Current ZAR-MGA mid-market exchange rate

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Today's ZAR-MGA commentary

The current ZAR-MGA exchange rate is now quite close to its maximal value of the past 2-week period. The strongest value we saw during this period was ZAR 1 = MGA 265.8643, attained today at 9:00 AM. The actual high value of the ZAR-MGA exchange rate is in stark contrast with the recent much lower level (ZAR 1 = MGA 255.7548) observed on January 3, when sending 4,000 ZAR only gave you 1,023,019.32 MGA (the same transfer converts to 1,061,744.87 MGA at the moment).

ZAR Profile

Name: South African rand

Symbol: R

Minor Unit: 1/100 Cent

Central Bank: South African Reserve Bank

Country(ies): Lesotho, Namibia, South Africa

Rank in the most traded currencies: #20

MGA Profile

Name: Malagasy ariary

Symbol: Ar

Minor Unit: 1/10 Iraimbilanja

Central Bank: Banque Centrale de Madagascar

Country(ies): Madagascar