Malagasy Ariary to Indian Rupee

0.022686INR

for 1 Malagasy Ariary

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

How MGA to INR has moved

MGA to INR▲ 21.80%

quarterly readings — this pair has no daily source

MGA to INR at 0.022686
Amount	In INR	Reverse
1.00 MGA	0.02 INR	44.08 MGA
5.00 MGA	0.11 INR	220.40 MGA
10.00 MGA	0.23 INR	440.81 MGA
25.00 MGA	0.57 INR	1,102 MGA
50.00 MGA	1.13 INR	2,204 MGA
100.00 MGA	2.27 INR	4,408 MGA
250.00 MGA	5.67 INR	11,020 MGA
500.00 MGA	11.34 INR	22,040 MGA
1,000 MGA	22.69 INR	44,081 MGA
2,500 MGA	56.71 INR	110,201 MGA
5,000 MGA	113.43 INR	220,403 MGA
10,000 MGA	226.86 INR	440,805 MGA

Sending money there?

We pay out in Indian rupees

Transfers to India go from the United States and the euro area. See the routes, the fees and how the money arrives.

Routes to India

Common questions

How much is 100 Malagasy Ariary in Indian Rupee?

At the reference rate of 0.022686, 100 MGA is 2.27 INR. 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 MGA to INR moved?

Across the quarterly readings we hold, the rate ranged from 0.018135 to 0.022646. A rate that moves this much is worth checking on the day you send.

What is INR?

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

Where this rate comes from

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

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.