MGA black market rate on Sep 22, 2026: 4,235 per USD
On Tuesday, September 22, 2026, the US dollar traded at about 4,235 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,220 MGA, reached a high of 4,256 and a low of 4,203, a trading range of 53.05 MGA (1.26%).
Across 288 observations, the average price to buy dollars was 4,236 MGA and the average price received when selling dollars was 4,315 MGA. Over the session the Malagasy Ariary weakened against the dollar (+0.37% from open to close).
Official rate vs black market rate on Sep 22, 2026
The official exchange rate published for Madagascar on this date was 4,379 MGA per USD. The parallel-market close of 4,235 MGA therefore implied a premium of -3.27% over the official rate — a discount to the official rate, which is unusual and often reflects thin or one-sided quotes.
How Sep 22, 2026 compares
Compared with the previous observed day (Sep 21, 2026, close 4,220 MGA), the rate moved +0.37%.
One week earlier (Sep 15, 2026) the close was 4,222 MGA, so the weekly change was +0.33%.
Thirty days earlier (Aug 23, 2026) the close was 4,150 MGA, a +2.05% 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 22, 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 22, 2026?
- The USD to MGA parallel market rate closed at approximately 4,235 MGA per US dollar on Tuesday, September 22, 2026, after trading between 4,203 and 4,256 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,220 to a close of 4,235 MGA, the parallel rate moved +0.37% on Sep 22, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,379 MGA per USD versus a parallel close of 4,235 MGA, a premium of -3.27%.
- Was the MGA black market rate higher or lower than the day before?
- Higher: the previous observed close was 4,220 MGA on Sep 21, 2026, a change of +0.37%.
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.