MGA to AFN - Convert Malagasy Ariayry to Afghan Afghani

Convert MGA to AFN using our currency converter with real exchange rate today

1 MGA = 0.016 AFN

1 AFN = 62.5 MGA

(Mid-market exchange rate)

Last updated Apr 24, 2024 11:55 GMT

MGA to AFN conversion chart

Below is the live and historical Malagasy Ariayry to Afghan Afghani rate chart so you can see today's rate - and how the rates have changed over time.

1 MGA = 0.016 AFN

1,000 Malagasy Ariayry to Afghan Afghani stats | MGA to AFN

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 0.016 0.017 0.017 0.02 0.017
Low 0.016 0.016 0.016 0.015 0.016
Average 0.016 0.016 0.016 0.017 0.016
Volatility 0% 6.25% 6.25% 33.33% 6.25%

What is the Malagasy Ariayry worth against the Afghan Afghani today?

1 MGA is worth 0.016 AFN today

How much is 1,000 MGA worth in AFN?

At the current exchange rate of 0.016 , a sum of 1,000 Malagasy Ariayry is worth 16 Afghan Afghani.

Which currency is stronger? MGA or AFN?

The Afghan Afghani is currently stronger than the Malagasy Ariayry given that 1 AFN is equal to 62.5 MGA. Conversely, 1 MGA is worth 0.016 AFN.

Overview of MGA to AFN Performance and Trends

Today, to buy 1,000 Malagasy Ariayry, you need 16 Afghan Afghani. On the same date last year, you needed 19 Afghan Afghani for 1,000 Malagasy Ariayry. This change indicates that the Malagasy Ariayry has lost value against the Afghan Afghani by 15.79% over the past year.

The pair experienced high volatility of 33.33%.

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 AFN Currency Performance and Volatility

Last 7 Days

  • Performance: Ar1,000 varied between ؋0.016 (weekly low) and ؋0.016 (weekly high), a variance of ؋0 .
  • Volatility: Fluctuated by 0%.

Last 30 Days

  • Performance: Ar1,000 varied between ؋0.016 (30-day low) to ؋0.017 (30-day high), a variance of ؋0.001 .
  • Volatility: Fluctuated by 6.25%.

Last 90 Days

  • Performance: Ar1,000 varied between ؋0.016 (90-day low) to ؋0.017 (90-day high), a variance of ؋0.001 .
  • Volatility: Fluctuated by 6.25%.

Last Year

  • Performance: Ar1,000 ranged from ؋0.015 (yearly low) to ؋0.02 (yearly high), a variance of ؋0.005 .
  • Volatility: Fluctuated by 33.33%.

MGA to AFN Forecast and trending

Is the Malagasy Ariayry going up or down against the Afghan Afghani?

Today's MGA to AFN exchange rate (0.016) is smaller compared to yesterday's rate (0.016).

Currency information

MGA - Malagasy Ariayry

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

AFN - Afghan Afghani

The currency code for Afghan Afghani is AFN.

The AFN currency symbol is ؋.

Minor unit:

AFN rank by most traded currencies:

Avg proportion of daily world trade volume:

AFN rank by strongest currencies (buying power):

The Afghan Afghani is the currency of countries:

Understanding MGA to AFN 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 Afghan Afghani, to send a payment, for a trip overseas, when shopping online or to hold a balance in Afghan Afghani.

How to convert MGA to AFN?

You can convert Malagasy Ariayry to Afghan Afghani 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 Afghan Afghani 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 Afghan Afghani 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 Afghan Afghani 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 Afghan Afghani

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

Get to know the MGA/AFN 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/AFN 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 Afghan Afghani. 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 Afghan Afghani?

You'll be able to exchange Afghan Afghani to Malagasy Ariayry in the same way as you'd exchange Malagasy Ariayry to Afghan Afghani. If you have Afghan Afghani 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 Afghan Afghani. 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 AFN?

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.

Frequently asked questions when converting Malagasy Ariayry to Afghan Afghani (MGA to AFN)

How much is the Malagasy Ariayry to Afghan Afghani?

The Malagasy Ariayry to Afghan Afghani exchange rate today is 0.016 . Use this guide to learn more about exchanging MGA to AFN in the easiest and best value way for your specific needs.

How much is 1,000 Malagasy Ariayry to the Afghan Afghani?

The MGA to AFN rate today is 0.016 . That means that 1,000 Malagasy Ariayry would be worth 16 Afghan Afghani.

How to exchange Malagasy Ariayry to Afghan Afghani?

Exchange MGA to AFN 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 AFN.

How to send money to Afghanistan?

If you want to send money from Madagascar - or anywhere else in the world - to Afghanistan, 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 Afghanistan - plus, you'll be able to get everything arranged with just your laptop or phone.

What is the Mid-Market Rate?

The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like Afghan Afghani 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 Afghan Afghani exchange rate with our handy tools, to help you compare your options.

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