Current BRL-MGA mid-market exchange rate

Find the cheapest provider for your next BRL-MGA transfer

Today's BRL-MGA commentary

The exchange rate between the Brazilian real and the Malagasy ariary is as we're writting close to its maximal value of the past 2-week period. The highest level recorded during this timeframe was BRL 1 = MGA 996.3782 (the current rate of BRL 1 = MGA 995.4115 is only 0.1% less than that), today at 1:00 AM. This high value of the BRL-MGA exchange rate is in strong contrast with the recent much lower level (BRL 1 = MGA 954.6519) observed on November 15, when sending 4,000 BRL converted into only 3,818,607.7 MGA (the same transfer gives you 3,981,645.99 MGA with the current rate).

BRL Profile

Name: Brazilian real

Symbol: R$

Minor Unit: 1/100 Centavo

Central Bank: Banco Central Do Brasil

Country(ies): Brazil

Rank in the most traded currencies: #19

MGA Profile

Name: Malagasy ariary

Symbol: Ar

Minor Unit: 1/10 Iraimbilanja

Central Bank: Banque Centrale de Madagascar

Country(ies): Madagascar

Find the best provider for your next transfer

The cost of sending money depends on the amount of money sent, the countries you're sending between, and the type of transfer. Make sure to compare before each of your transfers as costs also vary through time.

Read reviews on money transfer companies

Get independent information about money transfer companies, read customer reviews, step-by-step guides, security information, and frequently asked questions.

Proudly made in Switzerland

Global Impact Finance Ltd
Avenue d’Ouchy 4
1006 Lausanne

Mobile Analytics