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MGA

Malagasy Ariary

MGA · Madagascar

43
Moderate
Risk
Historical Scores
404957Jul 2021Jul 2025Oct 2026
What does this mean for you?

The Malagasy Ariary is in decent shape overall, scoring 43 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

You need at least 9.6%/yr returns. Money in a basic account is slowly losing value. Calculator ↓

Inflation
8.1%
Debt / GDP
Not available
GDP Growth
3.0%
FX Volatility
19.0
Governance
Not available
Reserves
5.5 mo
Analysis
What's working well
Economy is growing healthily
What to watch out for
Restrictions on moving your money out of the country
Full Madagascar analysis →

Savings Impact Calculator

MGA
Holding cash in MGA8.1% inflation
MGA 679−MGA 321 (32% purchasing power lost)
Your MGA 1,000 buys 32% less in 5 years
What if you invested MGA 1,000 instead? (5yr, in MGA terms)
USD-denominated assets gain an additional ~5.1%/yr from expected MGA depreciation vs USD
Hold USD Cash
MGA 1107
+MGA 107
+2.1%/yr net in MGA
S&P 500
MGA 2016
+MGA 1016
range: MGA 953–MGA 3865
10% USD return + 5.1% FX · ±16% vol
Gold
MGA 1847
+MGA 847
range: MGA 560–MGA 4835
8% USD return + 5.1% FX · ±24% vol
Bitcoin
MGA 3720
+MGA 2720
range: MGA 254–MGA 21.1k
25% USD return + 5.1% FX · ±54% vol

All values in MGA. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~5.1%/yr based on the inflation differential between Madagascar (8.1%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how MGA ranks differently.
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