MGA black market rate on Sep 21, 2026: 4,220 per USD
On Monday, September 21, 2026, the US dollar traded at about 4,220 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,225 MGA, reached a high of 4,244 and a low of 4,192, a trading range of 52.42 MGA (1.25%).
Across 288 observations, the average price to buy dollars was 4,229 MGA and the average price received when selling dollars was 4,304 MGA. Over the session the Malagasy Ariary strengthened against the dollar (-0.14% from open to close).
Official rate vs black market rate on Sep 21, 2026
The official exchange rate published for Madagascar on this date was 4,378 MGA per USD. The parallel-market close of 4,220 MGA therefore implied a premium of -3.63% over the official rate — a discount to the official rate, which is unusual and often reflects thin or one-sided quotes.
How Sep 21, 2026 compares
Compared with the previous observed day (Sep 20, 2026, close 4,225 MGA), the rate moved -0.14%.
One week earlier (Sep 14, 2026) the close was 4,200 MGA, so the weekly change was +0.46%.
Thirty days earlier (Aug 22, 2026) the close was 4,139 MGA, a +1.95% 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 Sep 21, 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 Sep 21, 2026?
- The USD to MGA parallel market rate closed at approximately 4,220 MGA per US dollar on Monday, September 21, 2026, after trading between 4,192 and 4,244 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,225 to a close of 4,220 MGA, the parallel rate moved -0.14% on Sep 21, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,378 MGA per USD versus a parallel close of 4,220 MGA, a premium of -3.63%.
- Was the MGA black market rate higher or lower than the day before?
- Lower: the previous observed close was 4,225 MGA on Sep 20, 2026, a change of -0.14%.
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.