MGA to EUR Exchange Rate History

Yearly and monthly average Malagasy Ariary/Euro rates since 2021, with charts.

MGA to EUR Chart

Malagasy Ariary to Euro, 2021–2026
MGA to EUR exchange rate history chart, 2021 to 2026.

MGA to EUR rate on a specific date

Pick any date back to 2021 to see that day’s mid-market rate. Weekends and holidays use the closest earlier trading day.

MGA to EUR Rate by Year

Average, high and low mid-market rates for 1 Malagasy Ariary in Euro, every year since 2021. Click a year for its monthly breakdown.

MGA/EUR averaged 0.00020000 EUR per MGA in September 2026, unchanged from August. Across 2021–2026 the yearly average has been 0.00020967 EUR per MGA, and the biggest single-year move came in 2025, when the rate fell 8.58%.

Year Average High Low Change
2026 0.00020100 0.00020900 0.00018500 +6.74%
2025 0.00019600 0.00020900 0.00018700 −8.58%
2024 0.00020400 0.00021500 0.00019600 +3.76%
2023 0.00020800 0.00022200 0.00019700 −5.56%
2022 0.00023000 0.00025100 0.00020900 −5.57%
2021 0.00021900 0.00022400 0.00021500 +2.94%

Change compares each year’s closing rate with its opening rate. Source: daily mid-market rates. First and last years may be partial.

MGA to EUR in 2026 by Month

Monthly average, high and low mid-market rates for 1 Malagasy Ariary in Euro this year, newest first.

Month Average High Low
September 2026 0.00020000 0.00020100 0.00019900
August 2026 0.00020000 0.00020200 0.00019900
July 2026 0.00020500 0.00020700 0.00020200
June 2026 0.00020700 0.00020800 0.00020500
May 2026 0.00020500 0.00020700 0.00020400
April 2026 0.00020600 0.00020800 0.00020400
March 2026 0.00020400 0.00020900 0.00020000
February 2026 0.00019200 0.00020100 0.00018900
January 2026 0.00018800 0.00019000 0.00018500

See 2026 in detail with a daily chart

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