RON to MGA - Convert Romanian New Leu to Malagasy Ariayry

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

1 RON = 958.92 MGA

1 MGA = 0.001 RON

(Mid-market exchange rate)

Last updated Jun 14, 2024 12:00 GMT

RON to MGA conversion chart

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

1 RON = 958.92 MGA

1,000 Romanian New Leu to Malagasy Ariayry stats | RON to MGA

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 973.608 978.61 984.761 1,023.9 978.61
Low 957.178 957.178 932.795 932.795 957.612
Average 964.963 966.803 958.217 981.95 966.774
Volatility 1.72% 2.24% 5.57% 9.77% 2.19%

What is the Romanian New Leu worth against the Malagasy Ariayry today?

1 RON is worth 958.92 MGA today

How much is 1,000 RON worth in MGA?

At the current exchange rate of 958.92 , a sum of 1,000 Romanian New Leu is worth 958,920 Malagasy Ariayry.

Which currency is stronger? RON or MGA?

The Romanian New Leu is currently stronger than the Malagasy Ariayry given that 1 RON is equal to 958.92 MGA. Conversely, 1 MGA is worth 0.001 RON.

Overview of RON to MGA Performance and Trends

Today, to buy 1,000 Romanian New Leu, you need 958,920 Malagasy Ariayry. On the same date last year, you needed 983,616 Malagasy Ariayry for 1,000 Romanian New Leu. This change indicates that the Romanian New Leu has lost value against the Malagasy Ariayry by 2.18% over the past year.

The pair experienced moderate volatility of 9.77%.

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

RON to MGA Currency Performance and Volatility

Last 7 Days

  • Performance: lei1,000 varied between Ar957.178 (weekly low) and Ar973.608 (weekly high), a variance of Ar16.43 .
  • Volatility: Fluctuated by 1.72%.

Last 30 Days

  • Performance: lei1,000 varied between Ar957.178 (30-day low) to Ar978.61 (30-day high), a variance of Ar21.432 .
  • Volatility: Fluctuated by 2.24%.

Last 90 Days

  • Performance: lei1,000 varied between Ar932.795 (90-day low) to Ar984.761 (90-day high), a variance of Ar51.966 .
  • Volatility: Fluctuated by 5.57%.

Last Year

  • Performance: lei1,000 ranged from Ar932.795 (yearly low) to Ar1,023.9 (yearly high), a variance of Ar91.105 .
  • Volatility: Fluctuated by 9.77%.

RON to MGA Forecast and trending

Is the Romanian New Leu going up or down against the Malagasy Ariayry?

Today's RON to MGA exchange rate (957.178) is smaller compared to yesterday's rate (967.415).

Currency information

RON - Romanian New Leu

The currency code for Romanian New Leu is RON.

The RON currency symbol is lei.

Minor unit: 1/100 = Ban

RON rank by most traded currencies: 35

Avg proportion of daily world trade volume: 0.05%

RON rank by strongest currencies (buying power): 39

The Romanian New Leu is the currency of 1 countries:
Romania

More Romanian New Leu (RON) 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

Understanding RON 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 Romanian New Leu 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 RON to MGA?

You can convert Romanian New Leu 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 Romanian New Leu 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 Romanian New Leu 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 RON 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 RON to MGA exchange rate for your specific transaction.

Get to know the RON/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 RON/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 Romanian New Leu 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 Romanian New Leu with Malagasy Ariayry?

You'll be able to exchange Malagasy Ariayry to Romanian New Leu in the same way as you'd exchange Romanian New Leu 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 Romanian New Leu 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 RON 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 Romanian New Leu to Malagasy Ariayry (RON to MGA)

How much is the Romanian New Leu to Malagasy Ariayry?

The Romanian New Leu to Malagasy Ariayry exchange rate today is 958.92 . Use this guide to learn more about exchanging RON to MGA in the easiest and best value way for your specific needs.

How much is 1,000 Romanian New Leu to the Malagasy Ariayry?

The RON to MGA rate today is 958.92 . That means that 1,000 Romanian New Leu would be worth 958,920 Malagasy Ariayry.

How to exchange Romanian New Leu to Malagasy Ariayry?

Exchange RON 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 RON to MGA.

How to send money to Madagascar?

If you want to send money from Romania - 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 Romanian New Leu 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 Romanian New Leu to Malagasy Ariayry exchange rate with our handy tools, to help you compare your options.

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