MGA black market rate on Aug 2, 2026: 4,247 per USD
On Sunday, August 2, 2026, the US dollar traded at about 4,247 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,234 MGA, reached a high of 4,290 and a low of 4,203, a trading range of 87.22 MGA (2.08%).
Across 288 observations, the average price to buy dollars was 4,251 MGA and the average price received when selling dollars was 4,355 MGA. Over the session the Malagasy Ariary weakened against the dollar (+0.30% from open to close).
Official rate vs black market rate on Aug 2, 2026
The official exchange rate published for Madagascar on this date was 4,325 MGA per USD. The parallel-market close of 4,247 MGA therefore implied a premium of -1.80% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Aug 2, 2026 compares
Compared with the previous observed day (Aug 1, 2026, close 4,234 MGA), the rate moved +0.30%.
One week earlier (Jul 26, 2026) the close was 4,291 MGA, so the weekly change was -1.04%.
Thirty days earlier (Jul 3, 2026) the close was 4,132 MGA, a +2.78% 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 Aug 2, 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 Aug 2, 2026?
- The USD to MGA parallel market rate closed at approximately 4,247 MGA per US dollar on Sunday, August 2, 2026, after trading between 4,203 and 4,290 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,234 to a close of 4,247 MGA, the parallel rate moved +0.30% on Aug 2, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,325 MGA per USD versus a parallel close of 4,247 MGA, a premium of -1.80%.
- Was the MGA black market rate higher or lower than the day before?
- Higher: the previous observed close was 4,234 MGA on Aug 1, 2026, a change of +0.30%.
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.