MGA black market rate on Jul 1, 2026: 4,150 per USD
On Wednesday, July 1, 2026, the US dollar traded at about 4,150 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,126 MGA, reached a high of 4,206 and a low of 4,124, a trading range of 82.15 MGA (1.99%).
Across 288 observations, the average price to buy dollars was 4,168 MGA and the average price received when selling dollars was 4,266 MGA. Over the session the Malagasy Ariary weakened against the dollar (+0.59% from open to close).
Official rate vs black market rate on Jul 1, 2026
The official exchange rate published for Madagascar on this date was 4,263 MGA per USD. The parallel-market close of 4,150 MGA therefore implied a premium of -2.64% over the official rate — a discount to the official rate, which is unusual and often reflects thin or one-sided quotes.
How Jul 1, 2026 compares
Compared with the previous observed day (Jun 30, 2026, close 4,155 MGA), the rate moved -0.12%.
One week earlier (Jun 24, 2026) the close was 4,100 MGA, so the weekly change was +1.22%.
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 Jul 1, 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 Jul 1, 2026?
- The USD to MGA parallel market rate closed at approximately 4,150 MGA per US dollar on Wednesday, July 1, 2026, after trading between 4,124 and 4,206 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,126 to a close of 4,150 MGA, the parallel rate moved +0.59% on Jul 1, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,263 MGA per USD versus a parallel close of 4,150 MGA, a premium of -2.64%.
- Was the MGA black market rate higher or lower than the day before?
- Lower: the previous observed close was 4,155 MGA on Jun 30, 2026, a change of -0.12%.
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.