pay in Madagascar, as they usually incur lower fees on ariary currency exchange compared to credit cards or bank debit cards. These cards also offer the added benefit of multi-currency balances, allowing you to dodge sneaky fees.

Here are some prepaid travel card options to consider:

Remember to check the availability and fees associated with each option before making a decision.

Sending money abroad can be a hassle, especially when it comes to high fees and exchange rates. Many people send money to countries like Madagascar, where the fees can be as high as 10% of the transfer amount.

If you're looking to send money to Madagascar, be aware that international money transfers can be expensive. You can find alternative providers that offer better exchange rates, but the cheapest option depends on various factors like your location and payment method.

Using a live comparison tool like Monito can help you find the cheapest provider in real time, making the process much easier.