MGA black market rate on Jul 23, 2026: 4,203 per USD
On Thursday, July 23, 2026, the US dollar traded at about 4,203 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,210 MGA, reached a high of 4,282 and a low of 4,186, a trading range of 95.95 MGA (2.29%).
Across 288 observations, the average price to buy dollars was 4,247 MGA and the average price received when selling dollars was 4,340 MGA. Over the session the Malagasy Ariary strengthened against the dollar (-0.17% from open to close).
Official rate vs black market rate on Jul 23, 2026
The official exchange rate published for Madagascar on this date was 4,288 MGA per USD. The parallel-market close of 4,203 MGA therefore implied a premium of -1.98% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Jul 23, 2026 compares
Compared with the previous observed day (Jul 22, 2026, close 4,210 MGA), the rate moved -0.17%.
One week earlier (Jul 16, 2026) the close was 4,180 MGA, so the weekly change was +0.55%.
Thirty days earlier (Jun 23, 2026) the close was 4,076 MGA, a +3.13% 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 23, 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 23, 2026?
- The USD to MGA parallel market rate closed at approximately 4,203 MGA per US dollar on Thursday, July 23, 2026, after trading between 4,186 and 4,282 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,210 to a close of 4,203 MGA, the parallel rate moved -0.17% on Jul 23, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,288 MGA per USD versus a parallel close of 4,203 MGA, a premium of -1.98%.
- Was the MGA black market rate higher or lower than the day before?
- Lower: the previous observed close was 4,210 MGA on Jul 22, 2026, a change of -0.17%.
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.