Official exchange rate, LCU per USD, period average in Madagascar
Madagascar: Official exchange rate, LCU per USD, period average was 4,287 in 2026. ◆ Volatile
Official exchange rate, LCU per USD, period average in Madagascar, 1987–2026
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2026, official exchange rate, lcu per usd, period average in Madagascar stood at 4,287.
The figure is down 5.2% on the previous year and up 35.2% over ten years.
Over the whole period, official exchange rate, lcu per usd, period average in Madagascar peaked at 4,527 in 2024 and was at its lowest, 208.91, in 1987.
That places Madagascar 15th out of 195 countries with data for 2026, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Official exchange rate, LCU per USD, period average in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 1987 | 208.91 | — |
| 1988 | 274.93 | +31.6% |
| 1989 | 313.29 | +14.0% |
| 1990 | 291.93 | -6.8% |
| 1991 | 358.6 | +22.8% |
| 1992 | 364.19 | +1.6% |
| 1993 | 373.92 | +2.7% |
| 1994 | 545.08 | +45.8% |
| 1995 | 787.56 | +44.5% |
| 1996 | 769.41 | -2.3% |
| 1997 | 925.58 | +20.3% |
| 1998 | 1,042 | +12.6% |
| 1999 | 1,215 | +16.6% |
| 2000 | 1,320 | +8.6% |
| 2001 | 1,294 | -1.9% |
| 2002 | 1,300 | +0.4% |
| 2003 | 1,200 | -7.7% |
| 2004 | 1,712 | +42.6% |
| 2005 | 2,022 | +18.1% |
| 2006 | 2,164 | +7.0% |
| 2007 | 1,887 | -12.8% |
| 2008 | 1,716 | -9.1% |
| 2009 | 1,978 | +15.3% |
| 2010 | 2,112 | +6.8% |
| 2011 | 2,027 | -4.0% |
| 2012 | 2,199 | +8.5% |
| 2013 | 2,219 | +0.9% |
| 2014 | 2,475 | +11.5% |
| 2015 | 3,102 | +25.3% |
| 2016 | 3,170 | +2.2% |
| 2017 | 3,095 | -2.3% |
| 2018 | 3,349 | +8.2% |
| 2019 | 3,647 | +8.9% |
| 2020 | 3,761 | +3.1% |
| 2021 | 3,849 | +2.3% |
| 2022 | 4,140 | +7.6% |
| 2023 | 4,434 | +7.1% |
| 2024 | 4,527 | +2.1% |
| 2025 | 4,523 | -0.1% |
| 2026 | 4,287 | -5.2% |
Madagascar compared with similar countries
- Madagascar's 4,287 is above the median for low income countries, which is 563.92, 7.6× the median. (23 countries reporting)
- Madagascar's 4,287 is above the median for Sub-Saharan Africa, which is 563.92, 7.6× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 265.71 | 208.91 | 313.29 | 3 |
| 1990s | 667.25 | 291.93 | 1,215 | 10 |
| 2000s | 1,659 | 1,200 | 2,164 | 10 |
| 2010s | 2,740 | 2,027 | 3,647 | 10 |
| 2020s | 4,217 | 3,761 | 4,527 | 7 |
Countries ranked near Madagascar
More reference data data for Madagascar
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.4459 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 4.82 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 5.9 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.4503 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 5.9 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.5 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.43 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 26.56 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 32.81 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 2.45 (2050)
Frequently asked questions
- What is official exchange rate, lcu per usd, period average in Madagascar?
- Official exchange rate, lcu per usd, period average in Madagascar was 4,287 in 2026, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest official exchange rate, lcu per usd, period average recorded in Madagascar?
- The highest recorded value was 4,527 in 2024.
- What is the lowest official exchange rate, lcu per usd, period average recorded in Madagascar?
- The lowest recorded value was 208.91 in 1987.
- How does Madagascar rank for official exchange rate, lcu per usd, period average?
- Madagascar ranks 15th out of 195 countries with data for 2026.
- Is official exchange rate, lcu per usd, period average rising or falling in Madagascar?
- Over the last ten years it is up 35.2%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Official exchange rate, LCU per USD, period average. Statizoid updates them automatically from the source API.
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About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).