🇲🇬Malagasy Ariary to Euro
This page gives a quick reference rate for converting between the Malagasy Ariary (MGA) and the Euro (EUR). The Malagasy Ariary is used in Madagascar. Rates below are indicative snapshots as of late July 2026 — for live rates when sending money or exchanging cash, check your bank, Wise, or XE.
MGA to EUR Calculator
Type any amount in either box — the other updates instantly.
Based on 1 EUR = 4,945.65 MGA (indicative rate, late July 2026).
Conversion Table
MGA → EUR
| MGA | EUR |
|---|---|
| 1 MGA | 0.000202 EUR |
| 5 MGA | 0.001011 EUR |
| 10 MGA | 0.002022 EUR |
| 25 MGA | 0.005055 EUR |
| 50 MGA | 0.010110 EUR |
| 100 MGA | 0.020220 EUR |
| 250 MGA | 0.050549 EUR |
| 500 MGA | 0.101099 EUR |
| 1,000 MGA | 0.202198 EUR |
| 5,000 MGA | 1.0110 EUR |
| 10,000 MGA | 2.0220 EUR |
| 50,000 MGA | 10.1099 EUR |
| 100,000 MGA | 20.2198 EUR |
| 1,000,000 MGA | 202.1979 EUR |
EUR → MGA
| EUR | MGA |
|---|---|
| 1 EUR | 4,945.65 MGA |
| 5 EUR | 24,728.25 MGA |
| 10 EUR | 49,456.50 MGA |
| 25 EUR | 123,641.25 MGA |
| 50 EUR | 247,282.50 MGA |
| 100 EUR | 494,565.00 MGA |
| 250 EUR | 1,236,412.50 MGA |
| 500 EUR | 2,472,825.00 MGA |
| 1,000 EUR | 4,945,650.00 MGA |
| 5,000 EUR | 24,728,250.00 MGA |
| 10,000 EUR | 49,456,500.00 MGA |
Malagasy Ariary Banknotes & Coins
Malagasy Ariary banknotes commonly circulate in these denominations:
- 100, 200 ariary — small notes, though increasingly replaced by coins
- 500, 1,000, 2,000 ariary — common notes for everyday transactions
- 5,000, 10,000 ariary — higher-value notes
Read the full Malagasy Ariary history, denominations & FAQ →
Frequently Asked Questions
What is the MGA to EUR exchange rate today?
The reference rate on this page is 1 EUR ≈ 4,945.65 MGA (equivalently 1 MGA ≈ 0.000202 EUR). It is an indicative snapshot rather than a live feed, so today’s exact market rate will differ slightly. For a rate you are about to transact on, check your bank, Wise or XE — and compare what they quote against the figure here to see the spread you are being charged.
How much is 100 MGA in EUR?
100 MGA is approximately 0.02022 EUR at the reference rate of 1 EUR ≈ 4,945.65 MGA. Rates move daily — use the converter above for other amounts.
Why isn't the ariary divided into 100 subunits?
It's one of only two non-decimal currencies left in the world — 1 ariary equals 5 iraimbilanja rather than 100 of a subunit, a holdover from older French colonial-era coinage. The subunit is rarely used in practice today.
What's the best way to exchange MGA for EUR?
Banks, licensed forex bureaus, and services like Wise or Revolut typically offer better rates than airport kiosks. Compare the mid-market rate shown here against what you're quoted before exchanging.
Where can I find rates for other currency pairs?
The African Currencies directory covers all 54 African countries, with USD, EUR and GBP conversions for each.