Current BRL-MGA mid-market exchange rate

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Today's BRL-MGA commentary

The BRL-MGA mid-market exchange rate is as we're writting quite close to its maximal level of the past 2-week period. The highest value observed during this timeframe was BRL 1 = MGA 1,018.0426 (0.17% more than its current value of BRL 1 = MGA 1,016.321), on January 15. The actual high level of the BRL-MGA exchange rate is in stark contrast with the recent much lower level (BRL 1 = MGA 990.1264) recorded on January 8, when a transfer of 4,000 BRL for example converted into only 3,960,505.8 MGA (the exact same transfer converts to 4,065,284 MGA at the moment, a difference of 104,778.2 MGA).


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