1 MGA to NZD1 Malagasy Ariary = 0.0004009 New Zealand Dollar
🏳️ 1 Malagasy Ariary (MGA1) is worth 🇳🇿 0.0004009 New Zealand Dollar (NZ$0.0004009) at the current exchange rate of 1 MGA = 0.0004009 NZD. Rates were last updated Sep 21, 2026, 10:00 PM UTC.
Over the last 30 days, the MGA to NZD rate rose 3.37% (high 0.0004009 on September 21, 2026, low 0.0003878 on August 24, 2026, average 0.000396). Over the last 90 days, the MGA to NZD rate fell 4.75% (high 0.0004208 on June 25, 2026, low 0.0003878 on August 24, 2026, average 0.0004003).
Looking for the reverse? NZD to MGA
Currency converter
Convert 1 Malagasy Ariary to New Zealand Dollar
1 MGA = NZ$0.0004009 NZD
1 NZD = MGA2,494.68 MGA
- 30-day change
- +3.37%
- 90-day high
- 0.0004208
- 90-day low
- 0.0003878
Last updated: Sep 21, 2026, 10:00 PM UTC
Convert Malagasy Ariary to New Zealand Dollar
| MGA | NZD |
|---|---|
| MGA1 MGA | NZ$0.0004009 NZD |
| MGA5 MGA | NZ$0.002004 NZD |
| MGA10 MGA | NZ$0.004009 NZD |
| MGA25 MGA | NZ$0.01002 NZD |
| MGA50 MGA | NZ$0.02004 NZD |
| MGA100 MGA | NZ$0.04009 NZD |
| MGA500 MGA | NZ$0.2004 NZD |
| MGA1,000 MGA | NZ$0.4009 NZD |
| MGA5,000 MGA | NZ$2.0043 NZD |
| MGA10,000 MGA | NZ$4.0085 NZD |
Convert New Zealand Dollar to Malagasy Ariary
| NZD | MGA |
|---|---|
| NZ$1 NZD | MGA2,494.68 MGA |
| NZ$5 NZD | MGA12,473.42 MGA |
| NZ$10 NZD | MGA24,946.84 MGA |
| NZ$25 NZD | MGA62,367.11 MGA |
| NZ$50 NZD | MGA124,734.22 MGA |
| NZ$100 NZD | MGA249,468.44 MGA |
| NZ$500 NZD | MGA1,247,342.20 MGA |
| NZ$1,000 NZD | MGA2,494,684.40 MGA |
| NZ$5,000 NZD | MGA12,473,422.00 MGA |
| NZ$10,000 NZD | MGA24,946,844.01 MGA |
MGA to NZD exchange rate history
MGA to NZD – last 90 days
MGA to NZD – last 12 months
MGA to NZD exchange rate history
Over the last 90 days, the Malagasy Ariary traded between 0.0003878 and 0.0004208 New Zealand Dollar, averaging 0.0004003. The MGA/NZD rate is down 4.75% over that period.
Over the last 12 months, the highest MGA to NZD rate was 0.0004208 (June 25, 2026) and the lowest was 0.0003723 (January 23, 2026). The rate is up 3.22% year on year, meaning the Malagasy Ariary has gained value against the New Zealand Dollar.
| Date | 1 MGA in NZD | Change |
|---|---|---|
| September 20, 2026 | 0.0004001 | +2.44% |
| August 30, 2026 | 0.0003905 | -1.32% |
| July 31, 2026 | 0.0003958 | -5.32% |
| June 28, 2026 | 0.000418 | +2.72% |
| May 23, 2026 | 0.000407 | -0.30% |
| April 23, 2026 | 0.0004082 | -0.98% |
| March 24, 2026 | 0.0004122 | +6.60% |
| February 22, 2026 | 0.0003867 | +3.86% |
| January 23, 2026 | 0.0003723 | -0.60% |
| December 24, 2025 | 0.0003746 | -5.20% |
| November 24, 2025 | 0.0003951 | +2.51% |
| October 25, 2025 | 0.0003855 | -0.74% |
| September 25, 2025 | 0.0003883 | – |
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 New Zealand Dollar and other world currencies. See the MGA page for its live rates against major currencies.
More about MGA →The New Zealand Dollar is the official currency of New Zealand, issued under the oversight of the Reserve Bank of New Zealand. It has been in use since 1967 and is divided into 100 Cent.
The NZD is among the top 10 most traded currencies. New Zealand's dairy and agricultural exports make the currency sensitive to commodity prices, particularly dairy.
More about NZD →How to convert Malagasy Ariary to New Zealand Dollar
- Enter the amount of MGA you want to convert in the “Amount” box.
- Check that MGA is selected as the source and NZD as the target (use the swap button to reverse them).
- See the NZD value update instantly, or press Convert to open a shareable page for that exact amount.
Frequently asked questions about MGA to NZD
How much is 1 Malagasy Ariary in New Zealand Dollar?
As of September 21, 2026, 1 Malagasy Ariary (MGA) = 0.0004009 New Zealand Dollar (NZD). The rate comes from the mid-market reference rate and is refreshed hourly.
How much is 100 Malagasy Ariary in New Zealand Dollar?
As of September 21, 2026, 100 MGA is equal to 0.04009 NZD, based on a rate of 0.0004009 NZD per MGA.
How much is 1 New Zealand Dollar in Malagasy Ariary?
As of September 21, 2026, 1 New Zealand Dollar (NZD) = 2,494.68 Malagasy Ariary (MGA).
What has the MGA to NZD exchange rate done recently?
Over the last 30 days the MGA/NZD rate changed by +3.37%, ranging from 0.0003878 to 0.0004009. Over the last 90 days it ranged from 0.0003878 to 0.0004208 and changed by -4.75%.
Which is stronger, the Malagasy Ariary or the New Zealand Dollar?
The New Zealand Dollar is currently worth more per unit than the Malagasy Ariary: 1 MGA = 0.0004009 NZD, and 1 NZD = 2,494.68 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 NZD?
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.