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.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Days without a quotation are not interpolated: the series keeps only observations that were actually received.
Compare several periods before a trip, an international transfer or a foreign-currency invoice. The average, minimum and maximum provide a quick reference, while the table enables a date-by-date check.
Couverture du au , en UTC.
| Date UTC | Rate | Change | Nature |
|---|---|---|---|
| 0,00023474 | +1.21% | Market | |
| 0,00023193 | +0% | Market | |
| 0,00023193 | +0% | Market | |
| 0,00023193 | -1.84% | Market | |
| 0,00023627 | +1.36% | Market | |
| 0,0002331 | -0.35% | Market | |
| 0,00023392 | -0.12% | Market | |
| 0,00023419 | +2.78% | Market | |
| 0,00022786 | -2.01% | Market | |
| 0,00023253 | -0.98% | Market | |
| 0,00023484 | +0.16% | Market | |
| 0,00023447 | +0.12% | Market | |
| 0,00023419 | -0.57% | Market | |
| 0,00023554 | -0.91% | Market | |
| 0,0002377 | +1.94% | Market | |
| 0,00023317 | -0.79% | Market | |
| 0,00023502 | -1.54% | Market | |
| 0,00023869 | — | Market |
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.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Displayed source: api.forex. Indicative values are used only as a visual fallback.