About the MGA to USD exchange rate

Today's MGA-USD Commentary

Analyzing the highs and lows of the MGA-USD exchange rate, we can see a significative difference (1.07%) between the highest value of MGA 1 = USD 0.0002 we saw on June 17 and the minimum value of MGA 1 = USD 0.0002 attained on June 22. It is interesting to note that despite these variations, the actual MGA-USD mid-market rate is in fact near to its average value of the last 14 days. Converting MGA 1,500 at the actual interbank exchange rate gets you USD 0, it would have converted into as much as USD 0 on June 17 and only USD 0 on June 22.

Key facts about MGA and USD

• About the Malagasy ariary

  Name:

  Malagasy ariary

  Symbol:

  Ar

  Minor unit:

  1/10 Iraimbilanja

  Central Bank:

  Banque Centrale de Madagascar

  Country:

  Madagascar

• About the US dollar

  Name:

  US dollar

  Symbol:

  $

  Minor unit:

  1/100 Cent

  Central Bank:

  Federal Reserve Bank

  Countries:

  United States, American Samoa

  Rank in the most traded currencies:

  #1

Malagasy ariarys (MGA) and US dollars (USD) exchange rates with other main currencies