Compare today's EUR to MGA (Euro to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 EUR = 5,228.7082 MGA
Updated about an hour ago
Found 5 Remittance Service Providers
1000 EUR =
5 183 580.70 MGA
Transfer Limit (EUR): 0 - 7500
Indicative Rate1 EUR = 5,183.5807 MGA
1000 EUR =
5 183 580.70 MGA
Transfer Limit (EUR): 12 - 100000
Indicative Rate1 EUR = 5,183.5807 MGA
1000 EUR =
5 172 076.80 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,172.0768 MGA
📢 B2B transfers only
1000 EUR =
5 141 565.00 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,141.5650 MGA
📢 New! Cash pickup available
1000 EUR =
5 074 236.40 MGA
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 5,074.2364 MGA
📢 Special exchange rate applied for first transfer
0 Remit Service Providers did not match the search criteria.
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
All you need to know about Euro to Malagasy Ariary money transfers
Easily compare money transfer providers in one place to send money from Bulgaria to Madagascar. Send money overseas to your loved ones by comparing Euro (EUR) 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.
When making a money transfer to Madagascar from Bulgaria, we currently have 5 remittance service providers available.
Dahabshiil currently offers the most competitive rate for sending money to Madagascar and their 1 EUR to MGA exchange rate today is 5,183.5807.
The next best Euro to Malagasy Ariary exchange rate today for money transfers to Madagascar is offered by TalkRemit (1 EUR = 5,183.5807 MGA).
Airwallex and XE Money Transfer are amongst other competitive providers to consider for Bulgaria to Madagascar money transfers.
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 Bulgaria.
Were you looking to send money from Madagascar to Bulgaria instead?
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 EUR to MGA Conversion Rates
Here are some latest EUR to MGA (Euro to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 EUR | 5,228.71 MGA |
| 5 EUR | 26,143.54 MGA |
| 10 EUR | 52,287.08 MGA |
| 25 EUR | 130,717.71 MGA |
| 50 EUR | 261,435.41 MGA |
| 100 EUR | 522,870.82 MGA |
| 150 EUR | 784,306.23 MGA |
| 200 EUR | 1,045,741.64 MGA |
| 250 EUR | 1,307,177.05 MGA |
| 300 EUR | 1,568,612.46 MGA |
| 400 EUR | 2,091,483.28 MGA |
| 500 EUR | 2,614,354.10 MGA |
| 600 EUR | 3,137,224.92 MGA |
| 700 EUR | 3,660,095.74 MGA |
| 800 EUR | 4,182,966.56 MGA |
| 1,000 EUR | 5,228,708.20 MGA |
| 1,500 EUR | 7,843,062.30 MGA |
| 2,000 EUR | 10,457,416.40 MGA |
| 2,500 EUR | 13,071,770.50 MGA |
| 3,000 EUR | 15,686,124.60 MGA |
| 4,000 EUR | 20,914,832.80 MGA |
| 5,000 EUR | 26,143,541.00 MGA |
| 10,000 EUR | 52,287,082.00 MGA |
| 15,000 EUR | 78,430,623.00 MGA |
| 20,000 EUR | 104,574,164.00 MGA |
| 30,000 EUR | 156,861,246.00 MGA |
| 40,000 EUR | 209,148,328.00 MGA |
| 50,000 EUR | 261,435,410.00 MGA |
| 100,000 EUR | 522,870,820.00 MGA |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to do Bulgaria to Madagascar money transfers?
It can be very confusing when sending money from Bulgaria to Madagascar given so many choices. Additionally, Euro 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 Bulgaria 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 Bulgaria. 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 Euro to Malagasy Ariary remittances.
How to get the best exchange rate for sending money from Bulgaria to Madagascar?
With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Bulgaria to Madagascar transfers.RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your EUR to Malagasy Ariary international money transfers.
To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Euro to Malagasy Ariary exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.
What's the cheapest way for transferring money to Madagascar from Bulgaria?
One of the most important things to watch out for is hidden fees when sending money to Madagascar from Bulgaria. 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 EUR 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 Bulgaria.
How to send money to Madagascar from Bulgaria through a bank?
Bank transfers have been a traditionally popular way to send money overseas from Bulgaria to Madagascar. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the EUR to MGA exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.
We, therefore, recommend that before you use your Bulgaria bank for your Madagascar money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.
How to send money to Madagascar from Bulgaria fast?
If you need to convert EUR to MGA as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Bulgaria to Madagascar could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.
Apart from the above, there are many other factors that can have an impact on your Euro to Malagasy Ariary funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Madagascar.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Bulgaria to Madagascar. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.
Which are the best money transfer companies to send money to Madagascar from Bulgaria?
The first step in selecting the best money transfer operators for Bulgaria to Madagascar remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.
Another factor that may help you decide which provider to go with would be any coupons and deals available for Euro to Malagasy Ariary money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Madagascar.
Step by step guide to send money from Bulgaria to Madagascar
Follow the below easy steps to send money to Madagascar from Bulgaria.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Bulgaria bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Madagascar).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.