Historical Exchange Rates
MGA to MAD Historical Exchange Rates
Review date-based historical exchange-rate data for Malagasy Ariary and Moroccan Dirham. 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/MAD range data
1 MGA = 0.0021944097 MAD on
Monthly and annual reference summary
Calculated from available daily provider observations for 2026-07 and 2026.
| Date | Rate |
|---|---|
| 2026-07-08 | 1 MGA = 0.0022080389 MAD |
| 2026-07-09 | 1 MGA = 0.0022074101 MAD |
| 2026-07-10 | 1 MGA = 0.0022014725 MAD |
| 2026-07-13 | 1 MGA = 0.0021935438 MAD |
| 2026-07-14 | 1 MGA = 0.0021964636 MAD |
| 2026-07-15 | 1 MGA = 0.0021933521 MAD |
| 2026-07-16 | 1 MGA = 0.0021768741 MAD |
| 2026-07-17 | 1 MGA = 0.0021899594 MAD |
| 2026-07-20 | 1 MGA = 0.0021922799 MAD |
| 2026-07-21 | 1 MGA = 0.0021813716 MAD |
| 2026-07-22 | 1 MGA = 0.0021908456 MAD |
| 2026-07-23 | 1 MGA = 0.0021912559 MAD |
| 2026-07-24 | 1 MGA = 0.002185666 MAD |
| 2026-07-27 | 1 MGA = 0.0021971299 MAD |
| 2026-07-28 | 1 MGA = 0.0021944097 MAD |
Historical trend summary
Observed changes in MGA/MAD
Across 255 provider observations from to , MGA/MAD finished above its first observation. The observed change was +7.60%.
The lowest observed rate was 1 MGA = 0.0019930426 MAD on . The highest was 1 MGA = 0.0022666272 MAD on . These statements describe the selected data only and are not a forecast.
Historical Context
Understanding MGA/MAD historical data
MGA/MAD records how many moroccan dirham units one malagasy ariary 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 These are historical reference observations, not intraday transaction prices, forecasts or evidence that a single factor caused a particular change.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.