Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's BOB to MGA (Bolivian Boliviano to Malagasy Ariary) exchange rates

Bolivia
Madagascar
BOB

Interbank Exchange Rate: 1 BOB = 640.9813 MGA
Updated about an hour ago

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All you need to know about Bolivian Boliviano to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from Bolivia to Madagascar. Send money overseas to your loved ones by comparing Bolivian Boliviano (BOB) to Malagasy Ariary (MGA) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Bolivia.

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If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest BOB to MGA Conversion Rates

Here are some latest BOB to MGA (Bolivian Boliviano to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 BOB640.98 MGA
5 BOB3,204.91 MGA
10 BOB6,409.81 MGA
25 BOB16,024.53 MGA
50 BOB32,049.07 MGA
100 BOB64,098.13 MGA
150 BOB96,147.20 MGA
200 BOB128,196.26 MGA
250 BOB160,245.33 MGA
300 BOB192,294.39 MGA
400 BOB256,392.52 MGA
500 BOB320,490.65 MGA
600 BOB384,588.78 MGA
700 BOB448,686.91 MGA
800 BOB512,785.04 MGA
1,000 BOB640,981.30 MGA
1,500 BOB961,471.95 MGA
2,000 BOB1,281,962.60 MGA
2,500 BOB1,602,453.25 MGA
3,000 BOB1,922,943.90 MGA
4,000 BOB2,563,925.20 MGA
5,000 BOB3,204,906.50 MGA
10,000 BOB6,409,813.00 MGA
15,000 BOB9,614,719.50 MGA
20,000 BOB12,819,626.00 MGA
30,000 BOB19,229,439.00 MGA
40,000 BOB25,639,252.00 MGA
50,000 BOB32,049,065.00 MGA
100,000 BOB64,098,130.00 MGA

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money from Bolivia to Madagascar?

It can be very confusing when sending money from Bolivia to Madagascar given so many choices. Additionally, Bolivian Boliviano to MGA exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Bolivia to Madagascar as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Madagascar from Bolivia. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Bolivian Boliviano to Malagasy Ariary remittances.


How to get the best exchange rate for sending money from Bolivia to Madagascar?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Madagascar from Bolivia. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your BOB to Malagasy Ariary money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Bolivia to Madagascar corridor to give you more good choices for your next MGA money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money from Bolivia to Madagascar?

One of the most important things to watch out for is hidden fees when sending money to Madagascar from Bolivia. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Madagascar using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Malagasy Ariary foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best BOB to Madagascar exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Madagascar from Bolivia.


Should I use my bank to transfer money from Bolivia to Madagascar?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Bolivia to Madagascar money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like BOB to MGA transfers.

Given this, there are umpteen additional options to send money to Madagascar instead of just your Bolivia bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Bolivian Boliviano even more so that your recipient in Madagascar gets the maximum amount.


What is the fastest way to transfer money from Bolivia to Madagascar?

The first thing to do when you need to convert BOB to MGA quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Bolivian Boliviano and Malagasy Ariary. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Bolivia to Madagascar remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Madagascar.


Which are the best money transfer companies to send money to Madagascar from Bolivia?

Bolivia to Madagascar money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Madagascar as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Bolivian Boliviano to Malagasy Ariary money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to send money to Madagascar from Bolivia

With so many possible ways to transfer Bolivian Boliviano to Malagasy Ariary, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Bolivia to Madagascar remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Bolivia and the receiver in Madagascar. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your BOB to Malagasy Ariary money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.