Malagasy Ariary to Euro
Convert MGA to EUR
One MGA is worth 0.000196 EUR.
One EUR is worth 5,103.63 MGA.
1 MGA is worth 0.000196 EUR at the mid-market rate. That rate is indicative, dated below, and is the reference figure before any bank or bureau margin.
Updated Nov 11, 2026, 12:02 AM
Converted amount
1.96 EUR
1 MGA = 0.000196 EUR · 1 EUR = 5,103.63 MGA
Updated Nov 11, 2026, 12:02 AM
MGA to EUR conversion table
Common Malagasy Ariary amounts converted into Euro at the mid-market rate dated on this page. Read a price straight off the table instead of typing an amount.
| Amount in MGA | Converted to EUR |
|---|---|
| 10,000 MGA | 1.96 EUR |
| 50,000 MGA | 9.80 EUR |
| 100,000 MGA | 19.59 EUR |
| 250,000 MGA | 48.98 EUR |
| 500,000 MGA | 97.97 EUR |
| 1,000,000 MGA | 195.94 EUR |
| 2,500,000 MGA | 489.85 EUR |
| 5,000,000 MGA | 979.70 EUR |
| 10,000,000 MGA | 1,959.39 EUR |
| 25,000,000 MGA | 4,898.48 EUR |
| 50,000,000 MGA | 9,796.95 EUR |
| 100,000,000 MGA | 19,593.91 EUR |
| 250,000,000 MGA | 48,984.77 EUR |
| 500,000,000 MGA | 97,969.54 EUR |
| 1,000,000,000 MGA | 195,939.09 EUR |
Convert EUR back to MGA
| Amount in EUR | Converted to MGA |
|---|---|
| 1 EUR | 5,104 MGA |
| 5 EUR | 25,518 MGA |
| 10 EUR | 51,036 MGA |
| 25 EUR | 127,591 MGA |
| 50 EUR | 255,181 MGA |
| 100 EUR | 510,363 MGA |
| 250 EUR | 1,275,907 MGA |
| 500 EUR | 2,551,813 MGA |
| 1,000 EUR | 5,103,627 MGA |
| 5,000 EUR | 25,518,135 MGA |
| 10,000 EUR | 51,036,269 MGA |
The figure shown is the mid-market rate: the midpoint between the buy and sell price, dated on the page. It is the rate before any margin is added, so a bank or a bureau de change will quote you a lower one.
About the Malagasy Ariary to Euro rate
This page converts the Malagasy Ariary (MGA) into the Euro (EUR) at the mid-market rate. Both currencies trade continuously on the foreign exchange market, and the ratio between them moves with interest rates, inflation and the trade flows between their economies. The rate shown here is the neutral reference each bank, card network and bureau de change then builds its own price on top of.
Every figure on this page is a mid-market reading of MGA/EUR, dated above. It says where the pair stood at that time, not where it is heading: no rate here is a forecast, a quote, or an offer to exchange.
MGA to EUR: common questions
How much is 100 MGA in EUR?
100 MGA converts to 0.02 EUR at the mid-market rate shown on this page, where one MGA is worth 0.000196 EUR. The pair moves through the day, so check the date under the rate before you rely on the figure.
Is 0.000196 the rate my bank will give me?
No. 0.000196 is the mid-market rate for MGA to EUR, the midpoint between the buy and sell price and the rate before anyone adds a margin. A bank, a card network or a bureau de change quotes a lower rate on this pair and may charge a fee on top, so expect to receive less than the converted figure shown here.
What is the MGA to EUR exchange rate?
One MGA is worth 0.000196 EUR, and one EUR is worth 5,103.63 MGA, at the time shown under the rate. The figure comes from ExchangeRate-API: it is a mid-market reading rather than a live trading price, and every figure on this page, the converter included, uses it.
How do I convert EUR back to MGA?
Use the inverse rate: one EUR is worth 5,103.63 MGA, so multiply your Euro amount by that figure. You can also swap the two currencies in the converter above and the table recalculates in the other direction.
Can I convert MGA to EUR without internet?
Yes, in the Android app. It stores the last synced MGA to EUR rate on the device and keeps converting with no connection, then updates as soon as you are online again. This website needs a connection, because it fetches the rate when the page loads.
Why does the MGA to EUR rate keep changing?
The Malagasy Ariary and the Euro are priced against each other continuously on the currency market. Interest rates, inflation, trade flows and political news all move the pair, which is why the rate you saw in the morning is rarely the rate you see at night.
Convert MGA to EUR offline
The Android app keeps the last synced rates on your phone, so MGA to EUR still converts with no connection: on a plane, in a metro, or abroad without a data plan. It also converts one source currency into several targets on one screen, charts the history of every pair, and can send you a push notification when MGA/EUR crosses a level you set.
Other conversions people make with MGA and EUR
The MGA to EUR rate on this page is an indicative mid-market rate from ExchangeRate-API, dated where it is shown. It is the rate before any margin is added, so a bank, a bureau de change or a payment provider will quote you less. Nothing on this page is financial advice.