MGA black market rate on Jul 25, 2026: 4,279 per USD
On Saturday, July 25, 2026, the US dollar traded at about 4,279 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,160 MGA, reached a high of 4,311 and a low of 4,160, a trading range of 151 MGA (3.63%).
Across 288 observations, the average price to buy dollars was 4,279 MGA and the average price received when selling dollars was 4,372 MGA. Over the session the Malagasy Ariary weakened against the dollar (+2.86% from open to close).
Official rate vs black market rate on Jul 25, 2026
The official exchange rate published for Madagascar on this date was 4,302 MGA per USD. The parallel-market close of 4,279 MGA therefore implied a premium of -0.53% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Jul 25, 2026 compares
Compared with the previous observed day (Jul 24, 2026, close 4,160 MGA), the rate moved +2.86%.
One week earlier (Jul 18, 2026) the close was 4,160 MGA, so the weekly change was +2.86%.
Thirty days earlier (Jun 25, 2026) the close was 4,147 MGA, a +3.19% 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 25, 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 25, 2026?
- The USD to MGA parallel market rate closed at approximately 4,279 MGA per US dollar on Saturday, July 25, 2026, after trading between 4,160 and 4,311 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,160 to a close of 4,279 MGA, the parallel rate moved +2.86% on Jul 25, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,302 MGA per USD versus a parallel close of 4,279 MGA, a premium of -0.53%.
- Was the MGA black market rate higher or lower than the day before?
- Higher: the previous observed close was 4,160 MGA on Jul 24, 2026, a change of +2.86%.
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.