MGA black market rate on Jun 7, 2026: 4,063 per USD
On Sunday, June 7, 2026, the US dollar traded at about 4,063 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,025 MGA, reached a high of 4,082 and a low of 4,016, a trading range of 66.26 MGA (1.65%).
Across 228 observations, the average price to buy dollars was 4,059 MGA and the average price received when selling dollars was 4,155 MGA. Over the session the Malagasy Ariary weakened against the dollar (+0.94% from open to close).
Official rate vs black market rate on Jun 7, 2026
The official exchange rate published for Madagascar on this date was 4,197 MGA per USD. The parallel-market close of 4,063 MGA therefore implied a premium of -3.20% over the official rate — a discount to the official rate, which is unusual and often reflects thin or one-sided quotes.
How Jun 7, 2026 compares
Compared with the previous observed day (Jun 6, 2026, close 4,025 MGA), the rate moved +0.94%.
How this daily figure is produced
ETCurrency samples Madagascar's USD/MGA parallel market throughout the day from peer-to-peer stablecoin order books and, where available, community submissions. Each sample is filtered for outliers and aggregated into a single buy and sell quote; the figures above are the first, highest, lowest and last of those aggregated quotes for Jun 7, 2026 (UTC).
USDT peer-to-peer prices closely track cash dollar prices in most parallel markets but are not identical to them: payment-method fees, merchant margins and local demand for stablecoins can all add a few tenths of a percent.
Frequently asked questions
- What was the dollar to Malagasy Ariary black market rate on Jun 7, 2026?
- The USD to MGA parallel market rate closed at approximately 4,063 MGA per US dollar on Sunday, June 7, 2026, after trading between 4,016 and 4,082 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,025 to a close of 4,063 MGA, the parallel rate moved +0.94% on Jun 7, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,197 MGA per USD versus a parallel close of 4,063 MGA, a premium of -3.20%.
- Was the MGA black market rate higher or lower than the day before?
- Higher: the previous observed close was 4,025 MGA on Jun 6, 2026, a change of +0.94%.
Figures are aggregated parallel-market observations for Madagascar in UTC and are indicative only; they are not a quote to trade. See the full USD → Malagasy Ariary history or today's live rate.