Send money overseas with Regency FX to take advantage of bank-beating exchange rates
Canada
Madagascar
CAD

📈 Canada to Madagascar Money Transfer Snapshot Today

  • Best CAD to MGA exchange rate today: MGA 3,024.0995, offered by Western Union
  • Number of money transfer providers compared: 10
  • Exchange rate range: MGA 3,024.0995 to MGA 2,959.3602
  • Potential savings on CAD 1000: MGA 64,739.30
  • Number of deals and promo codes: 9
  • 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 3,077.5913 (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

WESTERNUNION
Read more about Western Union
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 CAD =
3 024 099.50 MGA
Transfer Limit (CAD): No Limits
Locked-In Rate1 CAD = 3,024.0995 MGA
Refer a friend to earn CAD 20
Get first transfer free in Canada
MONEYGRAM
Read more about MoneyGram
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 CAD =
3 022 696.60 MGA
Transfer Limit (CAD): 0 - 5000
Locked-In Rate1 CAD = 3,022.6966 MGA
dahabshiil
Read more about Dahabshiil
(*)★★ (*)★★ ( )★★ ( )★★ ( )★★
1000 CAD =
3 007 322.80 MGA
Transfer Limit (CAD): 10 - 99990000
Indicative Rate1 CAD = 3,007.3228 MGA
Get first transfer free
talkremit
Read more about TalkRemit
( )★★ ( )★★ ( )★★ ( )★★ ( )★★
1000 CAD =
3 007 322.80 MGA
Transfer Limit (CAD): 10 - 100000
Indicative Rate1 CAD = 3,007.3228 MGA
Get first transfer free
airwallex
Read more about Airwallex
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 CAD =
3 001 056.30 MGA
Transfer Limit (CAD): No Limits
Indicative Rate1 CAD = 3,001.0563 MGA

📢 B2B transfers only
REMITLY
Read more about Remitly
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 CAD =
2 984 570.00 MGA
Transfer Limit (CAD): 0 - 20000
Locked-In Rate1 CAD = 2,984.5700 MGA

📢 Special exchange rate applied for first transfer
taptap-send
Read more about Taptap Send
( )★★ ( )★★ ( )★★ ( )★★ ( )★★
1000 CAD =
2 980 000.00 MGA
Transfer Limit (CAD): 1 - 3500
Indicative Rate1 CAD = 2,980.0000 MGA
sendwave
Read more about Sendwave
(*)★★ ( )★★ ( )★★ ( )★★ ( )★★
1000 CAD =
2 975 050.70 MGA
Transfer Limit (CAD): No Limits
Indicative Rate1 CAD = 2,975.0507 MGA
Get USD 10 credit for first transfer
No transfer fees
WORLDREMIT
Read more about WorldRemit
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 CAD =
2 969 893.60 MGA
Transfer Limit (CAD): No Limits
Locked-In Rate1 CAD = 2,969.8936 MGA
Get 3 free transfers
Refer a friend to earn CAD 30

📢 Special exchange rate applied for first transfer
XEMONEYTX
Read more about XE Money Transfer
(*)★★ (*)★★ (*)★★ ( )★★ ( )★★
1000 CAD =
2 959 360.20 MGA
Transfer Limit (CAD): No Limits
Indicative Rate1 CAD = 2,959.3602 MGA
Refer a friend to earn CAD 25

📢 New! Cash pickup available

Traveling to Madagascar?

If you are planning a trip to Madagascar, stay connected from the moment you arrive. Compare Madagascar eSIM plans from top providers and avoid expensive roaming charges or the hassle of buying a local SIM card.



Instant activation • No physical SIM • Keep your existing number



💡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, read detailed provider reviews, and discover exclusive deals and promo codes.

RemitFinder compared 10 providers 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

🥇 Western Union with 1 CAD = 3,024.0995 MGA (best CAD to MGA exchange rate today).

🥈 MoneyGram offering 1 CAD = 3,022.6966 MGA.

🥉 Dahabshiil & TalkRemit are also providing good FX rate today.

The 10 providers compared today offer exchange rates from MGA 2,959.3602 to MGA 3,024.0995. On a CAD 1000 transfer from Canada to Madagascar, that spread means up to MGA 64,739.30 in potential savings — simply by choosing the right provider.

Canadian Dollar to Malagasy Ariary exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much MGA your recipient receives in Madagascar.

Compare the providers above to maximize every CAD you send to Madagascar. The best Canadian Dollar to Malagasy Ariary transfer rate 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 CAD3,077.59 MGA
5 CAD15,387.96 MGA
10 CAD30,775.91 MGA
25 CAD76,939.78 MGA
50 CAD153,879.57 MGA
100 CAD307,759.13 MGA
150 CAD461,638.70 MGA
200 CAD615,518.26 MGA
250 CAD769,397.83 MGA
300 CAD923,277.39 MGA
400 CAD1,231,036.52 MGA
500 CAD1,538,795.65 MGA
600 CAD1,846,554.78 MGA
700 CAD2,154,313.91 MGA
800 CAD2,462,073.04 MGA
1000 CAD3,077,591.30 MGA
1500 CAD4,616,386.95 MGA
2000 CAD6,155,182.60 MGA
2500 CAD7,693,978.25 MGA
3000 CAD9,232,773.90 MGA
4000 CAD12,310,365.20 MGA
5000 CAD15,387,956.50 MGA
10000 CAD30,775,913.00 MGA
15000 CAD46,163,869.50 MGA
20000 CAD61,551,826.00 MGA
30000 CAD92,327,739.00 MGA
40000 CAD123,103,652.00 MGA
50000 CAD153,879,565.00 MGA
100000 CAD307,759,130.00 MGA

*Based on the Mid-market Exchange Rateⓘ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.. Actual payout may vary based on the chosen money transfer provider.


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.

From this point on, the provider will work on your transfer and keep you posted on the progress. Be sure to check with your recipient in Madagascar to validate that they get the money once the transaction clears.