The Malagasy Franc (MGF) is obsolete. It was replaced with the Malagasy Ariary (MGA) on January 1, 2005.
One MGA is equivalent to 5 MGF.

Electronic Gulden (EFL) and Malagasy Ariary (MGA) Currency Exchange Rate Conversion Calculator

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This Electronic Gulden and Malagasy Franc convertor is up to date with exchange rates from September 19, 2026.

Enter the amount to be converted in the box to the left of Electronic Gulden. Use "Swap currencies" to make Malagasy Franc the default currency. Click on Malagasy Francs or Electronic Guldens to convert between that currency and all other currencies.
Madagascar
Other countries and currencies

The Electronic Gulden is the currency in no countries. The Malagasy Franc is the currency in Madagascar (MG, MDG). The symbol for EFL can be written EFL. The symbol for MGF can be written FMG. The Malagasy Franc is divided into 100 centimes. The exchange rate for the Electronic Gulden was last updated on December 4, 2019 from coinmarketcap.com. The exchange rate for the Malagasy Franc was last updated on September 18, 2026 from MSN. The EFL conversion factor has 12 significant digits. The MGF conversion factor has 4 significant digits.


EFL MGF
coinmill.com
10.000 14,500
20.000 28,950
50.000 72,400
100.000 144,800
200.000 289,600
500.000 723,950
1000.000 1,447,900
2000.000 2,895,750
5000.000 7,239,400
10,000.000 14,478,750
20,000.000 28,957,550
50,000.000 72,393,800
100,000.000 144,787,650
200,000.000 289,575,250
500,000.000 723,938,150
1,000,000.000 1,447,876,300
2,000,000.000 2,895,752,550
EFL rate
December 4, 2019
MGF EFL
coinmill.com
20,000 13.813
50,000 34.533
100,000 69.067
200,000 138.133
500,000 345.333
1,000,000 690.667
2,000,000 1381.333
5,000,000 3453.334
10,000,000 6906.667
20,000,000 13,813.335
50,000,000 34,533.337
100,000,000 69,066.675
200,000,000 138,133.349
500,000,000 345,333.373
1,000,000,000 690,666.746
2,000,000,000 1,381,333.492
5,000,000,000 3,453,333.730
MGF rate
September 18, 2026

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