Historical Exchange Rates
BTN to MGA Historical Exchange Rates
Review date-based historical exchange-rate data for Bhutanese Ngultrum and Malagasy Ariary. This page is designed for historical lookup, not current conversion.
Showing the 30D range. Providers may omit weekends, holidays or dates without published data.
Data source: Frankfurter | Rate date:
Historical Chart
BTN/MGA range data
1 BTN = 48.305012 MGA on
Monthly and annual reference summary
Calculated from available daily provider observations for 2026-10 and 2026.
| Date | Rate |
|---|---|
| 2026-10-06 | 1 BTN = 45.990032 MGA |
| 2026-10-07 | 1 BTN = 46.147342 MGA |
| 2026-10-08 | 1 BTN = 46.178564 MGA |
| 2026-10-09 | 1 BTN = 46.228246 MGA |
| 2026-10-12 | 1 BTN = 46.820782 MGA |
| 2026-10-13 | 1 BTN = 47.255707 MGA |
| 2026-10-14 | 1 BTN = 47.468461 MGA |
| 2026-10-15 | 1 BTN = 47.547416 MGA |
| 2026-10-16 | 1 BTN = 47.786707 MGA |
| 2026-10-19 | 1 BTN = 47.956558 MGA |
| 2026-10-20 | 1 BTN = 48.024465 MGA |
| 2026-10-21 | 1 BTN = 48.314271 MGA |
| 2026-10-22 | 1 BTN = 48.348309 MGA |
| 2026-10-23 | 1 BTN = 48.128614 MGA |
| 2026-10-26 | 1 BTN = 48.305012 MGA |
Historical trend summary
Observed changes in BTN/MGA
Across 21 provider observations from to , BTN/MGA finished above its first observation. The observed change was +5.40%.
The lowest observed rate was 1 BTN = 45.811549 MGA on . The highest was 1 BTN = 48.348309 MGA on . These statements describe the selected data only and are not a forecast.
Historical Context
Understanding BTN/MGA historical data
BTN/MGA records how many malagasy ariary units one bhutanese ngultrum represented at each provider publication. Bhutanese Ngultrum is associated with Bhutan, while Malagasy Ariary is associated with Madagascar. The series can support dated price comparisons, cross-currency records and research into how the relationship changed over the selected period.
Observed movement can reflect relative inflation, economic activity, monetary-policy conditions, trade and demand for the two currencies. The documented exchange-rate arrangements also provide context: The Bhutanese ngultrum is maintained at one-to-one parity with the Indian rupee.; Market-based exchange-rate framework. These are historical reference observations, not intraday transaction prices, forecasts or evidence that a single factor caused a particular change.
Exchange-rate information is provided for reference only and is not financial, trading or investment advice.
Source and calculation method
CurrencyHub preserves the requested date separately from the actual provider publication date. Monthly and annual averages are arithmetic means of available daily observations, and the month-end value is the final published observation in that calendar month. No missing weekend or holiday rate is invented or interpolated. Review the policy that applies to any accounting, tax or legal use.
Data interpretation note
These observations are reference rates for comparison and research, not bank execution prices. A requested weekend or holiday may have no publication because the provider follows its own release calendar; CurrencyHub identifies the actual published date instead of inventing or interpolating a value. Banks and payment services can use different processing dates, spreads and fees.