MGA to GIP

Convert Malagasy Ariary to Gibraltar Pound

1 MGA = 0.0002 GIP

Rule of thumb

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

Divide the amount in Malagasy Ariary (MGA) by 10000 and add 2/3rds to get it in Gibraltar Pound (GIP)

How to convert Malagasy Ariary to Gibraltar Pound

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 GIP

The cost of converting MGA to GIP 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 Gibraltar Pounds conversion rates

1 MGA0.00 GIP
5 MGA0.00 GIP
10 MGA0.00 GIP
20 MGA0.00 GIP
50 MGA0.01 GIP
100 MGA0.02 GIP
250 MGA0.04 GIP
500 MGA0.09 GIP
1000 MGA0.17 GIP
2000 MGA0.35 GIP
5000 MGA0.87 GIP
10000 MGA1.74 GIP
1 GIP5,746.03 MGA
5 GIP28,730.14 MGA
10 GIP57,460.29 MGA
20 GIP114,920.58 MGA
50 GIP287,301.44 MGA
100 GIP574,602.88 MGA
250 GIP1,436,507.20 MGA
500 GIP2,873,014.40 MGA
1000 GIP5,746,028.80 MGA
2000 GIP11,492,057.60 MGA
5000 GIP28,730,143.99 MGA
10000 GIP57,460,287.99 MGA

Top Currency Pairings for Malagasy Ariary


GIP to MGA

MGA to USD

MGA to EUR

MGA to JPY

MGA to GBP

MGA to AUD

MGA to CAD

MGA to CHF

MGA to CNY

MGA to SEK

MGA to NZD

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.

GIP, also known as the Gibraltar Pound, is the official currency of Gibraltar, a British Overseas Territory located on the southern coast of Spain. It is issued and regulated by the Government of Gibraltar. The GIP is only used as legal tender within Gibraltar and is not widely accepted outside of the territory.

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
Gibraltar€#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.