MGA to CVE

Convert [custom_amount]Malagasy Ariary to Cape Verdean Escudo

[dual_flag country1=”mg” country2=”cv” overlap=”-10%” width=”100%” height=”auto” class=”rounded-flag” style=”border-radius: 50%;” border=”1px solid #000″]

1 MGA = 0.0221 CVE

Rule of thumb

When you are abroad and you just want to get a quick estimate, use this rule of thumb:

[rule_of_thumb currency1=”MGA” currency2=”CVE” currency1_name=”Malagasy Ariary” currency2_name=”Cape Verdean Escudo”]

How to convert [custom_amount]Malagasy Ariary to Cape Verdean Escudo

Converting currencies can be done through various channels. Currency exchange services at banks or online platforms offer a straightforward solution—simply input the amount and desired currency. Online converters and ATMs also provide convenient options, while credit cards automatically handle conversions during international transactions.

How much does it cost to convert MGA to CVE

The cost of converting MGA to CVE depends on the method chosen. Exchange services may charge fees or offer slightly different rates. Online platforms and ATMs may have transaction fees, and credit cards might include foreign transaction fees. It’s essential to compare options and consider associated costs before deciding on a conversion method.

Malagasy Ariary to Cape Verdean Escudos conversion rates

1 MGA0.02 CVE
5 MGA0.11 CVE
10 MGA0.22 CVE
20 MGA0.44 CVE
50 MGA1.10 CVE
100 MGA2.21 CVE
250 MGA5.52 CVE
500 MGA11.05 CVE
1000 MGA22.09 CVE
2000 MGA44.18 CVE
5000 MGA110.46 CVE
10000 MGA220.91 CVE
1 CVE45.27 MGA
5 CVE226.34 MGA
10 CVE452.67 MGA
20 CVE905.34 MGA
50 CVE2,263.36 MGA
100 CVE4,526.71 MGA
250 CVE11,316.78 MGA
500 CVE22,633.56 MGA
1000 CVE45,267.12 MGA
2000 CVE90,534.23 MGA
5000 CVE226,335.58 MGA
10000 CVE452,671.16 MGA

Top Currency Pairings for Malagasy Ariary

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CVE to MGA
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MGA to USD
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MGA to EUR
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MGA to JPY
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MGA to GBP
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MGA to AUD
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MGA to CAD
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MGA to CHF
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MGA to CNY
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MGA to SEK
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MGA to NZD
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MGA to MXN
Looking for another MGA currency pair?

How to transfer money? And how long does it take?

Peer-to-peer payment apps like Venmo or PayPal offer quick transactions. Wire transfers through banks are an option but can take a few days. Cryptocurrencies, such as Bitcoin or Ethereum, provide a decentralized alternative for transferring funds globally, offering speed and some degree of anonymity.

Look out for exchange scams

Look out forDescription
Unofficial Currency ExchangesStreet individuals and kioks may offer attractive rates and/or give counterfeit currency. Use established offices for safety.
Dynamic Currency ConversionSome ATMs offer less favorable exchange rates. Opt for local currency to avoid extra fees during transactions.
Overcharging at Exchange OfficesTourist-heavy areas may charge higher fees. Compare rates and be aware of additional fees before transactions.
Fake Banknote SwitchBe cautious during exchanges to prevent scammers from switching real currency with counterfeits. Count money carefully.
Inflated CommissionsExchange offices may have hidden fees. Inquire about the total cost, including commissions, before exchanging money.
Always know exactly how the coins and notes from the currency look like. Know or ask about exchange rate and fees beforehand and count your money carefully afterwards. Look at the chart, when was the last price update? Use your calculator to verify.

Currency Information

The MGA, or Malagasy Ariary, is the official currency of Madagascar. It is used as legal tender exclusively in Madagascar, making it the sole currency accepted for transactions within the country.

CVE stands for Cape Verdean Escudo, the official currency of Cape Verde, a country located off the coast of West Africa. The CVE is the legal tender exclusively used within Cape Verde, making it the official currency for transactions within the country.

Cost of Living Comparison

When it comes to daily expenses, the cost of groceries and dining out plays a significant role. Here we look at the average weekly cost for basic groceries and dining out at a mid-range restaurant dinner for two people.

LocationWeekly GroceriesDining Out for Two
Madagascar€#N/A€#N/A
Cape Verde€#N/A€#N/A
All numbers in Euros for easy comparison.

Keep in mind that these figures are approximations, and actual costs can vary based on specific locations and individual choices.