The Malagasy Franc (MGF) is obsolete.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.

Malagasy Ariary (MGA) and Nigerian Naira (NGN) Currency Exchange Rate Conversion Calculator

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This Malagasy Franc and Nigerian Naira convertor is up to date with exchange rates from October 23, 2026.

Enter the amount to be converted in the box to the left of Malagasy Franc. Use "Swap currencies" to make Nigerian Naira the default currency. Click on Nigerian Nairas or Malagasy Francs to convert between that currency and all other currencies.

Madagascar
Nigeria
Other countries and currencies

The Malagasy Franc is the currency in Madagascar (MG, MDG). The Nigerian Naira is the currency in Nigeria (NG, NGA). The symbol for MGF can be written FMG. The symbol for NGN can be written N. The Malagasy Franc is divided into 100 centimes. The Nigerian Naira is divided into 100 kobo. The exchange rate for the Malagasy Franc was last updated on October 23, 2026 from MSN. The exchange rate for the Nigerian Naira was last updated on October 22, 2026 from MSN. The MGF conversion factor has 4 significant digits. The NGN conversion factor has 2 significant digits.


MGF NGN
coinmill.com
20,000 1162
50,000 2905
100,000 5811
200,000 11,622
500,000 29,055
1,000,000 58,109
2,000,000 116,218
5,000,000 290,545
10,000,000 581,091
20,000,000 1,162,182
50,000,000 2,905,455
100,000,000 5,810,909
200,000,000 11,621,818
500,000,000 29,054,545
1,000,000,000 58,109,091
2,000,000,000 116,218,182
5,000,000,000 290,545,455
MGF rate
October 23, 2026
NGN MGF
coinmill.com
1000 17,200
2000 34,400
5000 86,050
10,000 172,100
20,000 344,200
50,000 860,450
100,000 1,720,900
200,000 3,441,800
500,000 8,604,500
1,000,000 17,209,000
2,000,000 34,418,000
5,000,000 86,045,050
10,000,000 172,090,100
20,000,000 344,180,250
50,000,000 860,450,550
100,000,000 1,720,901,150
200,000,000 3,441,802,250
NGN rate
October 22, 2026

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