Current NOK-MGA mid-market exchange rate

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290.77 NOK

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Today's NOK-MGA commentary

The interbank rate between the Norwegian krone and the Malagasy ariary is now quite close to its highest level of the last 14 days. The highest level recorded during this timeframe was NOK 1 = MGA 414.396 (it is now only 0.39% less than that), attained today at 2:00 AM. This current high value of the Norwegian krone-Malagasy ariary is in stark contrast with the recent much lower level (NOK 1 = MGA 396.048) observed on January 8, when a transfer of 4,000 NOK for example converted into only 1,584,191.91 MGA (the same amount gives you 1,651,038.93 MGA with the current rate, which makes a difference of 66,847.01 MGA).


NOK Profile

Name: Norwegian krone

Symbol: kr

Minor Unit: 1/100 øre

Central Bank: Norges Bank

Country(ies): Norway

Rank in the most traded currencies: #14

MGA Profile

Name: Malagasy ariary

Symbol: Ar

Minor Unit: 1/10 Iraimbilanja

Central Bank: Banque Centrale de Madagascar

Country(ies): Madagascar