Historical Exchange Rates
MGA to BTN Historical Exchange Rates
Review date-based historical exchange-rate data for Malagasy Ariary and Bhutanese Ngultrum. This page is designed for historical lookup, not current conversion.
Showing the 3M range. Providers may omit weekends, holidays or dates without published data.
Data source: Frankfurter | Rate date:
Historical Chart
MGA/BTN range data
1 MGA = 0.02070179 BTN on
Monthly and annual reference summary
Calculated from available daily provider observations for 2026-10 and 2026.
| Date | Rate |
|---|---|
| 2026-10-06 | 1 MGA = 0.02174384 BTN |
| 2026-10-07 | 1 MGA = 0.02166972 BTN |
| 2026-10-08 | 1 MGA = 0.02165507 BTN |
| 2026-10-09 | 1 MGA = 0.0216318 BTN |
| 2026-10-12 | 1 MGA = 0.02135804 BTN |
| 2026-10-13 | 1 MGA = 0.02116147 BTN |
| 2026-10-14 | 1 MGA = 0.02106662 BTN |
| 2026-10-15 | 1 MGA = 0.02103164 BTN |
| 2026-10-16 | 1 MGA = 0.02092632 BTN |
| 2026-10-19 | 1 MGA = 0.02085221 BTN |
| 2026-10-20 | 1 MGA = 0.02082272 BTN |
| 2026-10-21 | 1 MGA = 0.02069782 BTN |
| 2026-10-22 | 1 MGA = 0.02068325 BTN |
| 2026-10-23 | 1 MGA = 0.02077766 BTN |
| 2026-10-26 | 1 MGA = 0.02070179 BTN |
Historical trend summary
Observed changes in MGA/BTN
Across 64 provider observations from to , MGA/BTN finished below its first observation. The observed change was -6.95%.
The lowest observed rate was 1 MGA = 0.02068325 BTN on . The highest was 1 MGA = 0.02229601 BTN on . These statements describe the selected data only and are not a forecast.
Historical Context
Understanding MGA/BTN historical data
MGA/BTN records how many bhutanese ngultrum units one malagasy ariary represented at each provider publication. Malagasy Ariary is associated with Madagascar, while Bhutanese Ngultrum is associated with Bhutan. 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; The Bhutanese ngultrum is maintained at one-to-one parity with the Indian rupee.. These are historical reference observations, not intraday transaction prices, forecasts or evidence that a single factor caused a particular change.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.