The MGA/USD pair shows how many Malagasy Ariary are needed to buy one US Dollar, reflecting Madagascar's economic ties with the United States.
The curve shows the change in one unit of MGA expressed in USD. An upward slope means the base currency is strengthening relative to the quote currency; a downward slope indicates the opposite.
Use the 7-day, 30-day or 1-year periods to distinguish a short movement from a more lasting trend.
Volatility can reflect central-bank announcements, economic data, trade flows or risk sentiment. A chart is not a forecast: it describes the observations available for the selected period.
Du au · 19 observations
The MGA/USD currency pair represents the exchange rate between the Malagasy Ariary (MGA), the official currency of Madagascar, and the US Dollar (USD), the world's primary reserve currency. This directed quote indicates how many Ariary are required to purchase one US Dollar. An appreciation of the base currency (MGA) means that fewer Ariary are needed to buy one Dollar, signaling a stronger Ariary. This pair is relevant for international trade, tourism, and remittances between Madagascar and the United States, as well as for investors exposed to the region.
Structural drivers of the MGA/USD exchange rate include the monetary policies of the Central Bank of Madagascar (Banky Foiben'i Madagasikara) and the US Federal Reserve. Interest rate differentials, inflation rates, and economic growth in both countries significantly influence the pair. Madagascar's economy is heavily reliant on agriculture, mining, and tourism, making it sensitive to commodity prices and external demand. Capital flows, foreign direct investment, and risk sentiment also play roles, as does the USD's status as a safe-haven currency during global uncertainty.
Over the past several years, the MGA/USD exchange rate has experienced gradual depreciation of the Ariary against the Dollar, driven by structural trade deficits and periodic external shocks. However, without specific historical data, it is important to note that the pair is subject to fluctuations based on domestic economic reforms, political stability, and global market conditions. The Central Bank of Madagascar occasionally intervenes to manage volatility, but the overall trend reflects the country's economic fundamentals relative to the United States.
This analysis is provided for information only and is neither a forecast nor financial advice.
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| Date UTC | Rate | Change |
|---|---|---|
| 0,00023236 | +0% | |
| 0,00023236 | -1.93% | |
| 0,00023694 | +2.16% | |
| 0,00023193 | +0% | |
| 0,00023193 | -1.84% | |
| 0,00023627 | +1.36% | |
| 0,0002331 | -0.35% | |
| 0,00023392 | -0.12% |
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Displayed source: api.forex. Indicative values are used only as a visual fallback.