MGA black market rate on Aug 24, 2026: 4,136 per USD
On Monday, August 24, 2026, the US dollar traded at about 4,136 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,150 MGA, reached a high of 4,160 and a low of 4,108, a trading range of 52.24 MGA (1.27%).
Across 288 observations, the average price to buy dollars was 4,138 MGA and the average price received when selling dollars was 4,236 MGA. Over the session the Malagasy Ariary strengthened against the dollar (-0.35% from open to close).
Official rate vs black market rate on Aug 24, 2026
The official exchange rate published for Madagascar on this date was 4,286 MGA per USD. The parallel-market close of 4,136 MGA therefore implied a premium of -3.52% over the official rate — a discount to the official rate, which is unusual and often reflects thin or one-sided quotes.
How Aug 24, 2026 compares
Compared with the previous observed day (Aug 23, 2026, close 4,150 MGA), the rate moved -0.35%.
One week earlier (Aug 17, 2026) the close was 4,140 MGA, so the weekly change was -0.11%.
Thirty days earlier (Jul 25, 2026) the close was 4,279 MGA, a -3.35% 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 24, 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 24, 2026?
- The USD to MGA parallel market rate closed at approximately 4,136 MGA per US dollar on Monday, August 24, 2026, after trading between 4,108 and 4,160 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,150 to a close of 4,136 MGA, the parallel rate moved -0.35% on Aug 24, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,286 MGA per USD versus a parallel close of 4,136 MGA, a premium of -3.52%.
- Was the MGA black market rate higher or lower than the day before?
- Lower: the previous observed close was 4,150 MGA on Aug 23, 2026, a change of -0.35%.
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.