About the RON to MGA exchange rate

Today's RON-MGA Commentary

Looking at the recent evolution of the RON-MGA rate, we see very significatives fluctuations. It is interesting to note that in spite of these variations, the actual RON-MGA rate is as we're writting in the vicinity of its average level of the past 14 days. Transferring RON 1,500 at today's interbank exchange rate gives you MGA 1,281,206, while it was equal to as much as MGA 1,301,059 last Thursday and MGA 1,258,461 on May 12.

Key facts about RON and MGA

• About the Romanian leu

  Name:

  Romanian leu

  Symbol:

  lei

  Minor unit:

  1/100 Bani

  Central Bank:

  National Bank of Romania

  Country:

  Romania

• About the Malagasy ariary

  Name:

  Malagasy ariary

  Symbol:

  Ar

  Minor unit:

  1/10 Iraimbilanja

  Central Bank:

  Banque Centrale de Madagascar

  Country:

  Madagascar

Romanian lei (RON) and Malagasy ariarys (MGA) exchange rates with other main currencies