1,000 EUR to MGA Exchange Rate
Check the latest Euro to Malagasy Ariayry exchange rate and track historic currency performance.
Live EUR/MGA exchange rate: 4,661.92
|Stat||Last 7 days||Entire period|
At the exchange rate of 4,661.92 on 28th March 2023, a sum of €1,000 is worth MGA4,661,920.
Using the 30 day high exchange rate of 4,748.88, a sum of €1,000 would be worth MGA4,748,880, while at the 30 day low of 4,494.72 it would be worth MGA4,494,720. This variance equates to MGA254,160 over the last 30 days.
At the highest exchange rate seen in the last 7 days, €1,000 would be worth MGA4,748,880, while at the weekly low it would be worth MGA4,588,240. This weekly variance equates to MGA160,640.
Waiting for a better rate? We suggest signing up to an exchange rate alerts service.
If you're looking to get the best possible rate when you send EUR to MGA, we recommend you use Wise (formerly TransferWise). You'll get the real mid-market rate every time and a low up-front fee. Alternatively if you need to hold multiple currencies at once to ensure you transfer at the best time, try using a free multi-currency account service.
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EUR to MGA exchange rate FAQ
How much is 1,000 EUR to MGA today?
The EUR/MGA mid-market exchange rate today is 4661.92. That means that if you convert 1,000 EUR to MGA you'll get 4,661,920 MGA.
It's worth knowing that the mid-market rate isn't always available from your regular bank or currency exchange service. You may also have to pay currency conversion fees which mean you end up with a lower MGA amount than you're expecting. Shop around and compare providers to make sure you're getting the best option available.
How to calculate EUR to MGA exchange rate?
The easiest way to check the EUR to MGA exchange rate is to use our live currency exchange table or a reputable online currency converter. Simply enter the amount in EUR you want to convert, to see the current mid-market exchange rate, and how much you'd finish up with in MGA if you exchange today.
Don't forget to check the rates which are offered by your chosen provider against the mid-market exchange rate shown in our currency table, to make sure you're getting a good deal.
Best EUR to MGA exchange rate?
Each bank and currency exchange service sets its own EUR/MGA exchange rate. That means you'll see lots of different rates out there when you start to research the best EUR to MGA exchange rate.
To understand the rates available, it's helpful to know the mid-market exchange rate for your currency pair. You can find this from our currency table, or using an online currency converter. The mid-market exchange rate matters because it's the rate banks and currency exchange services get when they buy and sell currency on the global markets. By using the mid-market exchange rate as a benchmark, you can see if the provider has added a markup to the rate they pass on to customers.
Choose a provider which uses the mid-market EUR to MGA exchange rate and charges a low, transparent conversion fee, to make sure you're getting the best overall price for your currency conversion.
What is the highest ever EUR to MGA rate?
Exchange rates move around all the time depending on supply and demand on global markets. Understanding the range of rates for your currency pair can help you convert currency when the rate is best for you.
To track historic currency performance for EUR/MGA, use the currency table above. You'll be able to see the high and low points for the last week, the average exchange rates available over the period you select, and the volatility of your currency pair. You can also sign up to a currency exchange rate alert service. You can also get daily exchange rate updates on the EUR to MGA, or if you have a certain rate in mind you can set an alert to notify you once EUR/MGA hits your chosen level.