What is the Malagasy Ariayry worth against the Mexican Peso today?

1 MGA is worth 0.0039 MXN today

How much is 5 MGA worth in MXN?

At the current exchange rate of 0.0039 , a sum of 5 Malagasy Ariayry is worth 0.0195 Mexican Peso.

Which currency is stronger? MGA or MXN?

The Mexican Peso is currently stronger than the Malagasy Ariayry given that 1 MXN is equal to 256.4103 MGA. Conversely, 1 MGA is worth 0.0039 MXN.

Overview of MGA to MXN Performance and Trends

Today, to buy 5 Malagasy Ariayry, you need 0.0195 Mexican Peso. On the same date last year, you needed 0.02 Mexican Peso for 5 Malagasy Ariayry. This change indicates that the Malagasy Ariayry has lost value against the Mexican Peso by 4.88% over the past year.

The pair experienced high volatility of 10.81%.

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 MXN Currency Performance and Volatility

Last 7 Days

• Performance: Ar5 varied between $0.0037 (weekly low) and $0.0039 (weekly high), a variance of $0.0002 .
• Volatility: Fluctuated by 5.41%.

Last 30 Days

• Performance: Ar5 varied between $0.0037 (30-day low) to $0.0039 (30-day high), a variance of $0.0002 .
• Volatility: Fluctuated by 5.41%.

Last 90 Days

• Performance: Ar5 varied between $0.0037 (90-day low) to $0.0039 (90-day high), a variance of $0.0002 .
• Volatility: Fluctuated by 5.41%.

Last Year

• Performance: Ar5 ranged from $0.0037 (yearly low) to $0.0041 (yearly high), a variance of $0.0004 .
• Volatility: Fluctuated by 10.81%.

MGA to MXN Forecast and trending

Is the Malagasy Ariayry going up or down against the Mexican Peso?

Today's MGA to MXN exchange rate (0.0039) is smaller compared to yesterday's rate (0.0039).

Understanding MGA to MXN 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 Mexican Peso, to send a payment, for a trip overseas, when shopping online or to hold a balance in Mexican Peso.

How to convert MGA to MXN?

You can convert Malagasy Ariayry to Mexican Peso 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 Mexican Peso 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 Mexican Peso 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 Mexican Peso 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 Mexican Peso

How to get the best MGA to MXN 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 MXN exchange rate for your specific transaction.

Get to know the MGA/MXN 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/MXN 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 Mexican Peso. 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 Mexican Peso?

You'll be able to exchange Mexican Peso to Malagasy Ariayry in the same way as you'd exchange Malagasy Ariayry to Mexican Peso. If you have Mexican Peso 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 Mexican Peso. 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 MXN?

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.