About the RON to MGA exchange rate

Today's RON-MGA Commentary

The actual RON-MGA mid-market exchange rate is at the moment close to its minimal level of the last 14 days. Its lowest value observed during this timeframe was RON 1 = MGA 839.5224 (the current rate of RON 1 = MGA 840.3783 is only 0.1% more than that), today at 3:57 PM. The strong difference between the current low level of the RON-MGA rate and the maximal level (RON 1 = MGA 875.2446) observed during the past two weeks means that sending 3,500 Romanian lei today gives you roughly 122,032 MGA less than if you had transferred money at the best moment of the past two weeks, on June 28.

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