1 MGA to EUR1 Malagasy Ariary = 0.0001998 Euro
🏳️ 1 Malagasy Ariary (MGA1) is worth 🇪🇺 0.0001998 Euro (€0.0001998) at the current exchange rate of 1 MGA = 0.0001998 EUR. Rates were last updated Sep 21, 2026, 10:00 PM UTC.
Over the last 30 days, the MGA to EUR rate rose 0.70% (high 0.0002008 on September 8, 2026, low 0.0001984 on August 24, 2026, average 0.0001996). Over the last 90 days, the MGA to EUR rate fell 4.33% (high 0.0002089 on June 25, 2026, low 0.0001984 on August 24, 2026, average 0.0002023).
Looking for the reverse? EUR to MGA
Currency converter
Convert 1 Malagasy Ariary to Euro
1 MGA = €0.0001998 EUR
1 EUR = MGA5,004.10 MGA
- 30-day change
- +0.70%
- 90-day high
- 0.0002089
- 90-day low
- 0.0001984
Last updated: Sep 21, 2026, 10:00 PM UTC
Convert Malagasy Ariary to Euro
| MGA | EUR |
|---|---|
| MGA1 MGA | €0.0001998 EUR |
| MGA5 MGA | €0.0009992 EUR |
| MGA10 MGA | €0.001998 EUR |
| MGA25 MGA | €0.004996 EUR |
| MGA50 MGA | €0.009992 EUR |
| MGA100 MGA | €0.01998 EUR |
| MGA500 MGA | €0.09992 EUR |
| MGA1,000 MGA | €0.1998 EUR |
| MGA5,000 MGA | €0.9992 EUR |
| MGA10,000 MGA | €1.9984 EUR |
Convert Euro to Malagasy Ariary
| EUR | MGA |
|---|---|
| €1 EUR | MGA5,004.10 MGA |
| €5 EUR | MGA25,020.48 MGA |
| €10 EUR | MGA50,040.96 MGA |
| €25 EUR | MGA125,102.40 MGA |
| €50 EUR | MGA250,204.80 MGA |
| €100 EUR | MGA500,409.60 MGA |
| €500 EUR | MGA2,502,047.98 MGA |
| €1,000 EUR | MGA5,004,095.97 MGA |
| €5,000 EUR | MGA25,020,479.85 MGA |
| €10,000 EUR | MGA50,040,959.70 MGA |
MGA to EUR exchange rate history
MGA to EUR – last 90 days
MGA to EUR – last 12 months
MGA to EUR exchange rate history
Over the last 90 days, the Malagasy Ariary traded between 0.0001984 and 0.0002089 Euro, averaging 0.0002023. The MGA/EUR rate is down 4.33% over that period.
Over the last 12 months, the highest MGA to EUR rate was 0.0002089 (June 25, 2026) and the lowest was 0.0001856 (December 24, 2025). The rate is up 4.02% year on year, meaning the Malagasy Ariary has gained value against the Euro.
| Date | 1 MGA in EUR | Change |
|---|---|---|
| September 20, 2026 | 0.0001992 | -0.06% |
| August 30, 2026 | 0.0001993 | -1.23% |
| July 31, 2026 | 0.0002018 | -2.47% |
| June 28, 2026 | 0.0002069 | +0.86% |
| May 23, 2026 | 0.0002052 | -0.12% |
| April 23, 2026 | 0.0002054 | -1.12% |
| March 24, 2026 | 0.0002077 | +5.93% |
| February 22, 2026 | 0.0001961 | +4.58% |
| January 23, 2026 | 0.0001875 | +1.04% |
| December 24, 2025 | 0.0001856 | -3.57% |
| November 24, 2025 | 0.0001924 | +0.95% |
| October 25, 2025 | 0.0001906 | -0.76% |
| September 25, 2025 | 0.0001921 | – |
Historical figures use daily reference rates: sampled every three days for the 90-day view and monthly for the 12-month view, plus today's live rate.
The Malagasy Ariary (MGA) is traded against the Euro and other world currencies. See the MGA page for its live rates against major currencies.
More about MGA →The Euro is the official currency of European Union (20 countries), issued under the oversight of the European Central Bank (ECB). It has been in use since 1999 (physical notes: 2002) and is divided into 100 Cent.
The Euro is the second most traded currency in the world and the second largest reserve currency. It represents the economic power of the Eurozone, which collectively has one of the largest GDPs globally.
More about EUR →How to convert Malagasy Ariary to Euro
- Enter the amount of MGA you want to convert in the “Amount” box.
- Check that MGA is selected as the source and EUR as the target (use the swap button to reverse them).
- See the EUR value update instantly, or press Convert to open a shareable page for that exact amount.
Frequently asked questions about MGA to EUR
How much is 1 Malagasy Ariary in Euro?
As of September 21, 2026, 1 Malagasy Ariary (MGA) = 0.0001998 Euro (EUR). The rate comes from the mid-market reference rate and is refreshed hourly.
How much is 100 Malagasy Ariary in Euro?
As of September 21, 2026, 100 MGA is equal to 0.01998 EUR, based on a rate of 0.0001998 EUR per MGA.
How much is 1 Euro in Malagasy Ariary?
As of September 21, 2026, 1 Euro (EUR) = 5,004.10 Malagasy Ariary (MGA).
What has the MGA to EUR exchange rate done recently?
Over the last 30 days the MGA/EUR rate changed by +0.70%, ranging from 0.0001984 to 0.0002008. Over the last 90 days it ranged from 0.0001984 to 0.0002089 and changed by -4.33%.
Which is stronger, the Malagasy Ariary or the Euro?
The Euro is currently worth more per unit than the Malagasy Ariary: 1 MGA = 0.0001998 EUR, and 1 EUR = 5,004.10 MGA. A higher number per unit does not by itself mean a stronger economy; it also reflects how each currency is denominated.
When is the best time to convert MGA to EUR?
Currencies trade 24 hours a day from Monday morning in Sydney to Friday evening in New York, and rates move by the minute while markets are open. Liquidity is usually highest around 1–4 PM GMT, when the London and New York sessions overlap. Watching the 90-day range above helps you judge whether today's rate is high or low compared with recent weeks.
Is this the rate I will get at a bank or exchange service?
No. The figures on this page are mid-market reference rates used for information. Banks, cash exchanges and money-transfer services add a margin or fee, so the amount you actually receive is usually a little lower than the converted amount shown here.