Historical Exchange Rates
MGA to INR Historical Exchange Rates
Review date-based historical exchange-rate data for Malagasy Ariary and Indian Rupee. This page is designed for historical lookup, not current conversion.
Showing the 1Y range. Providers may omit weekends, holidays or dates without published data.
Data source: Frankfurter | Rate date:
Historical Chart
MGA/INR range data
1 MGA = 0.02246702 INR on
Monthly and annual reference summary
Calculated from available daily provider observations for 2026-07 and 2026.
| Date | Rate |
|---|---|
| 2026-07-08 | 1 MGA = 0.02247679 INR |
| 2026-07-09 | 1 MGA = 0.02251626 INR |
| 2026-07-10 | 1 MGA = 0.02242661 INR |
| 2026-07-13 | 1 MGA = 0.02244262 INR |
| 2026-07-14 | 1 MGA = 0.02258016 INR |
| 2026-07-15 | 1 MGA = 0.02260161 INR |
| 2026-07-16 | 1 MGA = 0.02249651 INR |
| 2026-07-17 | 1 MGA = 0.02260796 INR |
| 2026-07-20 | 1 MGA = 0.02261951 INR |
| 2026-07-21 | 1 MGA = 0.02243494 INR |
| 2026-07-22 | 1 MGA = 0.02250434 INR |
| 2026-07-23 | 1 MGA = 0.0225565 INR |
| 2026-07-24 | 1 MGA = 0.02250814 INR |
| 2026-07-27 | 1 MGA = 0.02258076 INR |
| 2026-07-28 | 1 MGA = 0.02246702 INR |
Historical trend summary
Observed changes in MGA/INR
Across 255 provider observations from to , MGA/INR finished above its first observation. The observed change was +14.98%.
The lowest observed rate was 1 MGA = 0.01952548 INR on . The highest was 1 MGA = 0.02307953 INR on . These statements describe the selected data only and are not a forecast.
Historical Context
Understanding MGA/INR historical data
MGA/INR records how many indian rupee units one malagasy ariary represented at each provider publication. Malagasy Ariary is associated with Madagascar, while Indian Rupee is associated with India. 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 These are historical reference observations, not intraday transaction prices, forecasts or evidence that a single factor caused a particular change.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.