MGA black market rate on Jul 28, 2026: 4,240 per USD
On Tuesday, July 28, 2026, the US dollar traded at about 4,240 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,253 MGA, reached a high of 4,328 and a low of 4,240, a trading range of 88.01 MGA (2.08%).
Across 288 observations, the average price to buy dollars was 4,301 MGA and the average price received when selling dollars was 4,380 MGA. Over the session the Malagasy Ariary strengthened against the dollar (-0.31% from open to close).
Official rate vs black market rate on Jul 28, 2026
The official exchange rate published for Madagascar on this date was 4,313 MGA per USD. The parallel-market close of 4,240 MGA therefore implied a premium of -1.69% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Jul 28, 2026 compares
Compared with the previous observed day (Jul 27, 2026, close 4,254 MGA), the rate moved -0.32%.
One week earlier (Jul 21, 2026) the close was 4,215 MGA, so the weekly change was +0.59%.
Thirty days earlier (Jun 28, 2026) the close was 4,142 MGA, a +2.37% 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 28, 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 28, 2026?
- The USD to MGA parallel market rate closed at approximately 4,240 MGA per US dollar on Tuesday, July 28, 2026, after trading between 4,240 and 4,328 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,253 to a close of 4,240 MGA, the parallel rate moved -0.31% on Jul 28, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,313 MGA per USD versus a parallel close of 4,240 MGA, a premium of -1.69%.
- Was the MGA black market rate higher or lower than the day before?
- Lower: the previous observed close was 4,254 MGA on Jul 27, 2026, a change of -0.32%.
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.