1 MGA = 0.00038 NZD
1 NZD = 2,631.57895 MGA
(Mid-market exchange rate)
Last updated Mar 28, 2024 17:02 GMT
Below is the live and historical Malagasy Ariayry to New Zealand Dollar rate chart so you can see today's rate - and how the rates have changed over time.
1 MGA = 0.00038 NZD
Stat | Last 7 days | Last 30 days | Last 90 days | Last year | Selected period on chart |
---|---|---|---|---|---|
High | 0.00038 | 0.00038 | 0.00038 | 0.00038 | 0.00038 |
Low | 0.00037 | 0.00036 | 0.00035 | 0.00035 | 0.00036 |
Average | 0.00037 | 0.00036 | 0.00036 | 0.00036 | 0.00037 |
Volatility | 2.7% | 5.56% | 8.57% | 8.57% | 5.56% |
1 MGA is worth 0.00038 NZD today
At the current exchange rate of 0.00038 , a sum of 5 Malagasy Ariayry is worth 0.0019 New Zealand Dollar.
The New Zealand Dollar is currently stronger than the Malagasy Ariayry given that 1 NZD is equal to 2,631.57895 MGA. Conversely, 1 MGA is worth 0.00038 NZD.
Today, to buy 5 Malagasy Ariayry, you need 0.0019 New Zealand Dollar. On the same date last year, you needed 0 New Zealand Dollar for 5 Malagasy Ariayry. This change indicates that the Malagasy Ariayry has become stronger against the New Zealand Dollar by 2.7% over the past year.
The pair experienced moderate volatility of 8.57%.
Moderate volatility means there is a moderate risk of price changes. It represents a balance of potential gains and risks.
Today's MGA to NZD exchange rate (0.00038) is smaller compared to yesterday's rate (0.00038).
1 MGA | 0.00038 NZD |
5 MGA | 0.00190 NZD |
10 MGA | 0.00380 NZD |
20 MGA | 0.00760 NZD |
25 MGA | 0.00950 NZD |
50 MGA | 0.01900 NZD |
100 MGA | 0.03800 NZD |
250 MGA | 0.09500 NZD |
500 MGA | 0.19000 NZD |
1,000 MGA | 0.38000 NZD |
2,000 MGA | 0.76000 NZD |
5,000 MGA | 1.90000 NZD |
10,000 MGA | 3.80000 NZD |
1 NZD | 2,631.57895 MGA |
5 NZD | 13,157.89474 MGA |
10 NZD | 26,315.78947 MGA |
20 NZD | 52,631.57895 MGA |
25 NZD | 65,789.47368 MGA |
50 NZD | 131,578.94737 MGA |
100 NZD | 263,157.89474 MGA |
250 NZD | 657,894.73684 MGA |
500 NZD | 1,315,789.47368 MGA |
1,000 NZD | 2,631,578.94737 MGA |
2,000 NZD | 5,263,157.89474 MGA |
5,000 NZD | 13,157,894.73684 MGA |
10,000 NZD | 26,315,789.47368 MGA |
The currency code for Malagasy Ariayry is MGA.
The MGA currency symbol is Ar.
Minor unit: 1/5 = Iraimbilanja
MGA rank by most traded currencies: Not in top 40 traded currencies
Avg proportion of daily world trade volume: 0% (Low daily trade currency)
MGA rank by strongest currencies (buying power): 138
The Malagasy Ariayry is the currency of 1 countries:
Madagascar
The currency code for New Zealand Dollar is NZD.
The NZD currency symbol is $.
Minor unit: 1/100 = Cent
NZD rank by most traded currencies: 14
Avg proportion of daily world trade volume: 0.85%
NZD rank by strongest currencies (buying power): 16
The New Zealand Dollar is the currency of 6 countries:
New Zealand, Cook Islands, Niue, Pitcairn Islands, Ross Dependency, Tokelau
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 New Zealand Dollar, to send a payment, for a trip overseas, when shopping online or to hold a balance in New Zealand Dollar.
You can convert Malagasy Ariayry to New Zealand Dollar 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 New Zealand Dollar 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:
Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:
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 NZD exchange rate for your specific transaction.
Get to know the MGA/NZD 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/NZD 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 New Zealand Dollar. 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.
You'll be able to exchange New Zealand Dollar to Malagasy Ariayry in the same way as you'd exchange Malagasy Ariayry to New Zealand Dollar. If you have New Zealand Dollar 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 New Zealand Dollar. 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.
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.
MGA | USD | EUR | CAD | GBP | NZD | SGD | ZAR | AUD | |
---|---|---|---|---|---|---|---|---|---|
To MGA | - | 4,385.48000 | 4,737.41000 | 3,240.46000 | 5,543.47000 | 2,623.61000 | 3,250.07000 | 231.46200 | 2,861.31000 |
To USD | 0.00023 | - | 1.07995 | 0.73896 | 1.26315 | 0.59805 | 0.74096 | 0.05281 | 0.65235 |
To EUR | 0.00021 | 0.92595 | - | 0.68426 | 1.16962 | 0.55378 | 0.68611 | 0.04890 | 0.60406 |
To CAD | 0.00031 | 1.35325 | 1.46144 | - | 1.70936 | 0.80931 | 1.00270 | 0.07147 | 0.88279 |
To GBP | 0.00018 | 0.79167 | 0.85498 | 0.58502 | - | 0.47346 | 0.58660 | 0.04181 | 0.51645 |
To NZD | 0.00038 | 1.67210 | 1.80579 | 1.23562 | 2.11211 | - | 1.23878 | 0.08822 | 1.09080 |
To SGD | 0.00031 | 1.34960 | 1.45750 | 0.99730 | 1.70475 | 0.80725 | - | 0.07128 | 0.88041 |
To ZAR | 0.00432 | 18.93490 | 20.44870 | 13.99220 | 23.91760 | 11.33500 | 14.03000 | - | 12.35220 |
To AUD | 0.00035 | 1.53292 | 1.65548 | 1.13277 | 1.93631 | 0.91676 | 1.13583 | 0.08096 | - |
The Malagasy Ariayry to New Zealand Dollar exchange rate today is 0.00038 . Use this guide to learn more about exchanging MGA to NZD in the easiest and best value way for your specific needs.
The MGA to NZD rate today is 0.00038 . That means that 5 Malagasy Ariayry would be worth 0.0019 New Zealand Dollar.
Exchange MGA to NZD in person at a bank, currency exchange store or airport - or for a better exchange rate and to avoid standing in line in a physical store, use a digital service. Online currency exchange services are safe, intuitive and easy to use, to send payments internationally, or hold and exchange multiple currencies including MGA to NZD.
If you want to send money from Madagascar - or anywhere else in the world - to New Zealand, you'll be able to do so through your bank or an online specialist service like Wise. Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to New Zealand - plus, you'll be able to get everything arranged with just your laptop or phone.
The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like New Zealand Dollar and Malagasy Ariayry on wholesale markets. It's an important benchmark you can use to measure whether the exchange rate you're offered by a bank or exchange service is fair.
Usually banks and exchange services add a percentage margin - known as a markup - to the exchange rate they get themselves. But this markup can vary a lot, and in some cases pushes up the cost of currency exchange significantly. Learning about the mid-market rate and monitoring it can mean you get a better deal when you exchange currencies.
Get the live Malagasy Ariayry to New Zealand Dollar exchange rate with our handy tools, to help you compare your options.
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