What is the Malagasy Ariayry worth against the Ghanaian Cedi today?

1 MGA is worth 0.003 GHS today

How much is 2,000 MGA worth in GHS?

At the current exchange rate of 0.003 , a sum of 2,000 Malagasy Ariayry is worth 6 Ghanaian Cedi.

Which currency is stronger? MGA or GHS?

The Ghanaian Cedi is currently stronger than the Malagasy Ariayry given that 1 GHS is equal to 333.3333 MGA. Conversely, 1 MGA is worth 0.003 GHS.

Overview of MGA to GHS Performance and Trends

Today, to buy 2,000 Malagasy Ariayry, you need 6 Ghanaian Cedi. On the same date last year, you needed 5 Ghanaian Cedi for 2,000 Malagasy Ariayry. This change indicates that the Malagasy Ariayry has become stronger against the Ghanaian Cedi by 20% over the past year.

The pair experienced high volatility of 30.43%.

High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.

MGA to GHS Currency Performance and Volatility

Last 7 Days

• Performance: Ar2,000 varied between GH₵0.0029 (weekly low) and GH₵0.003 (weekly high), a variance of GH₵0.0001 .
• Volatility: Fluctuated by 3.45%.

Last 30 Days

• Performance: Ar2,000 varied between GH₵0.0028 (30-day low) to GH₵0.003 (30-day high), a variance of GH₵0.0002 .
• Volatility: Fluctuated by 7.14%.

Last 90 Days

• Performance: Ar2,000 varied between GH₵0.0026 (90-day low) to GH₵0.003 (90-day high), a variance of GH₵0.0004 .
• Volatility: Fluctuated by 15.38%.

Last Year

• Performance: Ar2,000 ranged from GH₵0.0023 (yearly low) to GH₵0.003 (yearly high), a variance of GH₵0.0007 .
• Volatility: Fluctuated by 30.43%.

MGA to GHS Forecast and trending

Is the Malagasy Ariayry going up or down against the Ghanaian Cedi?

Today's MGA to GHS exchange rate (0.003) is higher compared to yesterday's rate (0.0029).

Understanding MGA to GHS Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Malagasy Ariayry to Ghanaian Cedi, to send a payment, for a trip overseas, when shopping online or to hold a balance in Ghanaian Cedi.

How to convert MGA to GHS?

You can convert Malagasy Ariayry to Ghanaian Cedi either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Ghanaian Cedi in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

• Choose an exchange service that suits your needs
• Head there with the money in Malagasy Ariayry cash to exchange
• Get a quote for the exchange rate and any commission or fee you need to pay
• Hand over your money and receive your Ghanaian Cedi in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

• Choose an international payment service that suits your needs and head to their desktop site, or download their app
• Tap Send Payment
• Enter the amount in Malagasy Ariayry you want to send, or the amount in Ghanaian Cedi you want your recipient to get in the end
• You'll be shown a quote for the exchange rate and any commission or fee you need to pay
• Choose your preferred payment method, and follow the prompts to pay
• Your money will be deposited to your recipient's bank account directly, in Ghanaian Cedi

How to get the best MGA to GHS exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best MGA to GHS exchange rate for your specific transaction.

Get to know the MGA/GHS mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the MGA/GHS mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Malagasy Ariayry and Ghanaian Cedi. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy Malagasy Ariayry with Ghanaian Cedi?

You'll be able to exchange Ghanaian Cedi to Malagasy Ariayry in the same way as you'd exchange Malagasy Ariayry to Ghanaian Cedi. If you have Ghanaian Cedi in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Ghanaian Cedi. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold Malagasy Ariayry in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange MGA to GHS?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.