INR to MGA exchange rate
Indian rupee to Malagasy ariary
1 INR = 48.3111 MGA
1 MGA = 0.0206992 INR
Calculated from the euro rates published by Banca d'Italia and the European Central Bank on Friday, 23 October 2026.
INR to MGA in common amounts
| INR | MGA |
|---|---|
| 1 | 48.3111 |
| 5 | 241.556 |
| 10 | 483.111 |
| 25 | 1,207.78 |
| 50 | 2,415.56 |
| 100 | 4,831.11 |
| 250 | 12,077.8 |
| 500 | 24,155.6 |
| 1,000 | 48,311.1 |
| 5,000 | 241,556 |
| 10,000 | 483,111 |
| MGA | INR |
|---|---|
| 1 | 0.0206992 |
| 5 | 0.103496 |
| 10 | 0.206992 |
| 25 | 0.517479 |
| 50 | 1.03496 |
| 100 | 2.06992 |
| 250 | 5.17479 |
| 500 | 10.3496 |
| 1,000 | 20.6992 |
| 5,000 | 103.496 |
| 10,000 | 206.992 |
One year of INR to MGA
- High
- 51.4901
- 24 October 2025
- Low
- 43.2231
- 20 May 2026
- 30 days
- +5.32%
- 90 days
- +8.48%
- 1 year
- −6.12%
Last 30 working days
| Date | 1 INR in MGA | Change |
|---|---|---|
| 23 October 2026 | 48.3111 | −0.10% |
| 22 October 2026 | 48.36 | −0.22% |
| 21 October 2026 | 48.4662 | +0.48% |
| 20 October 2026 | 48.2332 | +0.18% |
| 19 October 2026 | 48.1488 | +0.24% |
| 16 October 2026 | 48.0347 | +0.33% |
| 15 October 2026 | 47.8761 | +0.42% |
| 14 October 2026 | 47.6737 | +0.13% |
| 13 October 2026 | 47.6119 | +0.76% |
| 12 October 2026 | 47.2521 | +1.25% |
| 9 October 2026 | 46.671 | +0.48% |
| 8 October 2026 | 46.4498 | +0.23% |
| 7 October 2026 | 46.3417 | +0.07% |
| 6 October 2026 | 46.3109 | +0.31% |
| 5 October 2026 | 46.1697 | +0.03% |
| 2 October 2026 | 46.1566 | +0.27% |
| 1 October 2026 | 46.0327 | −0.33% |
| 30 September 2026 | 46.184 | +0.45% |
| 29 September 2026 | 45.9761 | +0.16% |
| 28 September 2026 | 45.9049 | −0.04% |
| 25 September 2026 | 45.9246 | +0.15% |
| 24 September 2026 | 45.8565 | −0.03% |
| 23 September 2026 | 45.8688 | +0.07% |
| 22 September 2026 | 45.8374 | +0.39% |
| 21 September 2026 | 45.6601 | +0.16% |
| 18 September 2026 | 45.5881 | +0.25% |
| 17 September 2026 | 45.4759 | +0.24% |
| 16 September 2026 | 45.3667 | +0.15% |
| 15 September 2026 | 45.2972 | −0.27% |
| 14 September 2026 | 45.42 | +0.17% |
Get this rate from the API
Free, with no key. The latest rate:
GET https://theratesapi.com/api/latest?base=INR&symbols=MGA
curl "https://theratesapi.com/api/latest?base=INR&symbols=MGA"
const res = await fetch('https://theratesapi.com/api/latest?base=INR&symbols=MGA')
const data = await res.json()
import requests
data = requests.get('https://theratesapi.com/api/latest?base=INR&symbols=MGA').json()
Or the rate on a given day:
GET https://theratesapi.com/api/2026-10-23?base=INR&symbols=MGA
curl "https://theratesapi.com/api/2026-10-23?base=INR&symbols=MGA"
const res = await fetch('https://theratesapi.com/api/2026-10-23?base=INR&symbols=MGA')
const data = await res.json()
import requests
data = requests.get('https://theratesapi.com/api/2026-10-23?base=INR&symbols=MGA').json()
Questions about INR to MGA
What is the INR to MGA exchange rate today?
The latest reference rate, for Friday, 23 October 2026, is 1 INR = 48.3111 MGA (Indian rupee to Malagasy ariary).
How much is 1 MGA in INR?
1 MGA = 0.0206992 INR at the same rate.
How has INR to MGA changed over the past year?
INR to MGA fell 6.12% in the year to Friday, 23 October 2026. The year's high was 51.4901 on 24 October 2025 and its low 43.2231 on 20 May 2026.
Where does this rate come from?
Calculated from the euro rates published by Banca d'Italia and the European Central Bank on Friday, 23 October 2026. Central banks publish reference rates once each working day, so this is not a live market rate, and banks and payment providers add their own margin.
Can I get this rate from an API?
Yes, free and without a key: https://theratesapi.com/api/latest?base=INR&symbols=MGA returns it as JSON. Put a date such as 2026-10-23 in place of latest for a past day.