Official exchange rate, LCU per USD, period average in Madagascar

Madagascar: Official exchange rate, LCU per USD, period average was 4,415 in 2026. ◆ Volatile

Latest (2026)
4,415
Change on year
down 2.4%
World rank
15th
of 193 countries
All-time high
4,527
in 2024
All-time low
208.91
in 1987
Years of data
40
1987–2026

Official exchange rate, LCU per USD, period average in Madagascar, 1987–2026

01.0k2.0k3.0k4.0k5.0k1987200620261987: 208.91988: 274.91989: 313.31990: 291.91991: 358.61992: 364.21993: 373.91994: 545.11995: 787.61996: 769.41997: 925.61998: 1.0k1999: 1.2k2000: 1.3k2001: 1.3k2002: 1.3k2003: 1.2k2004: 1.7k2005: 2.0k2006: 2.2k2007: 1.9k2008: 1.7k2009: 2.0k2010: 2.1k2011: 2.0k2012: 2.2k2013: 2.2k2014: 2.5k2015: 3.1k2016: 3.2k2017: 3.1k2018: 3.3k2019: 3.6k2020: 3.8k2021: 3.8k2022: 4.1k2023: 4.4k2024: 4.5k2025: 4.5k2026: 4.4k

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 4,415.

The figure is down 2.4% on the previous year and up 39.3% 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 193 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.

Averages by decade

DecadeAverage LowestHighest 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 4,236 3,761 4,527 7

Countries ranked near Madagascar

  1. 12 Guinea 8,770 compare
  2. 13 Paraguay 6,573 compare
  3. 14 Turkmenistan 5,200 compare
  4. 16 Cambodia 4,026 compare
  5. 17 Colombia 3,697 compare
  6. 18 Uganda 3,618 compare

See the full ranking of 194 places →

More reference data data for Madagascar

All data for Madagascar →

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 4,415 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 193 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 39.3%. 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

Indicator
Official exchange rate, LCU per USD, period average
Source
World Bank staff calculations based on Datastream and IMF International Finance Statistics data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
194 places, 7,533 data points, 1987–2026
Last refreshed

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).