MGA black market rate on Aug 31, 2026: 4,130 per USD
On Monday, August 31, 2026, the US dollar traded at about 4,130 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,167 MGA, reached a high of 4,180 and a low of 4,115, a trading range of 65 MGA (1.58%).
Across 288 observations, the average price to buy dollars was 4,158 MGA and the average price received when selling dollars was 4,247 MGA. Over the session the Malagasy Ariary strengthened against the dollar (-0.88% from open to close).
Official rate vs black market rate on Aug 31, 2026
The official exchange rate published for Madagascar on this date was 4,324 MGA per USD. The parallel-market close of 4,130 MGA therefore implied a premium of -4.48% over the official rate — a discount to the official rate, which is unusual and often reflects thin or one-sided quotes.
How Aug 31, 2026 compares
Compared with the previous observed day (Aug 30, 2026, close 4,167 MGA), the rate moved -0.88%.
One week earlier (Aug 24, 2026) the close was 4,136 MGA, so the weekly change was -0.13%.
Thirty days earlier (Aug 1, 2026) the close was 4,234 MGA, a -2.45% 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 31, 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 31, 2026?
- The USD to MGA parallel market rate closed at approximately 4,130 MGA per US dollar on Monday, August 31, 2026, after trading between 4,115 and 4,180 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,167 to a close of 4,130 MGA, the parallel rate moved -0.88% on Aug 31, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,324 MGA per USD versus a parallel close of 4,130 MGA, a premium of -4.48%.
- Was the MGA black market rate higher or lower than the day before?
- Lower: the previous observed close was 4,167 MGA on Aug 30, 2026, a change of -0.88%.
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.