NGN to MGA exchange rate
Nigerian Naira to Malagasy Ariary currency converter at the live mid-market rate.
Reference rate (mid-market)
1 NGN = 3.3761 MGA
1 MGA = 0.2962 NGN
Rate as of . Market reference rate, updated about every 30 minutes.
Reference rate only. MigraPay does not currently support sending Nigerian Naira (NGN) 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 NGN = 0.00 MGA
Mid-market reference rate, not a MigraPay quote
NGN to MGA conversion tables
Popular amounts at today's rate, in both directions.
| NGN | MGA |
|---|---|
| 1 NGN | 3.3761 MGA |
| 5 NGN | 16.8805 MGA |
| 10 NGN | 33.7611 MGA |
| 20 NGN | 67.5222 MGA |
| 50 NGN | 168.81 MGA |
| 100 NGN | 337.61 MGA |
| 200 NGN | 675.22 MGA |
| 500 NGN | 1,688.05 MGA |
| 1,000 NGN | 3,376.11 MGA |
| 2,000 NGN | 6,752.22 MGA |
| 5,000 NGN | 16,880.55 MGA |
| 10,000 NGN | 33,761.09 MGA |
| MGA | NGN |
|---|---|
| 1 MGA | 0.2962 NGN |
| 5 MGA | 1.481 NGN |
| 10 MGA | 2.962 NGN |
| 20 MGA | 5.924 NGN |
| 50 MGA | 14.8099 NGN |
| 100 MGA | 29.6199 NGN |
| 200 MGA | 59.2398 NGN |
| 500 MGA | 148.1 NGN |
| 1,000 MGA | 296.2 NGN |
| 2,000 MGA | 592.4 NGN |
| 5,000 MGA | 1,480.99 NGN |
| 10,000 MGA | 2,961.99 NGN |
NGN to MGA exchange rate history
Market rate over time, with the high, low and average for any period you pick.
About the Nigerian Naira and the Malagasy Ariary
About the Nigerian Naira (NGN)
- Symbol
- ₦
- Issued by
- Central Bank of Nigeria
- Used in
- Nigeria
- Subunit
- 100 kobo
The naira is the currency of Africa’s most populous country. Since the 2023 move toward a unified market rate it has traded more freely, so the naira rate can change noticeably from day to day. MigraPay quotes the live market rate at the moment you send.
Why the NGN to MGA rate changes
The Nigerian Naira 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 NGN 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 NGN 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 NGN and other MGA rates
- MGA to NGN
- MGA to CAD
- 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 INR
- 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
NGN to other currencies
Other currencies to MGA
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NGN to MGA FAQ
What is the NGN to MGA exchange rate today?
1 Nigerian Naira (NGN) is 3.3761 Malagasy Ariary (MGA), as of 26 Oct 2026, 20:05 UTC. This is the mid-market reference rate, updated about every 30 minutes.
How much is 100 NGN in Malagasy Ariary?
100 NGN is 337.61 MGA at the mid-market rate.
How much is 1,000 NGN in MGA?
1,000 NGN converts to 3,376.11 MGA at the mid-market rate.
How much is 2,000 NGN in Malagasy Ariary?
2,000 NGN is 6,752.22 MGA at the mid-market rate.
How much is 100 MGA in NGN?
100 MGA converts to 29.6199 NGN at the mid-market rate.
Can I send NGN 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 Nigerian Naira to Malagasy Ariary only.
Is the NGN to MGA rate the same as the mid-market rate?
Yes. It is the wholesale rate between NGN 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.