What is the Qatari Riyal worth against the Malagasy Ariayry today?

1 QAR is worth 1,198.52 MGA today

How much is 1,000 QAR worth in MGA?

At the current exchange rate of 1,198.52 , a sum of 1,000 Qatari Riyal is worth 1,198,520 Malagasy Ariayry.

Which currency is stronger? QAR or MGA?

The Qatari Riyal is currently stronger than the Malagasy Ariayry given that 1 QAR is equal to 1,198.52 MGA. Conversely, 1 MGA is worth 0.001 QAR.

Overview of QAR to MGA Performance and Trends

Today, to buy 1,000 Qatari Riyal, you need 1,198,520 Malagasy Ariayry. On the same date last year, you needed 1,202,140 Malagasy Ariayry for 1,000 Qatari Riyal. This change indicates that the Qatari Riyal has become stronger against the Malagasy Ariayry by 0.05% over the past year.

The pair experienced moderate volatility of 5.21%.

Moderate volatility means there is a moderate risk of price changes. It represents a balance of potential gains and risks.

QAR to MGA Currency Performance and Volatility

Last 7 Days

• Performance: ﷼1,000 varied between Ar1,196.49 (weekly low) and Ar1,209.39 (weekly high), a variance of Ar12.9 .
• Volatility: Fluctuated by 1.08%.

Last 30 Days

• Performance: ﷼1,000 varied between Ar1,195.53 (30-day low) to Ar1,234.56 (30-day high), a variance of Ar39.03 .
• Volatility: Fluctuated by 3.26%.

Last 90 Days

• Performance: ﷼1,000 varied between Ar1,196.77 (90-day low) to Ar1,255.68 (90-day high), a variance of Ar58.91 .
• Volatility: Fluctuated by 4.92%.

Last Year

• Performance: ﷼1,000 ranged from Ar1,196.77 (yearly low) to Ar1,259.11 (yearly high), a variance of Ar62.34 .
• Volatility: Fluctuated by 5.21%.

QAR to MGA Forecast and trending

Is the Qatari Riyal going up or down against the Malagasy Ariayry?

Today's QAR to MGA exchange rate (1,202.73) is higher compared to yesterday's rate (1,201.45).

Understanding QAR 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 Qatari Riyal 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 QAR to MGA?

You can convert Qatari Riyal 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 Qatari Riyal 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 Qatari Riyal 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 QAR 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 QAR to MGA exchange rate for your specific transaction.

Get to know the QAR/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 QAR/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 Qatari Riyal 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 Qatari Riyal with Malagasy Ariayry?

You'll be able to exchange Malagasy Ariayry to Qatari Riyal in the same way as you'd exchange Qatari Riyal 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 Qatari Riyal 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 QAR 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.