MGA black market rate on Jun 18, 2026: 4,080 per USD
On Thursday, June 18, 2026, the US dollar traded at about 4,080 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,108 MGA, reached a high of 4,156 and a low of 4,050, a trading range of 106 MGA (2.62%).
Across 288 observations, the average price to buy dollars was 4,111 MGA and the average price received when selling dollars was 4,204 MGA. Over the session the Malagasy Ariary strengthened against the dollar (-0.68% from open to close).
Official rate vs black market rate on Jun 18, 2026
The official exchange rate published for Madagascar on this date was 4,193 MGA per USD. The parallel-market close of 4,080 MGA therefore implied a premium of -2.70% over the official rate — a discount to the official rate, which is unusual and often reflects thin or one-sided quotes.
How Jun 18, 2026 compares
Compared with the previous observed day (Jun 17, 2026, close 4,108 MGA), the rate moved -0.68%.
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 18, 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 18, 2026?
- The USD to MGA parallel market rate closed at approximately 4,080 MGA per US dollar on Thursday, June 18, 2026, after trading between 4,050 and 4,156 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,108 to a close of 4,080 MGA, the parallel rate moved -0.68% on Jun 18, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,193 MGA per USD versus a parallel close of 4,080 MGA, a premium of -2.70%.
- Was the MGA black market rate higher or lower than the day before?
- Lower: the previous observed close was 4,108 MGA on Jun 17, 2026, a change of -0.68%.
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.