🇲🇬 Malagasy Ariary (MGA) TradingHours.com

The Malagasy Ariary is the primary currency of Madagascar. This currency is used by an estimated 27,691,019 people. Based on our estimate, Malagasy Ariary is the #47 most popular currency is the world.

The currency code for the Malagasy Ariary is "MGA". The ISO 4217 number for this currency is 969. The currency symbol for the Ariary is "Ar".

Malagasy Ariary conversion rates, useful facts, and holiday schedule can be found below.

MGA Currency Demographics

The primary country using the Malagasy Ariary is Madagascar.

There are approximately 27,691,019 people around the world who use the Malagasy Ariary. The Malagasy Ariary is the #47 most used widely currency is the world.

27,691,019 user population
Ranked #47 in the world

MGA Exchange Rates

1 Malagasy Ariary equals:

Australian Dollar


Inverse: Ar2,995.090


Inverse: Ar4,619.80
British Pound


Inverse: Ar5,478.55
Indian Rupee


Inverse: Ar53.20
Japanese Yen


Inverse: Ar35.033
US Dollar


Inverse: Ar3,983.20

† Rates last updated at 2 hours ago

‡ Rates are the interbank rate and are only available on large transactions

MGA Currency Facts

MGA Details

ISO 4217 CodeMGA
ISO 4217 Number969
Unit NameAriary
Currency NicknamesN.a.

MGA Denominations

Minor Unit NameN.a.
Minor Unit Symbol N.a.
Minor Units2
Frequently Used banknotesAr100, Ar200, Ar500, Ar1000, Ar2000, Ar5000, Ar10000
Rarely Used BanknotesN.a.
Frequently Used CoinsAr1, Ar2, Ar4, Ar5, Ar10, Ar20, Ar50, 1, 25
Rarely Used CoinsN.a.

MGA Issuance

Central BankBanque Centrale de Madagascar
Central Bank Websitehttp://www.banque-centrale.mg

World Bank Statistics

Estimated User Population27,691,019 people
Population Rank#47
MGA Inflation Rate4.20%
Inflation Rank#32

† Population and Inflation rate as based on data from the World Bank.

‡ Corrections or suggestions? Please contact us.

MGA Currency History

The Malagasy Ariary was created in January 2005. The table below shows the history of currencies that ultimately became the Malagasy Ariary.

Currency Active Replaced By
Malagasy franc (MGF) July 1963 to January 2005 MGA