1 MGA to ZAR1 Malagasy Ariary = 0.003724 South African Rand
🏳️ 1 Malagasy Ariary (MGA1) is worth 🇿🇦 0.003724 South African Rand (R0.003724) at the current exchange rate of 1 MGA = 0.003724 ZAR. Rates were last updated Sep 21, 2026, 08:00 PM UTC.
Over the last 30 days, the MGA to ZAR rate rose 0.37% (high 0.00376 on September 11, 2026, low 0.003703 on August 27, 2026, average 0.003728). Over the last 90 days, the MGA to ZAR rate fell 5.25% (high 0.003931 on June 25, 2026, low 0.003703 on August 27, 2026, average 0.003794).
Looking for the reverse? ZAR to MGA
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Convert 1 Malagasy Ariary to South African Rand
1 MGA = R0.003724 ZAR
1 ZAR = MGA268.5219 MGA
- 30-day change
- +0.37%
- 90-day high
- 0.003931
- 90-day low
- 0.003703
Last updated: Sep 21, 2026, 08:00 PM UTC
Convert Malagasy Ariary to South African Rand
| MGA | ZAR |
|---|---|
| MGA1 MGA | R0.003724 ZAR |
| MGA5 MGA | R0.01862 ZAR |
| MGA10 MGA | R0.03724 ZAR |
| MGA25 MGA | R0.0931 ZAR |
| MGA50 MGA | R0.1862 ZAR |
| MGA100 MGA | R0.3724 ZAR |
| MGA500 MGA | R1.862 ZAR |
| MGA1,000 MGA | R3.7241 ZAR |
| MGA5,000 MGA | R18.6205 ZAR |
| MGA10,000 MGA | R37.2409 ZAR |
Convert South African Rand to Malagasy Ariary
| ZAR | MGA |
|---|---|
| R1 ZAR | MGA268.5219 MGA |
| R5 ZAR | MGA1,342.61 MGA |
| R10 ZAR | MGA2,685.22 MGA |
| R25 ZAR | MGA6,713.05 MGA |
| R50 ZAR | MGA13,426.09 MGA |
| R100 ZAR | MGA26,852.19 MGA |
| R500 ZAR | MGA134,260.93 MGA |
| R1,000 ZAR | MGA268,521.86 MGA |
| R5,000 ZAR | MGA1,342,609.31 MGA |
| R10,000 ZAR | MGA2,685,218.62 MGA |
MGA to ZAR exchange rate history
MGA to ZAR – last 90 days
MGA to ZAR – last 12 months
MGA to ZAR exchange rate history
Over the last 90 days, the Malagasy Ariary traded between 0.003703 and 0.003931 South African Rand, averaging 0.003794. The MGA/ZAR rate is down 5.25% over that period.
Over the last 12 months, the highest MGA to ZAR rate was 0.004077 (March 24, 2026) and the lowest was 0.003549 (January 23, 2026). The rate is down 4.71% year on year, meaning the Malagasy Ariary has lost value against the South African Rand.
| Date | 1 MGA in ZAR | Change |
|---|---|---|
| September 20, 2026 | 0.003724 | -0.24% |
| August 30, 2026 | 0.003733 | -2.68% |
| July 31, 2026 | 0.003836 | -1.20% |
| June 28, 2026 | 0.003882 | -0.89% |
| May 23, 2026 | 0.003917 | -1.41% |
| April 23, 2026 | 0.003973 | -2.55% |
| March 24, 2026 | 0.004077 | +10.07% |
| February 22, 2026 | 0.003704 | +4.38% |
| January 23, 2026 | 0.003549 | -2.85% |
| December 24, 2025 | 0.003653 | -5.21% |
| November 24, 2025 | 0.003854 | +0.31% |
| October 25, 2025 | 0.003842 | -1.69% |
| September 25, 2025 | 0.003908 | – |
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 South African Rand and other world currencies. See the MGA page for its live rates against major currencies.
More about MGA →The South African Rand is the official currency of South Africa, issued under the oversight of the South African Reserve Bank. It has been in use since 1961 and is divided into 100 Cent.
South Africa has the most developed economy in Africa, and the rand is the most traded African currency. It's often used as a proxy for emerging market sentiment.
More about ZAR →How to convert Malagasy Ariary to South African Rand
- Enter the amount of MGA you want to convert in the “Amount” box.
- Check that MGA is selected as the source and ZAR as the target (use the swap button to reverse them).
- See the ZAR value update instantly, or press Convert to open a shareable page for that exact amount.
Frequently asked questions about MGA to ZAR
How much is 1 Malagasy Ariary in South African Rand?
As of September 21, 2026, 1 Malagasy Ariary (MGA) = 0.003724 South African Rand (ZAR). The rate comes from the mid-market reference rate and is refreshed hourly.
How much is 100 Malagasy Ariary in South African Rand?
As of September 21, 2026, 100 MGA is equal to 0.3724 ZAR, based on a rate of 0.003724 ZAR per MGA.
How much is 1 South African Rand in Malagasy Ariary?
As of September 21, 2026, 1 South African Rand (ZAR) = 268.5219 Malagasy Ariary (MGA).
What has the MGA to ZAR exchange rate done recently?
Over the last 30 days the MGA/ZAR rate changed by +0.37%, ranging from 0.003703 to 0.00376. Over the last 90 days it ranged from 0.003703 to 0.003931 and changed by -5.25%.
Which is stronger, the Malagasy Ariary or the South African Rand?
The South African Rand is currently worth more per unit than the Malagasy Ariary: 1 MGA = 0.003724 ZAR, and 1 ZAR = 268.5219 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 ZAR?
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.