MGA black market rate on Sep 26, 2026: 4,308 per USD
On Saturday, September 26, 2026, the US dollar traded at about 4,308 MGA on Madagascar's parallel (black) market at the close of observations. The day opened at 4,339 MGA, reached a high of 4,378 and a low of 4,308, a trading range of 69.84 MGA (1.62%).
Across 300 observations, the average price to buy dollars was 4,350 MGA and the average price received when selling dollars was 4,440 MGA. Over the session the Malagasy Ariary strengthened against the dollar (-0.71% from open to close).
Official rate vs black market rate on Sep 26, 2026
The official exchange rate published for Madagascar on this date was 4,398 MGA per USD. The parallel-market close of 4,308 MGA therefore implied a premium of -2.04% over the official rate — a discount to the official rate, which is unusual and often reflects thin or one-sided quotes.
How Sep 26, 2026 compares
Compared with the previous observed day (Sep 25, 2026, close 4,320 MGA), the rate moved -0.26%.
One week earlier (Sep 19, 2026) the close was 4,209 MGA, so the weekly change was +2.36%.
Thirty days earlier (Aug 27, 2026) the close was 4,140 MGA, a +4.06% 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 26, 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 26, 2026?
- The USD to MGA parallel market rate closed at approximately 4,308 MGA per US dollar on Saturday, September 26, 2026, after trading between 4,308 and 4,378 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,339 to a close of 4,308 MGA, the parallel rate moved -0.71% on Sep 26, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,398 MGA per USD versus a parallel close of 4,308 MGA, a premium of -2.04%.
- Was the MGA black market rate higher or lower than the day before?
- Lower: the previous observed close was 4,320 MGA on Sep 25, 2026, a change of -0.26%.
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.