Historical Exchange Rates
NGN to MGA Historical Exchange Rates
Review date-based historical exchange-rate data for Nigerian Naira and Malagasy Ariary. 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
NGN/MGA range data
1 NGN = 3.377485 MGA on
Monthly and annual reference summary
Calculated from available daily provider observations for 2026-10 and 2026.
| Date | Rate |
|---|---|
| 2026-10-06 | 1 NGN = 3.333484 MGA |
| 2026-10-07 | 1 NGN = 3.348405 MGA |
| 2026-10-08 | 1 NGN = 3.357494 MGA |
| 2026-10-09 | 1 NGN = 3.361213 MGA |
| 2026-10-12 | 1 NGN = 3.384448 MGA |
| 2026-10-13 | 1 NGN = 3.392484 MGA |
| 2026-10-14 | 1 NGN = 3.390986 MGA |
| 2026-10-15 | 1 NGN = 3.397904 MGA |
| 2026-10-16 | 1 NGN = 3.413028 MGA |
| 2026-10-19 | 1 NGN = 3.416565 MGA |
| 2026-10-20 | 1 NGN = 3.420965 MGA |
| 2026-10-21 | 1 NGN = 3.42999 MGA |
| 2026-10-22 | 1 NGN = 3.430475 MGA |
| 2026-10-23 | 1 NGN = 3.400344 MGA |
| 2026-10-26 | 1 NGN = 3.377485 MGA |
Historical trend summary
Observed changes in NGN/MGA
Across 255 provider observations from to , NGN/MGA finished above its first observation. The observed change was +9.48%.
The lowest observed rate was 1 NGN = 2.958672 MGA on . The highest was 1 NGN = 3.430475 MGA on . These statements describe the selected data only and are not a forecast.
Historical Context
Understanding NGN/MGA historical data
NGN/MGA records how many malagasy ariary units one nigerian naira 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 These are historical reference observations, not intraday transaction prices, forecasts or evidence that a single factor caused a particular change.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.