MGA black market rate on Jul 11, 2026: 4,109 per USD
On Saturday, July 11, 2026, the US dollar traded at about 4,109 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,211 MGA, reached a high of 4,256 and a low of 4,109, a trading range of 147.85 MGA (3.60%).
Across 288 observations, the average price to buy dollars was 4,213 MGA and the average price received when selling dollars was 4,317 MGA. Over the session the Malagasy Ariary strengthened against the dollar (-2.43% from open to close).
Official rate vs black market rate on Jul 11, 2026
The official exchange rate published for Madagascar on this date was 4,266 MGA per USD. The parallel-market close of 4,109 MGA therefore implied a premium of -3.68% over the official rate — a discount to the official rate, which is unusual and often reflects thin or one-sided quotes.
How Jul 11, 2026 compares
Compared with the previous observed day (Jul 10, 2026, close 4,211 MGA), the rate moved -2.43%.
One week earlier (Jul 4, 2026) the close was 4,100 MGA, so the weekly change was +0.21%.
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 11, 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 11, 2026?
- The USD to MGA parallel market rate closed at approximately 4,109 MGA per US dollar on Saturday, July 11, 2026, after trading between 4,109 and 4,256 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,211 to a close of 4,109 MGA, the parallel rate moved -2.43% on Jul 11, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,266 MGA per USD versus a parallel close of 4,109 MGA, a premium of -3.68%.
- Was the MGA black market rate higher or lower than the day before?
- Lower: the previous observed close was 4,211 MGA on Jul 10, 2026, a change of -2.43%.
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.