Official exchange rate in Madagascar
Madagascar: Official exchange rate was 4,530 LCU per US$, period average in 2025. ◆ Volatile
Latest (2025)
4,530 LCU per US$, period average
Change on year
up 0.1%
World rank
11th
of 215 countries
All-time high
4,530 LCU per US$, period average
in 2025
All-time low
42.26 LCU per US$, period average
in 1980
Years of data
66
1960–2025
Official exchange rate in Madagascar, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
The most recent figure for official exchange rate in Madagascar is 4,530 LCU per US$, period average, measured in 2025. That is the highest value across all 66 years on record.
The figure is up 0.1% on the previous year and up 54.4% over ten years.
Over the whole period, official exchange rate in Madagascar peaked at 4,530 LCU per US$, period average in 2025 and was at its lowest, 42.26 LCU per US$, period average, in 1980.
Madagascar ranks 11th of 215 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Official exchange rate in Madagascar, year by year
| Year | LCU per US$, period average | Change |
|---|---|---|
| 1960 | 49.37 LCU per US$, period average | — |
| 1961 | 49.37 LCU per US$, period average | +0.0% |
| 1962 | 49.37 LCU per US$, period average | +0.0% |
| 1963 | 49.37 LCU per US$, period average | +0.0% |
| 1964 | 49.37 LCU per US$, period average | +0.0% |
| 1965 | 49.37 LCU per US$, period average | +0.0% |
| 1966 | 49.37 LCU per US$, period average | +0.0% |
| 1967 | 49.37 LCU per US$, period average | +0.0% |
| 1968 | 49.37 LCU per US$, period average | +0.0% |
| 1969 | 51.94 LCU per US$, period average | +5.2% |
| 1970 | 55.54 LCU per US$, period average | +6.9% |
| 1971 | 55.43 LCU per US$, period average | -0.2% |
| 1972 | 50.41 LCU per US$, period average | -9.1% |
| 1973 | 44.58 LCU per US$, period average | -11.6% |
| 1974 | 48.14 LCU per US$, period average | +8.0% |
| 1975 | 42.86 LCU per US$, period average | -11.0% |
| 1976 | 47.79 LCU per US$, period average | +11.5% |
| 1977 | 49.14 LCU per US$, period average | +2.8% |
| 1978 | 45.13 LCU per US$, period average | -8.2% |
| 1979 | 42.54 LCU per US$, period average | -5.7% |
| 1980 | 42.26 LCU per US$, period average | -0.7% |
| 1981 | 54.35 LCU per US$, period average | +28.6% |
| 1982 | 69.95 LCU per US$, period average | +28.7% |
| 1983 | 86.09 LCU per US$, period average | +23.1% |
| 1984 | 115.33 LCU per US$, period average | +34.0% |
| 1985 | 132.5 LCU per US$, period average | +14.9% |
| 1986 | 135.27 LCU per US$, period average | +2.1% |
| 1987 | 213.84 LCU per US$, period average | +58.1% |
| 1988 | 281.42 LCU per US$, period average | +31.6% |
| 1989 | 320.69 LCU per US$, period average | +14.0% |
| 1990 | 298.83 LCU per US$, period average | -6.8% |
| 1991 | 367.07 LCU per US$, period average | +22.8% |
| 1992 | 372.79 LCU per US$, period average | +1.6% |
| 1993 | 382.76 LCU per US$, period average | +2.7% |
| 1994 | 613.47 LCU per US$, period average | +60.3% |
| 1995 | 853.13 LCU per US$, period average | +39.1% |
| 1996 | 812.25 LCU per US$, period average | -4.8% |
| 1997 | 1,018 LCU per US$, period average | +25.4% |
| 1998 | 1,088 LCU per US$, period average | +6.9% |
| 1999 | 1,257 LCU per US$, period average | +15.5% |
| 2000 | 1,354 LCU per US$, period average | +7.7% |
| 2001 | 1,318 LCU per US$, period average | -2.6% |
| 2002 | 1,366 LCU per US$, period average | +3.7% |
| 2003 | 1,238 LCU per US$, period average | -9.4% |
| 2004 | 1,869 LCU per US$, period average | +50.9% |
| 2005 | 2,003 LCU per US$, period average | +7.2% |
| 2006 | 2,142 LCU per US$, period average | +7.0% |
| 2007 | 1,874 LCU per US$, period average | -12.5% |
| 2008 | 1,708 LCU per US$, period average | -8.8% |
| 2009 | 1,956 LCU per US$, period average | +14.5% |
| 2010 | 2,090 LCU per US$, period average | +6.8% |
| 2011 | 2,025 LCU per US$, period average | -3.1% |
| 2012 | 2,195 LCU per US$, period average | +8.4% |
| 2013 | 2,207 LCU per US$, period average | +0.5% |
| 2014 | 2,415 LCU per US$, period average | +9.4% |
| 2015 | 2,934 LCU per US$, period average | +21.5% |
| 2016 | 3,177 LCU per US$, period average | +8.3% |
| 2017 | 3,116 LCU per US$, period average | -1.9% |
| 2018 | 3,335 LCU per US$, period average | +7.0% |
| 2019 | 3,618 LCU per US$, period average | +8.5% |
| 2020 | 3,788 LCU per US$, period average | +4.7% |
| 2021 | 3,830 LCU per US$, period average | +1.1% |
| 2022 | 4,096 LCU per US$, period average | +6.9% |
| 2023 | 4,430 LCU per US$, period average | +8.1% |
| 2024 | 4,525 LCU per US$, period average | +2.2% |
| 2025 | 4,530 LCU per US$, period average | +0.1% |
Madagascar compared with similar countries
- Madagascar's 4,530 LCU per US$, period average is above the median for low income countries, which is 581.93 LCU per US$, period average, 7.8× the median. (24 countries reporting)
- Madagascar's 4,530 LCU per US$, period average is above the median for Sub-Saharan Africa, which is 581.93 LCU per US$, period average, 7.8× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Official exchange rate in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +60.3% | 382.76 LCU per US$, period average | 613.47 LCU per US$, period average |
| 1987 | +58.1% | 135.27 LCU per US$, period average | 213.84 LCU per US$, period average |
| 2004 | +50.9% | 1,238 LCU per US$, period average | 1,869 LCU per US$, period average |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 49.63 LCU per US$, period average | 49.37 LCU per US$, period average | 51.94 LCU per US$, period average | 10 |
| 1970s | 48.16 LCU per US$, period average | 42.54 LCU per US$, period average | 55.54 LCU per US$, period average | 10 |
| 1980s | 145.17 LCU per US$, period average | 42.26 LCU per US$, period average | 320.69 LCU per US$, period average | 10 |
| 1990s | 706.35 LCU per US$, period average | 298.83 LCU per US$, period average | 1,257 LCU per US$, period average | 10 |
| 2000s | 1,683 LCU per US$, period average | 1,238 LCU per US$, period average | 2,142 LCU per US$, period average | 10 |
| 2010s | 2,711 LCU per US$, period average | 2,025 LCU per US$, period average | 3,618 LCU per US$, period average | 10 |
| 2020s | 4,200 LCU per US$, period average | 3,788 LCU per US$, period average | 4,530 LCU per US$, period average | 6 |
Countries ranked near Madagascar
- 8 Guinea 9,565 LCU per US$, period average compare
- 9 Paraguay 7,545 LCU per US$, period average compare
- 10 Turkmenistan 5,200 LCU per US$, period average compare
- 12 Colombia 4,053 LCU per US$, period average compare
- 13 Cambodia 4,013 LCU per US$, period average compare
- 14 Uganda 3,603 LCU per US$, period average compare
More financial sector data for Madagascar
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.28 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.9354 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.28 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is official exchange rate in Madagascar?
- Official exchange rate in Madagascar was 4,530 LCU per US$, period average in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Madagascar?
- The highest recorded value was 4,530 LCU per US$, period average in 2025.
- What is the lowest official exchange rate recorded in Madagascar?
- The lowest recorded value was 42.26 LCU per US$, period average in 1980.
- How does Madagascar rank for official exchange rate?
- Madagascar ranks 11th out of 215 countries with data for 2025.
- Is official exchange rate rising or falling in Madagascar?
- Over the last ten years it is up 54.4%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.