MGA to CZK - Convert Malagasy Ariayry to Czech Koruna

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

1 MGA = 0.0051 CZK

1 CZK = 196.0784 MGA

(Mid-market exchange rate)

Last updated Oct 11, 2024 02:31 GMT

MGA to CZK conversion chart

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

1 MGA = 0.0051 CZK

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1,000 Malagasy Ariayry to Czech Koruna stats | MGA to CZK

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 0.0051 0.0051 0.0052 0.0054 0.0051
Low 0.005 0.0049 0.0049 0.0049 0.0049
Average 0.0051 0.005 0.0051 0.0051 0.005
Volatility 2% 4.08% 6.12% 10.2% 4.08%

What is the Malagasy Ariayry worth against the Czech Koruna today?

1 MGA is worth 0.0051 CZK today

How much is 1,000 MGA worth in CZK?

At the current exchange rate of 0.0051 , a sum of 1,000 Malagasy Ariayry is worth 5.1 Czech Koruna.

Which currency is stronger? MGA or CZK?

The Czech Koruna is currently stronger than the Malagasy Ariayry given that 1 CZK is equal to 196.0784 MGA. Conversely, 1 MGA is worth 0.0051 CZK.

Overview of MGA to CZK Performance and Trends

Today, to buy 1,000 Malagasy Ariayry, you need 5.1 Czech Koruna. On the same date last year, you needed 5.1 Czech Koruna for 1,000 Malagasy Ariayry. This change indicates that the Malagasy Ariayry has become stronger against the Czech Koruna by 0% over the past year.

The pair experienced high volatility of 10.2%.

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 CZK Currency Performance and Volatility

Last 7 Days

  • Performance: Ar1,000 varied between Kč0.005 (weekly low) and Kč0.0051 (weekly high), a variance of Kč0.0001 .
  • Volatility: Fluctuated by 2%.

Last 30 Days

  • Performance: Ar1,000 varied between Kč0.0049 (30-day low) to Kč0.0051 (30-day high), a variance of Kč0.0002 .
  • Volatility: Fluctuated by 4.08%.

Last 90 Days

  • Performance: Ar1,000 varied between Kč0.0049 (90-day low) to Kč0.0052 (90-day high), a variance of Kč0.0003 .
  • Volatility: Fluctuated by 6.12%.

Last Year

  • Performance: Ar1,000 ranged from Kč0.0049 (yearly low) to Kč0.0054 (yearly high), a variance of Kč0.0005 .
  • Volatility: Fluctuated by 10.2%.

MGA to CZK Forecast and trending

Is the Malagasy Ariayry going up or down against the Czech Koruna?

Today's MGA to CZK exchange rate (0.0051) is smaller compared to yesterday's rate (0.0051).

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

CZK - Czech Koruna

The currency code for Czech Koruna is CZK.

The CZK currency symbol is Kč.

Minor unit: 1/100 = Heller

CZK rank by most traded currencies: 25

Avg proportion of daily world trade volume: 0.20%

CZK rank by strongest currencies (buying power): 66

The Czech Koruna is the currency of 1 countries:
Czech Republic

More Czech Koruna (CZK) information >

Understanding MGA to CZK 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 Czech Koruna, to send a payment, for a trip overseas, when shopping online or to hold a balance in Czech Koruna.

How to convert MGA to CZK?

You can convert Malagasy Ariayry to Czech Koruna 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 Czech Koruna 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 Czech Koruna 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 Czech Koruna 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 Czech Koruna

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

Get to know the MGA/CZK 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/CZK 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 Czech Koruna. 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 Czech Koruna?

You'll be able to exchange Czech Koruna to Malagasy Ariayry in the same way as you'd exchange Malagasy Ariayry to Czech Koruna. If you have Czech Koruna 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 Czech Koruna. 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 CZK?

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 Czech Koruna (MGA to CZK)

How much is the Malagasy Ariayry to Czech Koruna?

The Malagasy Ariayry to Czech Koruna exchange rate today is 0.0051 . Use this guide to learn more about exchanging MGA to CZK in the easiest and best value way for your specific needs.

How much is 1,000 Malagasy Ariayry to the Czech Koruna?

The MGA to CZK rate today is 0.0051 . That means that 1,000 Malagasy Ariayry would be worth 5.1 Czech Koruna.

How to exchange Malagasy Ariayry to Czech Koruna?

Exchange MGA to CZK 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 CZK.

How to send money to Czech Republic?

If you want to send money from Madagascar - or anywhere else in the world - to Czech Republic, 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 Czech Republic - 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 Czech Koruna 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 Czech Koruna exchange rate with our handy tools, to help you compare your options.

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