EUR to MGA in 2023
Monthly average Euro/Malagasy Ariary exchange rates in 2023, with the year’s high, low and change.
1 Euro in Malagasy Ariary, mid-market. 2023 opened at 4,779.42 and closed at 5,060.57.
EUR to MGA Chart, 2023
EUR to MGA by Month, 2023
Monthly average, high and low mid-market rates for 1 Euro in Malagasy Ariary during 2023.
| Month | Average | High | Low |
|---|---|---|---|
| January 2023 | 4,745.61 | 4,928.54 | 4,601.03 |
| February 2023 | 4,579.40 | 4,692.64 | 4,497.49 |
| March 2023 | 4,581.16 | 4,723.87 | 4,494.93 |
| April 2023 | 4,796.56 | 4,883.82 | 4,647.69 |
| May 2023 | 4,784.18 | 4,867.79 | 4,717.99 |
| June 2023 | 4,860.35 | 4,988.72 | 4,711.86 |
| July 2023 | 4,993.32 | 5,084.47 | 4,908.68 |
| August 2023 | 4,920.17 | 4,967.36 | 4,884.48 |
| September 2023 | 4,831.85 | 4,900.13 | 4,776.89 |
| October 2023 | 4,784.81 | 4,833.96 | 4,662.32 |
| November 2023 | 4,894.25 | 4,995.54 | 4,736.76 |
| December 2023 | 4,989.39 | 5,074.67 | 4,884.73 |
Source: daily mid-market rates. Averages are over trading days.
EUR/MGA in 2023: key facts
In 2023, 1 Euro was worth 4,814.99 MGA on average. The pair opened 2023 at 4,779.42 and closed at 5,060.57 — a change of +5.88%. The 2023 high was 5,084.47 MGA and the low was 4,494.93 MGA, based on 365 trading days of daily mid-market rates.
July had 2023’s highest monthly average at 4,993.32 MGA per EUR; February had the lowest, at 4,579.40 MGA.
EUR/MGA 2023 FAQ
What was the average EUR/MGA rate in 2023?
In 2023, 1 EUR was worth 4,814.99 MGA on average, ranging between a low of 4,494.93 and a high of 5,084.47 MGA over the year.
Which month had the EUR/MGA rate highest and lowest in 2023?
July had the highest average rate in 2023, at 4,993.32 MGA per EUR; February had the lowest, at 4,579.40 MGA.