MGA 100 = ZMK 191.108
Convert1 MGA = 1.91108 ZMK | 1 ZMK = 0.52326 MGA
Last Updated Feb 14, 5:30 ISTOur converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.
MGA to ZMK Exchange Rate Chart
1 MGA = 1.91108 ZMK
The exchange value of 100 MGA in Zambian Kwacha (pre-2013) is 191.108 ZMK as on Feb 14.
You can check the exchange rate of 100 Malagasy Ariary to Zambian Kwacha (pre-2013) by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 100 MGA to ZMK online is as follows:.
There are several online ways to convert MGA to ZMK.
Most banks in India allow MGA to ZMK conversion through their internet banking or mobile apps.
Pros:
Cons:
Apps like Wise, PayPal, and Western Union allow MGA to ZMK conversion quickly.
Pros:
Cons:
A Forex card is a prepaid card that holds multiple currencies, including MGA.
Pros:
Cons:
Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.
Pros:
Cons:
There are several offline methods to exchange MGA to ZMK. Let‘s explore them.
1. Banks
Banks offer currency exchange services at competitive rates. You need to visit a branch with your MGA cash and exchange it for ZMK.
Pros:
Cons:
Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline MGA to ZMK conversion.
Pros:
Cons:
Airports have forex counters where travelers can exchange MGA to ZMK.
Pros:
Cons:
Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange MGA to ZMK at a Hotel or Travel Agency:
Pros:
Cons:
In busy markets and tourist spots, you may find local money changers who exchange MGA for ZMK
Pros:
Cons:
Most offline exchanges require identity proof. Here are the common documents needed:
Document Type | Required For |
---|---|
Passport | All exchanges (mandatory for foreigners) |
Always carry a valid ID when exchanging currency.
Method | Exchange Rate | Transfer Fee | Availability | Speed |
---|---|---|---|---|
Bank Transfer | Low | Low | Limited hours | 1-3 days |
Any Third Party App | High | Low | 24/7 | Instant/Few minutes |
Forex Card | Medium | Low | 24/7 | Instant |
Crypto Exchange | High | Low | 24/7 | Few minutes |
Exchange Centers | Good | Medium | Widely available | Few minutes |
Airport Counters | High | High | 24/7 at airports | Few minutes |
Hotels/Agencies | Very High | Medium | Only for guests | Few minutes |
Local Money Changers | Varies | Low | Risky but quick | Few minutes |
Converting Malagasy Ariary (MGA) to Zambian Kwacha (pre-2013) (ZMK) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:
MGA is a strong and widely traded currency. If the exchange rate is favorable, converting MGA to ZMK can give you more value for your money.
Since 1 MGA equals a significantly higher amount in ZMK, converting MGA to ZMK increases your purchasing power, allowing you to afford more goods and services in Zambia.
If you‘re an NRI, tourist, or returning from the Madagascar, converting MGA to ZMK ensures you have local currency for daily expenses, shopping, and travel within Zambia.
Converting MGA to ZMK can help you invest in Zambia assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Madagascar markets.
Using a direct MGA to ZMK conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.
For businesses involved in international trade, converting MGA to ZMK at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.
By choosing the right conversion method and timing, you can maximize the benefits of MGA to ZMK exchange.
Source of the rates:apilayer.com