INR to MGA exchange rate
Indian Rupee to Malagasy Ariary currency converter at the live mid-market rate.
Reference rate (mid-market)
1 INR = 48.1944 MGA
1 MGA = 0.02075 INR
Rate as of . Market reference rate, updated about every 30 minutes.
Reference rate only. MigraPay does not currently support sending Indian Rupee (INR) to Malagasy Ariary (MGA). The rate above is the mid-market rate for comparison; it is not a MigraPay quote.
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Reference rateAmount
Converted to
1 INR = 0.00 MGA
Mid-market reference rate, not a MigraPay quote
INR to MGA conversion tables
Popular amounts at today's rate, in both directions.
| INR | MGA |
|---|---|
| 1 INR | 48.1944 MGA |
| 5 INR | 240.97 MGA |
| 10 INR | 481.94 MGA |
| 20 INR | 963.89 MGA |
| 50 INR | 2,409.72 MGA |
| 100 INR | 4,819.44 MGA |
| 200 INR | 9,638.87 MGA |
| 500 INR | 24,097.18 MGA |
| 1,000 INR | 48,194.36 MGA |
| 2,000 INR | 96,388.71 MGA |
| 5,000 INR | 240,971.78 MGA |
| 10,000 INR | 481,943.56 MGA |
| MGA | INR |
|---|---|
| 1 MGA | 0.02075 INR |
| 5 MGA | 0.1037 INR |
| 10 MGA | 0.2075 INR |
| 20 MGA | 0.415 INR |
| 50 MGA | 1.0375 INR |
| 100 MGA | 2.0749 INR |
| 200 MGA | 4.1499 INR |
| 500 MGA | 10.3747 INR |
| 1,000 MGA | 20.7493 INR |
| 2,000 MGA | 41.4986 INR |
| 5,000 MGA | 103.75 INR |
| 10,000 MGA | 207.49 INR |
INR to MGA exchange rate history
Market rate over time, with the high, low and average for any period you pick.
Why the INR to MGA rate changes
The Indian Rupee to Malagasy Ariary exchange rate is not fixed. It moves with supply and demand for each currency, interest-rate decisions by the central banks that issue them, inflation, commodity prices and the general appetite for risk in global markets. Most emerging-market currencies are priced through the US dollar, so a strong or weak dollar day usually shows up in the INR to MGA rate too.
The rate on this page is the mid-market rate: the midpoint between buy and sell prices on the global market, updated about every 30 minutes. Banks and transfer services add a spread and fees on top, so the INR to MGA rate you are offered will usually be lower than the figure here. Use it as the benchmark to judge any quote.
More exchange rates
MGA to INR and other MGA rates
- MGA to INR
- MGA to CAD
- MGA to NGN
- MGA to USD
- MGA to EUR
- MGA to GBP
- MGA to GHS
- MGA to USDT
- MGA to USDC
- MGA to BRL
- MGA to COP
- MGA to KES
- MGA to MXN
- MGA to RWF
- MGA to TZS
- MGA to XAF
- MGA to XOF
- MGA to ZAR
- MGA to JPY
- MGA to CNY
- MGA to AUD
- MGA to CHF
- MGA to AED
- MGA to SAR
- MGA to PHP
- MGA to PKR
- MGA to BDT
- MGA to EGP
- MGA to TRY
- MGA to SGD
INR to other currencies
Other currencies to MGA
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INR to MGA FAQ
What is the INR to MGA exchange rate today?
1 Indian Rupee (INR) is 48.1944 Malagasy Ariary (MGA), as of 26 Oct 2026, 21:45 UTC. This is the mid-market reference rate, updated about every 30 minutes.
How much is 100 INR in Malagasy Ariary?
100 INR is 4,819.44 MGA at the mid-market rate.
How much is 1,000 INR in MGA?
1,000 INR converts to 48,194.36 MGA at the mid-market rate.
How much is 2,000 INR in Malagasy Ariary?
2,000 INR is 96,388.71 MGA at the mid-market rate.
How much is 100 MGA in INR?
100 MGA converts to 2.0749 INR at the mid-market rate.
Can I send INR to MGA with MigraPay?
Not yet. MigraPay currently sends from Canada, the United States, the United Kingdom and the euro area to Nigeria, Ghana, Kenya and other destinations, plus USDT and USDC wallets. This page is a reference rate for Indian Rupee to Malagasy Ariary only.
Is the INR to MGA rate the same as the mid-market rate?
Yes. It is the wholesale rate between INR and MGA on the global market. Banks and transfer services add a spread and fees on top, so the rate you are offered will usually be lower.
How often is this exchange rate updated?
About every 30 minutes, from a global market-data provider. The history chart below shows the daily closing rate for the period you pick.
Rates are mid-market reference rates for information only and are not a quote or an offer to transact.