📈 Canada to Madagascar Money Transfer Snapshot Today
- Most MGA received for CAD 1,000 today: MGA 3,242,740.20 with MoneyGram (Debit Card → Mobile Wallet)
- Best CAD to MGA exchange rate today: MGA 3,242.7402, offered by MoneyGram
- Number of money transfer providers compared: 10 providers offering 30 ways to send
- Exchange rate range: MGA 3,242.7402 to MGA 3,090.0000
- Potential savings on CAD 1,000: up to MGA 152,740.20, fees included
- Zero fee transfers: 5 of 10 providers charge no fee for CAD 1,000
- Number of deals and promo codes: 9, all exclusive to RemitFinder
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real CAD to MGA exchange rate before providers add their margin or fees. exchange rate: 1 CAD = MGA 3,242.0899 (Updated about an hour ago)
See detailed Canada to Madagascar money transfer comparison below.
Canada to Madagascar money transfer providers that matched the search criteria
Best value
1,000 CAD =
3 242 740.20 MGA
Better than mid-market by 0.20 CAD (0.02%), after feesⓘEverything this transfer costs you: the fee plus the exchange rate markup, compared with the mid-market rate.
Payment → Delivery
Debit Card or Cash → Mobile Wallet
Fee
No fee
Exchange rate
3,242.7402
0.02% better than mid-market
Speed
Within 30 minutes
Transfer Limit
Up to 1,540 CAD
1,000 CAD =
3 232 144.60 MGA
Total cost 3.07 CAD (0.31%)ⓘEverything this transfer costs you: the fee plus the exchange rate markup, compared with the mid-market rate.
Payment → Delivery
Bank Account, Debit Card or Google Pay → Mobile Wallet
Fee
No fee
Exchange rate
3,232.1446
0.31% below mid-market
Speed
Within 30 minutes estimatedⓘThis provider does not publish its delivery time. We have estimated it from typical times for this delivery method.
Transfer Limit
No limits
1,000 CAD =
3 218 153.40 MGA
Total cost 7.38 CAD (0.74%)ⓘEverything this transfer costs you: the fee plus the exchange rate markup, compared with the mid-market rate.
Payment → Delivery
Bank Account → Bank Account
Fee
No fee
Exchange rate
3,218.1534
0.74% below mid-market
Speed
About 2 hours
Transfer Limit
No limits
1,000 CAD =
≈3 197 920.00 MGA
Total cost ≈ 13.62 CAD (1.36%)ⓘEverything this transfer costs you: the fee plus the exchange rate markup, compared with the mid-market rate.
Payment → Delivery
Bank Account → Bank Account
Fee
~0.00 CAD estimatedⓘThis provider does not publish its fee. We have estimated it from the average fee other providers charge for the same payment and delivery methods.
Exchange rate
3,197.9200
1.36% below mid-market
Speed
2–4 days estimatedⓘThis provider does not publish its delivery time. We have estimated it from typical times for this delivery method.
Transfer Limit
Up to 20,000 CAD
1,000 CAD =
3 178 557.70 MGA
Total cost 19.60 CAD (1.96%)ⓘEverything this transfer costs you: the fee plus the exchange rate markup, compared with the mid-market rate.
Payment → Delivery
Bank Account → Bank Account
Fee
No fee
Exchange rate
3,178.5577
1.96% below mid-market
Speed
2–4 days estimatedⓘThis provider does not publish its delivery time. We have estimated it from typical times for this delivery method.
Transfer Limit
No limits
1,000 CAD =
3 136 675.31 MGA
Total cost 32.55 CAD (3.25%)ⓘEverything this transfer costs you: the fee plus the exchange rate markup, compared with the mid-market rate.
Payment → Delivery
Bank Account → Mobile Wallet
Fee
0.99 CAD
Exchange rate
3,139.7837
3.16% below mid-market
Speed
Within 30 minutes estimatedⓘThis provider does not publish its delivery time. We have estimated it from typical times for this delivery method.
Transfer Limit
No limits
1,000 CAD =
3 128 103.76 MGA
Total cost 35.22 CAD (3.52%)ⓘEverything this transfer costs you: the fee plus the exchange rate markup, compared with the mid-market rate.
Payment → Delivery
Bank Account → Mobile Wallet
Fee
1.99 CAD
Exchange rate
3,134.3411
3.32% below mid-market
Speed
Within 30 minutes estimatedⓘThis provider does not publish its delivery time. We have estimated it from typical times for this delivery method.
Transfer Limit
No limits
1,000 CAD =
3 108 556.27 MGA
Total cost 41.34 CAD (4.13%)ⓘEverything this transfer costs you: the fee plus the exchange rate markup, compared with the mid-market rate.
Payment → Delivery
Mobile Wallet → Mobile Wallet
Fee
3.99 CAD
Exchange rate
3,121.0091
3.73% below mid-market
Speed
Within 30 minutes estimatedⓘThis provider does not publish its delivery time. We have estimated it from typical times for this delivery method.
Transfer Limit
From 10 CAD
1,000 CAD =
3 108 556.27 MGA
Total cost 41.34 CAD (4.13%)ⓘEverything this transfer costs you: the fee plus the exchange rate markup, compared with the mid-market rate.
Payment → Delivery
Mobile Wallet → Mobile Wallet
Fee
3.99 CAD
Exchange rate
3,121.0091
3.73% below mid-market
Speed
Within 30 minutes estimatedⓘThis provider does not publish its delivery time. We have estimated it from typical times for this delivery method.
Transfer Limit
10 – 100,000 CAD
1,000 CAD =
3 090 000.00 MGA
Total cost 46.91 CAD (4.69%)ⓘEverything this transfer costs you: the fee plus the exchange rate markup, compared with the mid-market rate.
Payment → Delivery
Debit Card → Mobile Wallet
Fee
No fee
Exchange rate
3,090.0000
4.69% below mid-market
Speed
Within 30 minutes estimatedⓘThis provider does not publish its delivery time. We have estimated it from typical times for this delivery method.
Transfer Limit
Up to 3,500 CAD
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💡What these rates mean for sending money to Madagascar from Canada today
Compare top-rated money transfer providers to find the best way to remit money to Madagascar from Canada. Check today's CAD to MGA exchange rates and fees, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 10 providers offering 30 ways to send for Canada to Madagascar money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Madagascar from Canada
🥇 MoneyGram with MGA 3,242,740.20 for CAD 1,000 (most MGA received today).
🥈 Western Union offering MGA 3,232,144.60.
🥉 Airwallex & Remitly are also offering good value on CAD-MGA transfers today.
The 10 providers compared today offer exchange rates from MGA 3,090.0000 to MGA 3,242.7402. Once fees are included, a CAD 1,000 transfer from Canada to Madagascar delivers between MGA 3,090,000.00 and MGA 3,242,740.20. That means up to MGA 152,740.20 more for your recipient — simply by choosing the right provider.
How you pay matters too: paying by Credit Card instead of Bank Account costs MGA 96,964.34 more with Western Union, for the same Mobile Wallet delivery.
Canadian Dollar to Malagasy Ariary exchange rates and fees change throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate or fee can significantly change how much MGA your recipient receives in Madagascar.
Compare the providers above to maximize every CAD you send to Madagascar. The provider that pays the most for Canadian Dollar to Malagasy Ariary transfers changes daily, so comparing today matters.
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 Canada.
Latest Exchange Rates for Sending Money to Madagascar from Canada
Here are some latest CAD to MGA (Canadian Dollar to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 CAD | 3,242.09 MGA |
| 5 CAD | 16,210.45 MGA |
| 10 CAD | 32,420.90 MGA |
| 25 CAD | 81,052.25 MGA |
| 50 CAD | 162,104.50 MGA |
| 100 CAD | 324,208.99 MGA |
| 150 CAD | 486,313.49 MGA |
| 200 CAD | 648,417.98 MGA |
| 250 CAD | 810,522.48 MGA |
| 300 CAD | 972,626.97 MGA |
| 400 CAD | 1,296,835.96 MGA |
| 500 CAD | 1,621,044.95 MGA |
| 600 CAD | 1,945,253.94 MGA |
| 700 CAD | 2,269,462.93 MGA |
| 800 CAD | 2,593,671.92 MGA |
| 1000 CAD | 3,242,089.90 MGA |
| 1500 CAD | 4,863,134.85 MGA |
| 2000 CAD | 6,484,179.80 MGA |
| 2500 CAD | 8,105,224.75 MGA |
| 3000 CAD | 9,726,269.70 MGA |
| 4000 CAD | 12,968,359.60 MGA |
| 5000 CAD | 16,210,449.50 MGA |
| 10000 CAD | 32,420,899.00 MGA |
| 15000 CAD | 48,631,348.50 MGA |
| 20000 CAD | 64,841,798.00 MGA |
| 30000 CAD | 97,262,697.00 MGA |
| 40000 CAD | 129,683,596.00 MGA |
| 50000 CAD | 162,104,495.00 MGA |
| 100000 CAD | 324,208,990.00 MGA |
*Based on the Mid-market Exchange Rate
What is the best way to send money from Canada to Madagascar?
Foreign exchange rates fluctuate constantly, and it might seem difficult to determine the best timing to transfer money from Canada to Madagascar. How do you ensure that you are getting the best rate and sending money at the right time when you transfer from Canadian Dollar to MGA?You can rely on RemitFinder to compare the best options to send CAD to MGA transfers. Every company listed on our site is an established business we evaluated to ensure you get access to the best exchange rates.
You can also take advantage of exclusive offers and promo codes to maximize your money transfers to Madagascar from Canada. We provide you with maximum choices to send money to Madagascar from Canada by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best CAD to MGA remit rate?
When sending money overseas, there are a lot of options at your disposal. RemitFinder helps you to decide who to pick for your CAD to Malagasy Ariary money transfers by comparing providers side by side.Our comparison engine compares numerous remittance companies and presents you with the best options for sending money from Canada to Madagascar.
Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promo codes for CAD to MGA remittances. With our daily free rate alert, you will never have to manually search and compare providers again.
What is the cheapest way for sending money to Madagascar from Canada?
To send money to Madagascar from Canada, you should try to maximize the money your recipient gets in Malagasy Ariary. Transaction speed, security and other factors notwithstanding, your biggest lever to make the most of your hard earned money is finding the cheapest CAD to MGA money transfer.Some of the traditional ways to send money may not be the cheapest. For example, you may end up paying high fees as well as get sub optimal exchange rate on your transfer from Canada to Madagascar.
That is why comparing providers is key. Use RemitFinder to see find the cheapest money transfer options for getting the best Canada to Madagascar exchange rate. You also get access to many exclusive promo codes and discounts; these help reduce your cost to send Canadian Dollar to Madagascar.
How to transfer money to Madagascar from Canada through a bank?
Bank transfers are a convenient and familiar way to send money overseas from Canada to Madagascar. But they may not be the cheapest option available to you.In general, banks charge high fees (up to USD 35-50, or currency equivalent) and provide lower CAD to MGA exchange rates. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on Canada to Madagascar remittances.
We, therefore, recommend that before you use your Canada bank for your Madagascar money transfers, you explore other options to carefully review your total cost as well as the exchange rate you will get. Combined, these two factors will impact how much Malagasy Ariary your recipient gets in Madagascar.
How to remit money to Madagascar from Canada fast?
Speed can be one of the key factors to consider when sending funds internationally from Canada to Madagascar. This is especially true if you need to send money urgently.To help you convert from CAD to MGA fast, we recommend reading our "all you need to know about remittances" guide. This will help you understand factors that affect transfer speed so you can choose the fastest providers.
If speed was the only factor to consider (for emergency needs), cash transfers may be your best bet - but carrying cash is risky.
Hopefully, you do not find yourself in a crisis where you have to rush Malagasy Ariary quickly to Madagascar, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.
Which are the best money transfer companies to remit money to Madagascar from Canada?
The first step in selecting the best money transfer operators for Canada to Madagascar remittances is to have a list of potential companies that you could use. You can rely on RemitFinder to compare several providers easily.The next part in deciding parameters on which you want to compare providers. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.
Another useful criteria is coupons and deals for Canadian Dollar to Malagasy Ariary money transfers. Using promo codes can help reduce your cost further when sending money overseas.
Step by step guide to remit money to Madagascar from Canada
A key determinant of Canada to Madagascar remittance yield is the money transfer company you choose. Use RemitFinder to compare global providers in an easy to understand view.Once you chosen the company you want to go with, follows the below steps to execute your transfer.
- Create an account with the chosen provider. Provider identification documents and personal information; the provider needs this to ensure that you are a genuine person and comply with regulations.
- Add your payment method - Canada bank account, Credit or Debit Card, or even cash (if supported).
- Choose a delivery method - MGA bank deposit, cash pick, mobile wallet credit, etc.
- Add recipient details including name and address.
- Decide how much Canadian Dollar amount you want to send from Canada.
- Optionally, look for deals or promotions. You can rely on RemitFinder to look for these. Discounts help you save even more, so be sure to use one if available.
- Validate all the information for accuracy and start your transaction.