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The actual EUR-MGA interbank rate is at the moment near its highest value of the past 14 days. Its maximal level during this timeframe was EUR 1 = MGA 3,982.6583 (only 0.47% higher than its actual value of EUR 1 = MGA 3,964.0759), reached. This actual high value of the EUR-MGA differs considerably from the much lower value (EUR 1 = MGA 3,848.8145) recorded , when a transfer of 4,000 EUR for example converted into only 15,395,258.09 MGA (the same transfer is equal to 15,856,303.69 MGA now, a difference of 461,045.59 MGA).
Minor Unit: 1/100 Cent
Central Bank: European Central Bank
Rank in the most traded currencies: #2
Name: Malagasy ariary
Minor Unit: 1/10 Iraimbilanja
Central Bank: Banque Centrale de Madagascar