MGA to TRY - Convert Malagasy Ariayry to Turkish Lira

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

1 MGA = 0.0075 TRY

1 TRY = 133.3333 MGA

(Mid-market exchange rate)

Last updated Oct 11, 2024 02:28 GMT

MGA to TRY conversion chart

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

1 MGA = 0.0075 TRY

Loading...

1,000 Malagasy Ariayry to Turkish Lira stats | MGA to TRY

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 0.0075 0.0076 0.0076 0.0076 0.0076
Low 0.0075 0.0075 0.0073 0.0061 0.0075
Average 0.0075 0.0075 0.0075 0.007 0.0075
Volatility 0% 1.33% 4.11% 24.59% 1.33%

What is the Malagasy Ariayry worth against the Turkish Lira today?

1 MGA is worth 0.0075 TRY today

How much is 1,000 MGA worth in TRY?

At the current exchange rate of 0.0075 , a sum of 1,000 Malagasy Ariayry is worth 7.5 Turkish Lira.

Which currency is stronger? MGA or TRY?

The Turkish Lira is currently stronger than the Malagasy Ariayry given that 1 TRY is equal to 133.3333 MGA. Conversely, 1 MGA is worth 0.0075 TRY.

Overview of MGA to TRY Performance and Trends

Today, to buy 1,000 Malagasy Ariayry, you need 7.5 Turkish Lira. On the same date last year, you needed 6.1 Turkish Lira for 1,000 Malagasy Ariayry. This change indicates that the Malagasy Ariayry has become stronger against the Turkish Lira by 22.95% over the past year.

The pair experienced high volatility of 24.59%.

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 TRY Currency Performance and Volatility

Last 7 Days

  • Performance: Ar1,000 varied between ₺0.0075 (weekly low) and ₺0.0075 (weekly high), a variance of ₺0 .
  • Volatility: Fluctuated by 0%.

Last 30 Days

  • Performance: Ar1,000 varied between ₺0.0075 (30-day low) to ₺0.0076 (30-day high), a variance of ₺0.0001 .
  • Volatility: Fluctuated by 1.33%.

Last 90 Days

  • Performance: Ar1,000 varied between ₺0.0073 (90-day low) to ₺0.0076 (90-day high), a variance of ₺0.0003 .
  • Volatility: Fluctuated by 4.11%.

Last Year

  • Performance: Ar1,000 ranged from ₺0.0061 (yearly low) to ₺0.0076 (yearly high), a variance of ₺0.0015 .
  • Volatility: Fluctuated by 24.59%.

MGA to TRY Forecast and trending

Is the Malagasy Ariayry going up or down against the Turkish Lira?

Today's MGA to TRY exchange rate (0.0075) is smaller compared to yesterday's rate (0.0075).

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

TRY - Turkish Lira

The currency code for Turkish Lira is TRY.

The TRY currency symbol is ₺.

Minor unit: 1/100 = Kuruş

TRY rank by most traded currencies: 27

Avg proportion of daily world trade volume: 0.20%

TRY rank by strongest currencies (buying power): 71

The Turkish Lira is the currency of 2 countries:
Turkey, Northern Cyprus

More Turkish Lira (TRY) information >

Understanding MGA to TRY 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 Turkish Lira, to send a payment, for a trip overseas, when shopping online or to hold a balance in Turkish Lira.

How to convert MGA to TRY?

You can convert Malagasy Ariayry to Turkish Lira 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 Turkish Lira 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 Turkish Lira 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 Turkish Lira 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 Turkish Lira

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

Get to know the MGA/TRY 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/TRY 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 Turkish Lira. 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 Turkish Lira?

You'll be able to exchange Turkish Lira to Malagasy Ariayry in the same way as you'd exchange Malagasy Ariayry to Turkish Lira. If you have Turkish Lira 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 Turkish Lira. 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 TRY?

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 Turkish Lira (MGA to TRY)

How much is the Malagasy Ariayry to Turkish Lira?

The Malagasy Ariayry to Turkish Lira exchange rate today is 0.0075 . Use this guide to learn more about exchanging MGA to TRY in the easiest and best value way for your specific needs.

How much is 1,000 Malagasy Ariayry to the Turkish Lira?

The MGA to TRY rate today is 0.0075 . That means that 1,000 Malagasy Ariayry would be worth 7.5 Turkish Lira.

How to exchange Malagasy Ariayry to Turkish Lira?

Exchange MGA to TRY 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 TRY.

How to send money to Turkey?

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

Why trust us?

We take reader trust seriously. At Currency Live we're working to help our readers learn more about currency exchange so they can avoid the common pitfalls and make more of their money. Here's why you can trust us to do just that:>

Expertise and Transparency by our partnership with Wise

Our partnership with Wise reinforces our commitment to delivering transparent and reliable financial insights and aiding more than millions of monthly users in their money transfers. We already have a billion impressions and over a million yearly visitors who benefit from the depth of insight and actionable tips we can provide them.

Broad market scope

At Currency Live we cover all of currency pairs, with rates which are refreshed in real time so you'll know the details you're reading are accurate, extensive and live.

Reliable Market Analysis

Our market analysis and currency news are up-to-date, researched and presented in an easy-to-understand format. This ensures you get accurate and actionable information, without any unnecessary complexities.

Commitment to Accurate Currency Information

Currency Live was built by currency exchange experts with over 10 years experience, and we are proud to dedicate ourselves to providing essential and current information, aiding users with valuable insights for currency conversion and financial decision-making.