Historical Exchange Rates
MAD to MGA Historical Exchange Rates
Review date-based historical exchange-rate data for Moroccan Dirham 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
MAD/MGA range data
1 MAD = 463.878409 MGA on
Monthly and annual reference summary
Calculated from available daily provider observations for 2026-10 and 2026.
| Date | Rate |
|---|---|
| 2026-09-28 | 1 MAD = 456.644593 MGA |
| 2026-09-29 | 1 MAD = 455.02319 MGA |
| 2026-09-30 | 1 MAD = 455.204073 MGA |
| 2026-10-01 | 1 MAD = 453.479481 MGA |
| 2026-10-02 | 1 MAD = 452.745166 MGA |
| 2026-10-05 | 1 MAD = 446.764188 MGA |
| 2026-10-06 | 1 MAD = 443.942188 MGA |
| 2026-10-07 | 1 MAD = 446.15323 MGA |
| 2026-10-08 | 1 MAD = 447.449302 MGA |
| 2026-10-09 | 1 MAD = 450.226728 MGA |
| 2026-10-12 | 1 MAD = 460.661106 MGA |
| 2026-10-13 | 1 MAD = 462.987053 MGA |
| 2026-10-14 | 1 MAD = 460.016505 MGA |
| 2026-10-15 | 1 MAD = 459.794402 MGA |
| 2026-10-16 | 1 MAD = 463.878409 MGA |
Historical trend summary
Observed changes in MAD/MGA
Across 20 provider observations from to , MAD/MGA finished above its first observation. The observed change was +0.89%.
The lowest observed rate was 1 MAD = 443.942188 MGA on . The highest was 1 MAD = 463.878409 MGA on . These statements describe the selected data only and are not a forecast.
Historical Context
Understanding MAD/MGA historical data
MAD/MGA records how many malagasy ariary units one moroccan dirham represented at each provider publication. Both currencies are associated with Africa, but they remain separate monetary units with their own issuing and policy arrangements. 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: 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 These are historical reference observations, not intraday transaction prices, forecasts or evidence that a single factor caused a particular change.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.