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Malagasy Ariary to Euro — exchange rate

You will find a currency converter from the MGA to the EUR on this page. It is possible to convert any amount from Malagasy Ariary to Euro (Ar to €) using Myfin currency converter at the live rates of 03:07 PM 05-18-2026.

Amount
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MGAMalagasy Ariary
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To
EUREuro
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1 MGA = 0.00020545 EUR

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Information updates: Monday, 05-18-2026 03:07 PM ET
EUR MGA

To calculate the values for foreign currency conversions, we use the market exchange rates of 159 currencies of the world.

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MGAMalagasy Ariary

Country of Circulation: Madagascar

Currency Code, Symbol: MGA, Ar

Denominations of coins in circulation: 1, 2 iraimbilanja; 1, 2, 4, 5, 10, 20, 50 Ar

Denominations of banknotes in circulation: 100, 200, 500, 1000, 2000, 5000, 10,000, 20,000 Ar

History: The Malagasy ariary (Ar.) is the currency of Madagascar, but is also used for payment on the territory of Mauritania. On the international currency market, it is simplified to MGA.The ariary is exchanged into iriambilanja. One MGA equals 5 iriambilanja. The Malagasy ariary has been issued since 2005. The currency has officially replaced the Malagasy franc. At the moment, the notes that were issued after 2003 are mostly in circulation. Old series are being gradually taken out of circulation and replaced by the new one.Read More

EUREuro

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Convert Malagasy Ariary to Euro

Malagasy AriaryEuro
1 MGA 0.000205 EUR
10 MGA 0.002054 EUR
100 MGA 0.020545 EUR
200 MGA 0.041089 EUR
300 MGA 0.061634 EUR
400 MGA 0.082178 EUR
500 MGA 0.102723 EUR
1,000 MGA 0.205446 EUR
5,000 MGA 1.027228 EUR
10,000 MGA 2.054456 EUR
100,000 MGA 20.544565 EUR
1,000,000 MGA 205.446 EUR
EuroMalagasy Ariary
1 EUR 4,867.47 MGA
10 EUR 48,674.67 MGA
100 EUR 486,746.75 MGA
200 EUR 973,493.5 MGA
300 EUR 1,460,240.25 MGA
400 EUR 1,946,986.99 MGA
500 EUR 2,433,733.74 MGA
1,000 EUR 4,867,467.49 MGA
5,000 EUR 24,337,337.43 MGA
10,000 EUR 48,674,674.85 MGA
100,000 EUR 486,746,748.51 MGA
1,000,000 EUR 4,867,467,485.08 MGA

Historical data of the 1 Malagasy Ariary to the Euro exchange rate

In the table you can find 1 Ariary to Euro exchange rate for the last week.

DateMGAEURChange
Monday 05-18-2026 1 MGA 0.00020545 EUR 0.0000008544
Sunday 05-17-2026 1 MGA 0.0002063 EUR -
Saturday 05-16-2026 1 MGA 0.0002063 EUR 0.0000006094
Friday 05-15-2026 1 MGA 0.00020569 EUR 0.0000017164
Thursday 05-14-2026 1 MGA 0.00020397 EUR 0.0000005072
Wednesday 05-13-2026 1 MGA 0.00020448 EUR 0.0000005933
Tuesday 05-12-2026 1 MGA 0.00020389 EUR -

1 MGA to EUR chart

Contains historical rates for 1 Ariary against Euro for all the time.

1 Malagasy Ariary to Euro stats

Last 30 DaysLast 5 Years
High0.00020430.00021977
Low0.00020430.00021977
Average0.00020430.00021977

Other popular conversion pairs

MGA USD MGA GBP MGA CAD

FAQ

  • MGA/EUR – Malagasy Ariary to Euro conversion

    Our MGA/EUR currency converter allows instant conversion by live rates. Current value of 1 MGA equals 0.00020545 EUR.

  • Malagasy Ariary to Euro conversion

    We use quotation information as of 05-18-2026 03:07 PM ET to calculate the conversion rate of two currencies. Specified values are considered average but can match the rates of specific financial organizations. To get a result, you only need to:
    • indicate an amount of money to convert in the window with Malagasy Ariarys;
    • wait for automatic MGA to EUR conversion.
    With the help of this tool, you can convert any amount of Malagasy Ariarys into Euros in a few seconds.

  • How has the dynamic of MGA to EUR rate changed in the last week

    Here you can also find a chart with the Malagasy Ariary rate fluctuations since 2015. In the last week, the pound to dollar conversion rate has changed by 0 EUR or +0.7581%.

  • The dynamic of MGA to EUR rate over the last month

    The monthly data of MGA to EUR conversion rate dynamic helps to understand market trends better. MGA has moved by +0.5597% or 0 EUR.