Indian Rupee to Malagasy Ariary

44.0805MGA

for 1 Indian Rupee

European Central Bank
U.S. Department of the Treasury
30 June 2026
Official quarterly rate

How INR to MGA has moved

INR to MGA▼ 17.90%

quarterly readings — this pair has no daily source

INR to MGA at 44.0805
Amount	In MGA	Reverse
1.00 INR	44.08 MGA	0.02 INR
5.00 INR	220.40 MGA	0.11 INR
10.00 INR	440.81 MGA	0.23 INR
25.00 INR	1,102 MGA	0.57 INR
50.00 INR	2,204 MGA	1.13 INR
100.00 INR	4,408 MGA	2.27 INR
250.00 INR	11,020 MGA	5.67 INR
500.00 INR	22,040 MGA	11.34 INR
1,000 INR	44,081 MGA	22.69 INR
2,500 INR	110,201 MGA	56.71 INR
5,000 INR	220,403 MGA	113.43 INR
10,000 INR	440,805 MGA	226.86 INR

Receiving money in India?

Transfers to India arrive in Indian rupees

Money reaches India from the United States and the euro area. See which routes we run, what they cost and how the money lands.

Routes to India

Common questions

How much is 100 Indian Rupee in Malagasy Ariary?

At the reference rate of 44.0805, 100 INR is 4,408 MGA. The table above shows other amounts at the same rate.

Is this the rate I will get when I send money?

No. This is a reference rate published by a central bank or a treasury as a benchmark. Every provider adds a fee, a margin on the rate, or both. Compare the amount your recipient actually receives, not the rate on its own.

How has INR to MGA moved?

Across the quarterly readings we hold, the rate ranged from 44.1580 to 55.1412. A rate that moves this much is worth checking on the day you send.

What is MGA?

Malagasy Ariary is the currency with ISO code MGA. Indian Rupee carries the code INR. Both codes come from the ISO 4217 register.

Where this rate comes from

INR — daily reference rate published by European Central Bank, 2026-09-08
MGA — official quarterly rate published by U.S. Department of the Treasury, 2026-06-30

Rates between two currencies are derived from their rates against the US dollar, which is how a cross rate is calculated. These are reference rates published for information: central banks state plainly that they are not intended for transactions. The rate any provider gives you, including us, includes their fee and their margin — compare the amount that actually arrives, not the rate on its own. Corrections: [email protected].

Who we are

PayerPay is operated by PAYER PAY INTERNATIONAL INC (Company ID BC1526086), registered with the Financial Transactions and Reports Analysis Centre of Canada under MSB registration C100001025 and with the Bank of Canada under the Retail Payment Activities Act. Payment details are issued through licensed banking partners.