MGA to RWF exchange rate
Malagasy Ariary to Rwandan Franc currency converter at the live mid-market rate.
Reference rate (mid-market)
1 MGA = 0.3414 RWF
1 RWF = 2.9289 MGA
Rate as of . Market reference rate, updated about every 30 minutes.
Reference rate only. MigraPay does not currently support sending Malagasy Ariary (MGA) to Rwandan Franc (RWF). 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 MGA = 0.0000 RWF
Mid-market reference rate, not a MigraPay quote
MGA to RWF conversion tables
Popular amounts at today's rate, in both directions.
| MGA | RWF |
|---|---|
| 1 MGA | 0.3414 RWF |
| 5 MGA | 1.7071 RWF |
| 10 MGA | 3.4142 RWF |
| 20 MGA | 6.8285 RWF |
| 50 MGA | 17.0711 RWF |
| 100 MGA | 34.1423 RWF |
| 200 MGA | 68.2846 RWF |
| 500 MGA | 170.71 RWF |
| 1,000 MGA | 341.42 RWF |
| 2,000 MGA | 682.85 RWF |
| 5,000 MGA | 1,707.11 RWF |
| 10,000 MGA | 3,414.23 RWF |
| RWF | MGA |
|---|---|
| 1 RWF | 2.9289 MGA |
| 5 RWF | 14.6446 MGA |
| 10 RWF | 29.2892 MGA |
| 20 RWF | 58.5784 MGA |
| 50 RWF | 146.45 MGA |
| 100 RWF | 292.89 MGA |
| 200 RWF | 585.78 MGA |
| 500 RWF | 1,464.46 MGA |
| 1,000 RWF | 2,928.92 MGA |
| 2,000 RWF | 5,857.84 MGA |
| 5,000 RWF | 14,644.6 MGA |
| 10,000 RWF | 29,289.2 MGA |
MGA to RWF exchange rate history
Market rate over time, with the high, low and average for any period you pick.
About the Malagasy Ariary and the Rwandan Franc
About the Rwandan Franc (RWF)
- Symbol
- FRw
- Issued by
- National Bank of Rwanda
- Used in
- Rwanda
- Subunit
- 100 centimes
The Rwandan franc is a managed currency that has depreciated gradually against the dollar. MTN Mobile Money and Airtel Money are the most common payout methods in Rwanda.
Why the MGA to RWF rate changes
The Malagasy Ariary to Rwandan Franc 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 MGA to RWF 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 MGA to RWF rate you are offered will usually be lower than the figure here. Use it as the benchmark to judge any quote.
More exchange rates
RWF to MGA and other RWF rates
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MGA to other currencies
Other currencies to RWF
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MGA to RWF FAQ
What is the MGA to RWF exchange rate today?
1 Malagasy Ariary (MGA) is 0.3414 Rwandan Franc (RWF), as of 11 Sept 2026, 18:23 UTC. This is the mid-market reference rate, updated about every 30 minutes.
How much is 100 MGA in Rwandan Franc?
100 MGA is 34.1423 RWF at the mid-market rate.
How much is 1,000 MGA in RWF?
1,000 MGA converts to 341.42 RWF at the mid-market rate.
How much is 2,000 MGA in Rwandan Franc?
2,000 MGA is 682.85 RWF at the mid-market rate.
How much is 100 RWF in MGA?
100 RWF converts to 292.89 MGA at the mid-market rate.
Can I send MGA to RWF 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 Malagasy Ariary to Rwandan Franc only.
Is the MGA to RWF rate the same as the mid-market rate?
Yes. It is the wholesale rate between MGA and RWF 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.