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1000 MGA to NAD - Malagasy Ariary to Namibian Dollar Exchange Rate

Ar
MGA - Malagasy AriaryDown Arrow
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NAD - Namibian DollarDown Arrow
Exchange Rate

MGA 1000 = NAD 3.93

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1 MGA = 0.00393 NAD | 1 NAD = 254.45293 MGA

Last Updated Feb 14, 5:30 IST

MGA 1000 =NAD 3.93

1 MGA = 0.00393 NAD
1 NAD = 254.45293 MGA
Convert
Last Updated Feb 14, 5:30 IST
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Our converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.

1 MGA to NAD Exchange Rate Last 5 Days
Date
Namibian Dollar Price
Feb 13, 2025
0.003930003055004311
Feb 12, 2025
0.003934157607472019
Feb 11, 2025
0.003919191511604867
Feb 10, 2025
0.00391924521992372
Feb 9, 2025
0.003912101471510199

MGA to NAD Exchange Rate Chart

online1 MGA = 0.00393 NAD

  • 1 Week
  • 1 Month
  • 1 Year
Currency Information
MGA - Malagasy Ariary
Our currency rankings show that the most popular Malagasy Ariary exchange rate is the MGA to NAD rate. The currency code for Malagasy Ariary is MGA. The currency symbol is Ar.
More Malagasy Ariary inforight-arrow
NAD - Namibian Dollar
Our currency rankings show that the most popular Namibian Dollar exchange rate is the NAD to MGA rate. The currency code for Namibian Dollar is NAD. The currency symbol is $.
More Namibian Dollar inforight-arrow
1 Malagasy Ariary to Namibian Dollar stats
Last 30 Days
Last 90 Days
High
0.004
0.004
Low
0.004
0.004
Average
0.004
0.004
Volatility
0.00%
0.00%

How much is 1000 MGA in Namibian Dollar

The exchange value of 1000 MGA in Namibian Dollar is 3.930 NAD as on Feb 14.

How to check the exchange rate of 1000 MGA to NAD with Paytm

You can check the exchange rate of 1000 Malagasy Ariary to Namibian Dollar by using the Paytm currency exchange rate calculator.

All you need to do to see the exchange 1000 MGA to NAD online is as follows:.

  • Navigate to the Paytm currency calculator page.
  • Enter the amount 1000 in the Amount section and
  • Select the currency MGA - Malagasy Ariary in the "From" section
  • Select NAD - Namibian Dollar in "To" section
  • Finally, click "Convert" to see the 1000 MGA to NAD conversion amount.

Methods to Convert (MGA) to Namibian Dollar (NAD) Online

There are several online ways to convert MGA to NAD.

1. Online Banks

Most banks in India allow MGA to NAD conversion through their internet banking or mobile apps.

Steps to Convert MGA to NAD via Online Banking:

  1. Log in to your bank account.
  2. Select "Forex Services" or "Currency Exchange."
  3. Enter the MGA amount you want to convert.
  4. Check the exchange rate.
  5. Confirm and complete the transaction.

Pros:

  • Safe and secure.
  • Money gets credited directly to your account.
  • No hidden fees.

Cons:

  • Banks may offer lower exchange rates.
  • The process can take a few hours to a few days.

2. International Money Transfer Apps

Apps like Wise, PayPal, and Western Union allow MGA to NAD conversion quickly.

Steps to Convert MGA to NAD via international money transfer apps:

  1. Create an account in any app and log in.
  2. Enter the MGA amount you want to convert.
  3. Choose NAD as the receiving currency.
  4. Add the recipient‘s Indian bank details.
  5. Check the exchange rate and fees.
  6. Confirm and transfer.

Pros:

  • Better exchange rates than banks.
  • Fast transfers (few minutes to hours).
  • Small and transparent fees.

Cons:

  • Requires verification for large amounts.

3. Forex Cards

A Forex card is a prepaid card that holds multiple currencies, including MGA.

Steps to Convert MGA to NAD via Forex Card:

  1. Get a Forex card from a bank or travel agency.
  2. Load it with MGA before traveling.
  3. Use it at ATMs in India to withdraw NAD.
  4. The card automatically converts MGA to NAD at the time of withdrawal.

Pros:

  • Safer than carrying cash.
  • Good exchange rates.
  • Can be used multiple times.

Cons:

  • Some banks charge ATM withdrawal fees.
  • Limited to international travelers.

4. Cryptocurrency Exchanges

Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.

Steps to Convert MGA to NAD via Crypto:

  1. Buy Bitcoin (BTC) with MGA on a crypto exchange.
  2. Transfer the BTC to an Indian exchange.
  3. Sell it for NAD.
  4. Withdraw NAD to your bank account.

Pros:

  • Fast transactions.
  • Good for high amounts.
  • Some platforms offer zero fees.

Cons:

  • Cryptocurrency prices fluctuate.
  • May not be legal in all countries.

Places to Convert MGA to NAD Offline

There are several offline methods to exchange MGA to NAD. 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 NAD.

Steps to Exchange MGA to NAD at a Bank:

  1. Visit a bank branch that offers forex services.
  2. Carry your passport, visa, and ID proof (for foreigners).
  3. Fill out the currency exchange form.
  4. Hand over the MGA cash.
  5. Receive NAD in cash or your bank account.

Pros:

  • Safe and reliable.
  • Better exchange rates than airports.
  • Direct deposit option available.

Cons:

  • Limited working hours.
  • Requires documents for verification.

2. Currency Exchange Centers

Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline MGA to NAD conversion.

Steps to Exchange MGA to NAD at an Exchange Center:

  1. Visit a licensed money exchange center.
  2. Show your passport and ID proof.
  3. Provide the MGA cash for exchange.
  4. Receive NAD at the given exchange rate.

Pros:

  • Quick and easy.
  • Available in major cities and tourist areas.
  • Competitive exchange rates.

Cons:

  • Some centers charge extra service fees.
  • Not available in remote areas.

3. Airport Currency Exchange Counters

Airports have forex counters where travelers can exchange MGA to NAD.

Steps to Exchange MGA to NAD at an Airport:

  1. Locate the currency exchange counter at the airport.
  2. Show your passport and travel documents.
  3. Hand over MGA and receive NAD instantly.

Pros:

  • Convenient for travelers.
  • Open 24/7 in major airports.

Cons:

  • Higher exchange rates compared to banks.
  • Extra service fees.

4. Hotels and Travel Agencies

Some hotels and travel agencies offer currency exchange services for guests.

Steps to Exchange MGA to NAD at a Hotel or Travel Agency:

  1. Check if your hotel or travel agency provides forex services.
  2. Provide your passport and MGA cash.
  3. Receive NAD based on their exchange rate.

Pros:

  • Very convenient for travelers.
  • No need to visit a bank or forex center.

Cons:

  • Higher exchange rates.
  • Limited availability.

5. Local Money Changers

In busy markets and tourist spots, you may find local money changers who exchange MGA for NAD

Steps to Exchange MGA to NAD at a Local Money Changer:

  1. Find a trusted local money changer.
  2. Negotiate the exchange rate if possible.
  3. Provide MGA and receive NAD.

Pros:

  • Quick and easy.
  • Sometimes better rates than banks.

Cons:

  • Risk of fraud or counterfeit NAD.
  • No official receipt or record.

Documents Required for MGA to NAD Exchange

Most offline exchanges require identity proof. Here are the common documents needed:

Document TypeRequired For
PassportAll exchanges (mandatory for foreigners)

Always carry a valid ID when exchanging currency.

Tips to Get the Best Exchange Rate for converting MGA to NAD

  1. Compare Rates: Use online comparison tools to check the best MGA to NAD rates before converting.
  2. Avoid Weekends: Exchange rates are higher on weekends due to market closure.
  3. Use Low-Fee Platforms: Choose platforms like Wise or Forex cards to reduce extra charges.
  4. Avoid Airport Exchanges: Airport forex counters have the worst exchange rates.
  5. Convert Larger Amounts: Some platforms offer better rates for higher amounts.
  6. Negotiate: At local money changers, you may get a better rate if you negotiate.
  7. Check for Hidden Fees: Ask about service charges before exchanging.
  8. Verify the Notes: Always count your NAD and check for fake currency.
  9. Use Official Channels: Avoid unlicensed money changers to prevent scams.

Fees and Charges for converting MGA to NAD

MethodExchange RateTransfer FeeAvailabilitySpeed
Bank TransferLowLowLimited hours1-3 days
Any Third Party AppHighLow24/7Instant/Few minutes
Forex CardMediumLow24/7Instant
Crypto ExchangeHighLow24/7Few minutes
Exchange CentersGoodMediumWidely availableFew minutes
Airport CountersHighHigh24/7 at airportsFew minutes
Hotels/AgenciesVery HighMediumOnly for guestsFew minutes
Local Money ChangersVariesLowRisky but quickFew minutes

Benefits of MGA to NAD Conversion

Converting Malagasy Ariary (MGA) to Namibian Dollar (NAD) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:

1. Favorable Exchange Rates

MGA is a strong and widely traded currency. If the exchange rate is favorable, converting MGA to NAD can give you more value for your money.

2. Higher Purchasing Power in Namibia

Since 1 MGA equals a significantly higher amount in NAD, converting MGA to NAD increases your purchasing power, allowing you to afford more goods and services in Namibia.

3. Supports Travel and Expenses in Namibia

If you‘re an NRI, tourist, or returning from the Madagascar, converting MGA to NAD ensures you have local currency for daily expenses, shopping, and travel within Namibia.

4. Investment Opportunities

Converting MGA to NAD can help you invest in Namibia assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Madagascar markets.

5. Savings on Transaction Fees

Using a direct MGA to NAD 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.

6. Business and Trade Advantages

For businesses involved in international trade, converting MGA to NAD 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 NAD exchange.

Frequently Asked Questions

FAQs

Can I convert MGA to NAD without a bank account?
Yes, you can use forex cards, international wallets, or cash exchanges.
How long does it take to convert MGA to NAD online?
It depends on the method: • Bank Transfers: 1-3 days • Wise & PayPal: A few minutes to hours • Crypto: A few minutes • Forex Cards: Instant at ATMs
Is it safe to convert MGA to NAD online?
Yes, but use trusted platforms like banks, Wise, or PayPal. Avoid unknown websites to prevent fraud.
Are there any hidden charges?
Always check for: • Transfer fees • Conversion charges • GST or other taxes • Bank charges (for wire transfers)
Can I exchange MGA to NAD without a passport?
Most licensed exchanges require a passport, especially for large amounts. Small amounts may be exchanged with an Aadhaar or PAN card.
How much MGA can I exchange at a time?
There is no strict limit, but heavy transactions may require extra documentation and approval from respective authorities.
Is it safe to exchange money at local money changers?
It can be risky. Always choose a trusted and licensed money changer to avoid scams.
Do banks offer the best exchange rates?
Banks usually offer better rates than airports and hotels, but money exchange centers might have even better deals.
What should I do if I receive fake NAD notes?
If you suspect fake notes, inform the exchange center immediately and report it to the local police if necessary.
What is the 1000 Malagasy Ariary (MGA) worth against the Namibian Dollar?
1000 MGA is worth 3.930 Namibian Dollar today
What is the 25 Malagasy Ariary (MGA) worth against the Namibian Dollar?
25 MGA is worth 0.098 Namibian Dollar today
What is the 1 Malagasy Ariary (MGA) worth against the Macanese Pataca?
1 MGA is worth 0.0017061301352172369 MOP today
What is the strongest currency in the world right now?
Despite being the most traded and powerful currency in the world, the US dollar may not be the most expensive. On the other hand, Kuwait's strong economy has made the Kuwaiti dinar (KWD) the world's most valuable currency. 1 KWD = $3.26.
What is the top 10 highest currency in the world?
Kuwaiti Dinar, Bahraini Dinar, Omani Rial, Jordanian Dinar, British Pound Sterling, Cayman Islands Dollar, European Euro, Swiss Franc, US Dollar, and Canadian Dollar are the top ten most valuable currencies in the world.
Which is the lowest currency in the world?
The Iranian Rial is the world's most affordable currency.

Source of the rates:apilayer.com

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