MGA black market rate on Oct 12, 2026: 4,293 per USD
On Monday, October 12, 2026, the US dollar traded at about 4,293 MGA on Madagascar's parallel (black) market at the close of observations so far. The day opened at 4,223 MGA, reached a high of 4,325 and a low of 4,201, a trading range of 124.01 MGA (2.95%).
Across 204 observations, the average price to buy dollars was 4,292 MGA and the average price received when selling dollars was 4,379 MGA. Over the session the Malagasy Ariary weakened against the dollar (+1.65% from open to close).
Official rate vs black market rate on Oct 12, 2026
The official exchange rate published for Madagascar on this date was 4,521 MGA per USD. The parallel-market close of 4,293 MGA therefore implied a premium of -5.04% over the official rate — a discount to the official rate, which is unusual and often reflects thin or one-sided quotes.
How Oct 12, 2026 compares
Compared with the previous observed day (Oct 11, 2026, close 4,223 MGA), the rate moved +1.65%.
One week earlier (Oct 5, 2026) the close was 4,213 MGA, so the weekly change was +1.91%.
Thirty days earlier (Sep 12, 2026) the close was 4,150 MGA, a +3.45% 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 Oct 12, 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 Oct 12, 2026?
- The USD to MGA parallel market rate closed at approximately 4,293 MGA per US dollar on Monday, October 12, 2026, after trading between 4,201 and 4,325 MGA.
- How much did the MGA move against the dollar that day?
- From an open of 4,223 to a close of 4,293 MGA, the parallel rate moved +1.65% on Oct 12, 2026.
- What was the gap between the official and black market MGA rate on that date?
- The official rate was 4,521 MGA per USD versus a parallel close of 4,293 MGA, a premium of -5.04%.
- Was the MGA black market rate higher or lower than the day before?
- Higher: the previous observed close was 4,223 MGA on Oct 11, 2026, a change of +1.65%.
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.