Today's EUR to MGA Price Update

Summary

This report provides the real-time exchange rate between the Euro (EUR) and the Malagasy Ariary (MGA), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Euro (EUR) is one of the world’s major fiat currencies and the official currency of the Eurozone, while the Malagasy Ariary (MGA) is the national currency of Madagascar. The exchange rate between them reflects market conditions and currency valuation dynamics in the foreign exchange market.

Today’s Price

• 1 EUR = 5,189.64 MGA (as of December 8, 2025, 10:00:25 UTC)
• 24h High: 5,230.04 MGA
• 24h Low: 5,187.97 MGA

Market Analysis

The EUR/MGA pair has demonstrated notable intraday volatility, with the exchange rate fluctuating across a range of approximately 42 pips between the 24-hour high and low levels.

• Technical focus: Support level around 5,187.97 MGA, resistance level near 5,230.04 MGA
• Risk note: Traders should be aware of potential volatility within the established range
• Trading opportunities: Monitor price action near support and resistance levels for potential entry and exit points

Conclusion

Continue to monitor the EUR/MGA pair closely, utilizing technical analysis tools such as moving averages, support and resistance levels, and other market indicators to identify trading opportunities within the current market range.