More than exchange rates, Xe sends money to over 190 countries worldwide.
5 MGA to NGN - Convert Malagasy Ariary to Nigerian Nairas
Xe currency converter
1.00 MGA = 0.29240772 NGN
Mid-market rate at 23:37 UTC
Ar
₦
We use the mid-market rate for our Converter. This is for informational purposes only. You won’t receive this rate when sending money. Login to view send rates
MGA to NGN exchange rates today
Convert Malagasy Ariary to Nigerian Naira
Convert Nigerian Naira to Malagasy Ariary
MGA to NGN chart
See your 5 MGA in motion. Our live MGA to NGN chart tracks 12 months of real-time, mid-market rates and shows exactly how much your money was worth at any point in time. Want to know when the rate moves in your favor? Set a rate alert and we’ll let you know when it hits your target.
1 MGA = 0.292408 NGN
Nov 6, 2026, 23:37 UTC
Compare and save
When you compare Xe to leading banks and providers, the difference is clear. Bank-beating rates and no hidden fees mean more value on every transfer.
| Provider |  |  |
|---|---|---|
| Recipient getsSending 20,000.00 GBP | 26,540.00 USD+425.60 USD | 26,114.39 USD-425.60 USD |
| Exchange rate(1GBP → USD) | 1.327000 | 1.306700 |
| Transfer fee | 0.00 GBP | 15.00 GBP |
| Send now |
Sending 20,000.00 GBP
- Exchange rate
- 1.327000
- Transfer fee
- 0.00 GBP
- Recipient gets
- 26,540.00 USD+425.60 USD
- Exchange rate
- 1.306700
- Transfer fee
- 15.00 GBP
- Recipient gets
- 26,114.39 USD-425.60 USD
Rates obtained as of 11/6/2026
The comparison savings are based on a single transfer from GBP 20,000 to USD. Savings are calculated by comparing the exchange rate including margins and fees provided by each bank and Xe on the same day 11/6/2026. The comparison savings provided are only accurate for the given example and may not include all costs and charges. Different currency exchange amounts, currency types, dates, times, and other individual factors will result in different comparison savings. These results may therefore not be indicative of actual savings and should be used for guidance only. The rate comparison chart is updated quarterly.
| Metric | Last 7 days | Last 30 days | Last 90 days |
|---|---|---|---|
| High | 0.2977 | 0.2998 | 0.3170 |
| Low | 0.2929 | 0.2915 | 0.2915 |
| Average | 0.2951 | 0.2950 | 0.3036 |
| Volatility | 0.65% | 0.74% | 0.56% |
MGA to NGN statistics
Over the last 7 days, MGA to NGN moved between 0.2929 and 0.2977. The average was 0.2951 with 0.65% volatility.
Over the last 30 days, MGA to NGN moved between 0.2915 and 0.2998. The average was 0.2950 with 0.74% volatility.
Over the last 90 days, MGA to NGN moved between 0.2915 and 0.3170. The average was 0.3036 with 0.56% volatility.
Manage your currencies on the go with the Xe app
It has everything you need for international money transfers — easy, secure, and low fees starting at $0.
Showing 8 popular currency pairs
Popular Malagasy Ariary (MGA) pairings
International money transfers done right
Xe makes international money transfers simple. See all pricing upfront, get reliable delivery estimates, and track every transfer in real time. Send to 190+ countries in 130+ currencies.
More live MGA currency charts
Currency information
Learn more about the MGA and NGN
MGA - Malagasy Ariary
Our currency rankings show that the most popular Malagasy Ariary exchange rate is the MGA to USD rate. The currency code for Malagasy Ariary is MGA. The currency symbol is Ar.
More Malagasy Ariary info
NGN - Nigerian Naira
Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. The currency code for Nigerian Nairas is NGN. The currency symbol is ₦.
More Nigerian Naira infoXe for business
Global business payments simplified.
Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers across 130 currencies in 190+ countries.
MGA to NGN frequently asked questions