MGA black market rate on Jul 17, 2026: 4,217 per USD
On Friday, July 17, 2026, the US dollar traded at about 4,217 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,180 MGA, reached a high of 4,285 and a low of 4,180, a trading range of 104.78 MGA (2.51%).
Across 288 observations, the average price to buy dollars was 4,259 MGA and the average price received when selling dollars was 4,356 MGA. Over the session the Malagasy Ariary weakened against the dollar (+0.87% from open to close).
Official rate vs black market rate on Jul 17, 2026
The official exchange rate published for Madagascar on this date was 4,298 MGA per USD. The parallel-market close of 4,217 MGA therefore implied a premium of -1.89% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Jul 17, 2026 compares
Compared with the previous observed day (Jul 16, 2026, close 4,180 MGA), the rate moved +0.87%.
One week earlier (Jul 10, 2026) the close was 4,211 MGA, so the weekly change was +0.13%.
Thirty days earlier (Jun 17, 2026) the close was 4,108 MGA, a +2.64% move over the month.
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 17, 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 17, 2026?
- The USD to MGA parallel market rate closed at approximately 4,217 MGA per US dollar on Friday, July 17, 2026, after trading between 4,180 and 4,285 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,180 to a close of 4,217 MGA, the parallel rate moved +0.87% on Jul 17, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,298 MGA per USD versus a parallel close of 4,217 MGA, a premium of -1.89%.
- Was the MGA black market rate higher or lower than the day before?
- Higher: the previous observed close was 4,180 MGA on Jul 16, 2026, a change of +0.87%.
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.