MGA black market rate on Jul 9, 2026: 4,170 per USD
On Thursday, July 9, 2026, the US dollar traded at about 4,170 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,108 MGA, reached a high of 4,220 and a low of 4,108, a trading range of 111.55 MGA (2.72%).
Across 288 observations, the average price to buy dollars was 4,183 MGA and the average price received when selling dollars was 4,266 MGA. Over the session the Malagasy Ariary weakened against the dollar (+1.51% from open to close).
Official rate vs black market rate on Jul 9, 2026
The official exchange rate published for Madagascar on this date was 4,255 MGA per USD. The parallel-market close of 4,170 MGA therefore implied a premium of -1.99% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Jul 9, 2026 compares
Compared with the previous observed day (Jul 8, 2026, close 4,108 MGA), the rate moved +1.51%.
One week earlier (Jul 2, 2026) the close was 4,080 MGA, so the weekly change was +2.21%.
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 9, 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 9, 2026?
- The USD to MGA parallel market rate closed at approximately 4,170 MGA per US dollar on Thursday, July 9, 2026, after trading between 4,108 and 4,220 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,108 to a close of 4,170 MGA, the parallel rate moved +1.51% on Jul 9, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,255 MGA per USD versus a parallel close of 4,170 MGA, a premium of -1.99%.
- Was the MGA black market rate higher or lower than the day before?
- Higher: the previous observed close was 4,108 MGA on Jul 8, 2026, a change of +1.51%.
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.