The official currency is the Malagasy Ariary (MGA), which has been reintroduced to replace the Malagasy Franc. Coins and notes display both currencies, but newer notes display the Ariary more prominently than the Franc. One Ariary is equal to five Francs. Foreign currencies can be exchanged at banks and official bureaux de change, but the Ariary cannot be changed back into hard currency. Some banks will only accept US Dollars or Euros. ATMs are available in Antananarivo. Most major credit cards are starting to be accepted in top hotels and major travel agencies in the capital and other major towns, but have limited usage elsewhere.
Currency Exchange Rates
|Madagascar||MGA 100||MGA 1,000||MGA 10,000||MGA 100,000||MGA 1,000,000|
|Australia||AUD 0.04||AUD 0.42||AUD 4.15||AUD 41.51||AUD 415.10|
|Canada||CAD 0.04||CAD 0.41||CAD 4.10||CAD 40.95||CAD 409.54|
|Ireland||EUR 0.03||EUR 0.28||EUR 2.84||EUR 28.42||EUR 284.24|
|New Zealand||NZD 0.04||NZD 0.43||NZD 4.30||NZD 43.03||NZD 430.27|
|South Africa||ZAR 0.46||ZAR 4.57||ZAR 45.75||ZAR 457.48||ZAR 4,574.76|
|United Kingdom||GBP 0.02||GBP 0.24||GBP 2.43||GBP 24.25||GBP 242.51|
|United States of America||USD 0.03||USD 0.31||USD 3.14||USD 31.40||USD 313.97|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
Become our Madagascar Travel Expert
We are looking for contributors for our Madagascar travel guide. If you are a local, a regular traveller to Madagascar or a travel professional with time to contribute and answer occasional forum questions, please contact us.
Intrepid Travel is one of the world's leading suppliers of small group adventures focused on getting off the beaten track and having real life experiences in Madagascar.