Sol to Malagasy Ariary

1,246MGA

for 1 Sol

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

How PEN to MGA has moved

PEN to MGA▲ 3.36%

quarterly readings — this pair has no daily source

PEN to MGA at 1,246
Amount	In MGA	Reverse
1.00 PEN	1,246 MGA	0.00 PEN
5.00 PEN	6,230 MGA	0.00 PEN
10.00 PEN	12,461 MGA	0.01 PEN
25.00 PEN	31,151 MGA	0.02 PEN
50.00 PEN	62,303 MGA	0.04 PEN
100.00 PEN	124,605 MGA	0.08 PEN
250.00 PEN	311,514 MGA	0.20 PEN
500.00 PEN	623,027 MGA	0.40 PEN
1,000 PEN	1,246,055 MGA	0.80 PEN
2,500 PEN	3,115,137 MGA	2.01 PEN
5,000 PEN	6,230,274 MGA	4.01 PEN
10,000 PEN	12,460,548 MGA	8.03 PEN

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Common questions

How much is 100 Sol in Malagasy Ariary?

At the reference rate of 1,246, 100 PEN is 124,605 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 PEN to MGA moved?

Across the quarterly readings we hold, the rate ranged from 1,162 to 1,330. 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. Sol carries the code PEN. Both codes come from the ISO 4217 register.

Where this rate comes from

PEN — daily reference rate published by Bank of Canada, 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.