Current SEK-MGA mid-market exchange rate

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Today's SEK-MGA commentary

The interbank rate between the Swedish krona and the Malagasy ariary is currently near its maximal value of the last two weeks. The strongest value during this timeframe was SEK 1 = MGA 406.6923, reached last Wednesday. The high level of the Swedish krona-Malagasy ariary rate differs considerably from the much lower level (SEK 1 = MGA 391.1922) observed on January 8, when a transfer of 4,000 SEK for example converted into only 1,564,768.74 MGA (the exact same transfer converts to 1,617,400.04 MGA with the current rate).


SEK Profile

Name: Swedish krona

Symbol: kr

Minor Unit: 1/100 ören (discontinued)

Central Bank: Sveriges Riksbank

Country(ies): Sweden

Rank in the most traded currencies: #9

MGA Profile

Name: Malagasy ariary

Symbol: Ar

Minor Unit: 1/10 Iraimbilanja

Central Bank: Banque Centrale de Madagascar

Country(ies): Madagascar