Current SGD-MGA mid-market exchange rate

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Today's SGD-MGA commentary

The rate between the Singapore dollar and the Malagasy ariary is as we're writting quite close to its highest level of the last 14 days. The maximal level during the last two weeks was SGD 1 = MGA 2,463.7208, reached yesterday at 10:00 AM. This high value of the SGD-MGA exchange rate is in stark contrast with the recent much lower level (SGD 1 = MGA 2,402.0875) observed on January 8, when exchanging 4,000 SGD only gave you 9,608,349.98 MGA (the exact same transfer gives you 9,826,837.41 MGA now - 218,487.42 MGA more).

SGD Profile

Name: Singapore dollar

Symbol: $

Minor Unit: 1/100 Cent

Central Bank: Monetary Authority of Singapore

Country(ies): Singapore

Rank in the most traded currencies: #12

MGA Profile

Name: Malagasy ariary

Symbol: Ar

Minor Unit: 1/10 Iraimbilanja

Central Bank: Banque Centrale de Madagascar

Country(ies): Madagascar