NOK to MGA - Convert Norwegian Krone to Malagasy Ariayry

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

1 NOK = 431.973 MGA

1 MGA = 0.002 NOK

(Mid-market exchange rate)

Last updated Feb 21, 2024 12:51 GMT

NOK to MGA conversion chart

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

1 NOK = 431.973 MGA

1,000 Norwegian Krone to Malagasy Ariayry stats | NOK to MGA

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 433.813 439.423 450.936 451.972 439.423
Low 423.518 423.096 417.473 391.088 423.096
Average 430.557 431.736 434.43 422.404 431.739
Volatility 2.43% 3.86% 8.02% 15.57% 3.86%

What is the Norwegian Krone worth against the Malagasy Ariayry today?

1 NOK is worth 431.973 MGA today

How much is 1,000 NOK worth in MGA?

At the current exchange rate of 431.973 , a sum of 1,000 Norwegian Krone is worth 431,973 Malagasy Ariayry.

Which currency is stronger? NOK or MGA?

The Norwegian Krone is currently stronger than the Malagasy Ariayry given that 1 NOK is equal to 431.973 MGA. Conversely, 1 MGA is worth 0.002 NOK.

Overview of NOK to MGA Performance and Trends

Today, to buy 1,000 Norwegian Krone, you need 431,973 Malagasy Ariayry. On the same date last year, you needed 417,275 Malagasy Ariayry for 1,000 Norwegian Krone. This change indicates that the Norwegian Krone has become stronger against the Malagasy Ariayry by 3.63% over the past year.

The pair experienced high volatility of 15.57%.

High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.

NOK to MGA Currency Performance and Volatility

Last 7 Days

  • Performance: kr1,000 varied between Ar423.518 (weekly low) and Ar433.813 (weekly high), a variance of Ar10.295 .
  • Volatility: Fluctuated by 2.43%.

Last 30 Days

  • Performance: kr1,000 varied between Ar423.096 (30-day low) to Ar439.423 (30-day high), a variance of Ar16.327 .
  • Volatility: Fluctuated by 3.86%.

Last 90 Days

  • Performance: kr1,000 varied between Ar417.473 (90-day low) to Ar450.936 (90-day high), a variance of Ar33.463 .
  • Volatility: Fluctuated by 8.02%.

Last Year

  • Performance: kr1,000 ranged from Ar391.088 (yearly low) to Ar451.972 (yearly high), a variance of Ar60.884 .
  • Volatility: Fluctuated by 15.57%.

NOK to MGA Forecast and trending

Is the Norwegian Krone going up or down against the Malagasy Ariayry?

Today's NOK to MGA exchange rate (431.772) is smaller compared to yesterday's rate (432.148).

Currency information

NOK - Norwegian Krone

The currency code for Norwegian Krone is NOK.

The NOK currency symbol is kr.

Minor unit: 1/100 = ├śre

NOK rank by most traded currencies: 13

Avg proportion of daily world trade volume: 0.85%

NOK rank by strongest currencies (buying power): 53

The Norwegian Krone is the currency of 2 countries:
Norway, Svalbard

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

Understanding NOK to MGA 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 Norwegian Krone to Malagasy Ariayry, to send a payment, for a trip overseas, when shopping online or to hold a balance in Malagasy Ariayry.

How to convert NOK to MGA?

You can convert Norwegian Krone to Malagasy Ariayry 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 Malagasy Ariayry 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 Norwegian Krone 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 Malagasy Ariayry 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 Norwegian Krone you want to send, or the amount in Malagasy Ariayry 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 Malagasy Ariayry

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

Get to know the NOK/MGA 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 NOK/MGA 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 Norwegian Krone and Malagasy Ariayry. 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 Norwegian Krone with Malagasy Ariayry?

You'll be able to exchange Malagasy Ariayry to Norwegian Krone in the same way as you'd exchange Norwegian Krone to Malagasy Ariayry. If you have Malagasy Ariayry 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 Malagasy Ariayry. 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 Norwegian Krone 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 NOK to MGA?

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 Norwegian Krone to Malagasy Ariayry (NOK to MGA)

How much is the Norwegian Krone to Malagasy Ariayry?

The Norwegian Krone to Malagasy Ariayry exchange rate today is 431.973 . Use this guide to learn more about exchanging NOK to MGA in the easiest and best value way for your specific needs.

How much is 1,000 Norwegian Krone to the Malagasy Ariayry?

The NOK to MGA rate today is 431.973 . That means that 1,000 Norwegian Krone would be worth 431,973 Malagasy Ariayry.

How to exchange Norwegian Krone to Malagasy Ariayry?

Exchange NOK to MGA 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 NOK to MGA.

How to send money to Madagascar?

If you want to send money from the Norway - or anywhere else in the world - to Madagascar, 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 Madagascar - 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 Malagasy Ariayry and Norwegian Krone 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 Norwegian Krone to Malagasy Ariayry exchange rate with our handy tools, to help you compare your options.

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