MGA to ILS - Convert Malagasy Ariayry to Israeli New Shekel

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

1 MGA = 0.00083 ILS

1 ILS = 1,204.81928 MGA

(Mid-market exchange rate)

Last updated Jun 17, 2024 03:30 GMT

MGA to ILS conversion chart

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

1 MGA = 0.00083 ILS

1,000 Malagasy Ariayry to Israeli New Shekel stats | MGA to ILS

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 0.00084 0.00085 0.00087 0.0009 0.00085
Low 0.00083 0.00082 0.0008 0.00079 0.00082
Average 0.00083 0.00083 0.00084 0.00083 0.00083
Volatility 1.2% 3.66% 8.75% 13.92% 3.66%

What is the Malagasy Ariayry worth against the Israeli New Shekel today?

1 MGA is worth 0.00083 ILS today

How much is 1,000 MGA worth in ILS?

At the current exchange rate of 0.00083 , a sum of 1,000 Malagasy Ariayry is worth 0.83 Israeli New Shekel.

Which currency is stronger? MGA or ILS?

The Israeli New Shekel is currently stronger than the Malagasy Ariayry given that 1 ILS is equal to 1,204.81928 MGA. Conversely, 1 MGA is worth 0.00083 ILS.

Overview of MGA to ILS Performance and Trends

Today, to buy 1,000 Malagasy Ariayry, you need 0.83 Israeli New Shekel. On the same date last year, you needed 0.8 Israeli New Shekel for 1,000 Malagasy Ariayry. This change indicates that the Malagasy Ariayry has become stronger against the Israeli New Shekel by 3.75% over the past year.

The pair experienced high volatility of 13.92%.

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 ILS Currency Performance and Volatility

Last 7 Days

  • Performance: Ar1,000 varied between ₪0.00083 (weekly low) and ₪0.00084 (weekly high), a variance of ₪0.00001 .
  • Volatility: Fluctuated by 1.2%.

Last 30 Days

  • Performance: Ar1,000 varied between ₪0.00082 (30-day low) to ₪0.00085 (30-day high), a variance of ₪0.00003 .
  • Volatility: Fluctuated by 3.66%.

Last 90 Days

  • Performance: Ar1,000 varied between ₪0.0008 (90-day low) to ₪0.00087 (90-day high), a variance of ₪0.00007 .
  • Volatility: Fluctuated by 8.75%.

Last Year

  • Performance: Ar1,000 ranged from ₪0.00079 (yearly low) to ₪0.0009 (yearly high), a variance of ₪0.00011 .
  • Volatility: Fluctuated by 13.92%.

MGA to ILS Forecast and trending

Is the Malagasy Ariayry going up or down against the Israeli New Shekel?

Today's MGA to ILS exchange rate (0.00083) is smaller compared to yesterday's rate (0.00083).

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

ILS - Israeli New Shekel

The currency code for Israeli New Shekel is ILS.

The ILS currency symbol is ₪.

Minor unit: 1/100 = Agora

ILS rank by most traded currencies: 23

Avg proportion of daily world trade volume: 0.20%

ILS rank by strongest currencies (buying power): 33

The Israeli New Shekel is the currency of 2 countries:
Israel, Palestine

More Israeli New Shekel (ILS) information >

Understanding MGA to ILS 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 Israeli New Shekel, to send a payment, for a trip overseas, when shopping online or to hold a balance in Israeli New Shekel.

How to convert MGA to ILS?

You can convert Malagasy Ariayry to Israeli New Shekel 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 Israeli New Shekel 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 Israeli New Shekel 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 Israeli New Shekel 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 Israeli New Shekel

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

Get to know the MGA/ILS 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/ILS 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 Israeli New Shekel. 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 Israeli New Shekel?

You'll be able to exchange Israeli New Shekel to Malagasy Ariayry in the same way as you'd exchange Malagasy Ariayry to Israeli New Shekel. If you have Israeli New Shekel 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 Israeli New Shekel. 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 ILS?

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 Israeli New Shekel (MGA to ILS)

How much is the Malagasy Ariayry to Israeli New Shekel?

The Malagasy Ariayry to Israeli New Shekel exchange rate today is 0.00083 . Use this guide to learn more about exchanging MGA to ILS in the easiest and best value way for your specific needs.

How much is 1,000 Malagasy Ariayry to the Israeli New Shekel?

The MGA to ILS rate today is 0.00083 . That means that 1,000 Malagasy Ariayry would be worth 0.83 Israeli New Shekel.

How to exchange Malagasy Ariayry to Israeli New Shekel?

Exchange MGA to ILS 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 ILS.

How to send money to Israel?

If you want to send money from Madagascar - or anywhere else in the world - to Israel, 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 Israel - 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 Israeli New Shekel 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 Israeli New Shekel exchange rate with our handy tools, to help you compare your options.

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