Exchange Rate in Madagascar
The exchange rate ended 2022 at MGA 4,462 per USD, compared to the end-2021 value of MGA 3,957 per USD and the figure a decade earlier of MGA 2,236 per USD. For more exchange rate information, visit our dedicated page.
Madagascar Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Madagascar from 2014 to 2023.
Source: Macrobond.
Madagascar Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (MGA per USD, eop) | 3,627 | 3,825 | 3,957 | 4,462 | 4,573 |
| Exchange Rate (LCU per USD, aop) | 3,619 | 3,793 | 3,853 | 4,118 | 4,432 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Malagasy exchange rate projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Malagasy exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Malagasy exchange rate projections.
Want to get access to the full dataset of Malagasy exchange rate forecasts? Send an email to info@focus-economics.com.