What Currency Does Madagascar Use?
Facts last checked 9 October 2026.
Exchange rate (approximate):
1 USD ≈ 4,266 MGA
1 GBP ≈ 5,719 MGA
Rates are indicative (July 2026) and change daily. Always check live rates before travelling. Rates by Exchange Rate API.
MGA converter
100 MGA ≈ 0.0234 USD
Malagasy ariary conversion table
| Amount | USD → MGA | GBP → MGA | EUR → MGA |
|---|---|---|---|
| 1 | 4,266 | 5,719 | 4,872 |
| 5 | 21,329 | 28,593 | 24,362 |
| 10 | 42,657 | 57,186 | 48,723 |
| 20 | 85,315 | 114,372 | 97,447 |
| 50 | 213,287 | 285,931 | 243,617 |
| 100 | 426,574 | 571,862 | 487,235 |
| 500 | 2,132,869 | 2,859,308 | 2,436,173 |
| 1,000 | 4,265,738 | 5,718,615 | 4,872,345 |
| MGA | → USD | → GBP | → EUR |
|---|---|---|---|
| 1 | 0.0002 | 0.0002 | 0.0002 |
| 5 | 0.0012 | 0.0009 | 0.001 |
| 10 | 0.0023 | 0.0017 | 0.0021 |
| 20 | 0.0047 | 0.0035 | 0.0041 |
| 50 | 0.0117 | 0.0087 | 0.0103 |
| 100 | 0.0234 | 0.0175 | 0.0205 |
| 500 | 0.1172 | 0.0874 | 0.1026 |
| 1,000 | 0.2344 | 0.1749 | 0.2052 |
Indicative rates (July 2026). Banks and card providers add their own margin and fees, so the amount you actually receive will differ slightly.
Against the US dollar, 1 MGA is worth about 0.0002 USD. Of the 141 currencies covered on this site, the Malagasy ariary ranks 132nd by value per unit (1st = the most US dollars per unit). A high or low number says nothing about economic strength — it simply reflects how the currency is denominated.
Travel Money Card
Travelling to Madagascar? Avoid poor airport exchange rates — a prepaid travel money card or multi-currency card usually gets you a far better deal on Malagasy ariary spending.
What is money called in Madagascar?
Money in Madagascar is called the Malagasy ariary — its ISO 4217 currency code is MGA, and its symbol is Ar. The Malagasy ariary is the official legal tender in Madagascar and is used for all everyday transactions — from paying for goods and services to converting money at banks and exchange bureaus. When travelling, you may also see it referred to as the Madagascar currency or simply money in Madagascar.
Is the Malagasy ariary used anywhere else?
No — Madagascar is the only country on this site using the Malagasy ariary as its official currency.
Practical money tips for Madagascar
Card payments are widely accepted in most cities, but it's still worth carrying some Malagasy ariary in cash for smaller vendors, local transport and rural areas. Notify your bank before travelling to avoid transactions being blocked, and compare card fees — many cards charge a foreign transaction fee that a dedicated travel money card avoids.
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Madagascar in context
- Madagascar covers 587,041 km², making it the 45th largest of the 196 countries on this site.
- Madagascar has no land borders with other countries on this site.
- With 31,727,042 people, Madagascar holds about 7.2% of the population of Eastern Africa.
- Traffic drives on the right, and calendars start the week on Monday.
- Madagascar is a member state of the United Nations.
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Madagascar currency — FAQ
What is the currency of Madagascar?
The currency of Madagascar is the Malagasy ariary (currency code: MGA, symbol: Ar).
What is the currency code for Madagascar?
The ISO 4217 currency code for the Malagasy ariary is MGA.
What is the Malagasy ariary symbol?
The symbol for the Malagasy ariary is Ar. You will see this on price tags and receipts throughout Madagascar.
What currency is used in Madagascar?
The official currency used in Madagascar is the Malagasy ariary (MGA).
Can I use US dollars in Madagascar?
The official currency of Madagascar is the Malagasy ariary, not the US dollar. While USD may be accepted in some tourist hotels and major cities, you will generally get better rates paying in Malagasy ariary and should exchange money before or on arrival.
What is the exchange rate for Madagascar?
As of July 2026, approximately 1 USD = 4,266 MGA and 1 GBP = 5,719 MGA. Rates change daily — always check a live source before travelling or sending money.
What is money called in Madagascar?
Money in Madagascar is called the Malagasy ariary (MGA).
Do other countries use the Malagasy ariary?
No — Madagascar is the only country on this site using the Malagasy ariary as its official currency.
What is the Malagasy currency?
The Malagasy currency is the Malagasy ariary (MGA), the official money of Madagascar.
What is the currency of the Republic of Madagascar?
The Republic of Madagascar is the formal name of Madagascar. Its currency is the Malagasy ariary (MGA).
How much is 100 MGA in US dollars?
At the July 2026 indicative rate, 100 MGA is about 0.0234 USD or 0.0175 GBP. Use the converter above for other amounts.
How much is 100 US dollars in Malagasy ariary?
At the July 2026 indicative rate, 100 USD is about 426,574 MGA.
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