Compare today's XOF to MGA (CFA Franc BCEAO to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 XOF = 7.9712 MGA
Updated about 1 hours ago
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All you need to know about CFA Franc BCEAO to Malagasy Ariary money transfers
Easily compare money transfer providers in one place to send money from Republic of Congo to Madagascar. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) 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.
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Latest XOF to MGA Conversion Rates
Here are some latest XOF to MGA (CFA Franc BCEAO to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 XOF | 7.97 MGA |
| 5 XOF | 39.86 MGA |
| 10 XOF | 79.71 MGA |
| 25 XOF | 199.28 MGA |
| 50 XOF | 398.56 MGA |
| 100 XOF | 797.12 MGA |
| 150 XOF | 1,195.68 MGA |
| 200 XOF | 1,594.24 MGA |
| 250 XOF | 1,992.80 MGA |
| 300 XOF | 2,391.36 MGA |
| 400 XOF | 3,188.48 MGA |
| 500 XOF | 3,985.60 MGA |
| 600 XOF | 4,782.72 MGA |
| 700 XOF | 5,579.84 MGA |
| 800 XOF | 6,376.96 MGA |
| 1,000 XOF | 7,971.20 MGA |
| 1,500 XOF | 11,956.80 MGA |
| 2,000 XOF | 15,942.40 MGA |
| 2,500 XOF | 19,928.00 MGA |
| 3,000 XOF | 23,913.60 MGA |
| 4,000 XOF | 31,884.80 MGA |
| 5,000 XOF | 39,856.00 MGA |
| 10,000 XOF | 79,712.00 MGA |
| 15,000 XOF | 119,568.00 MGA |
| 20,000 XOF | 159,424.00 MGA |
| 30,000 XOF | 239,136.00 MGA |
| 40,000 XOF | 318,848.00 MGA |
| 50,000 XOF | 398,560.00 MGA |
| 100,000 XOF | 797,120.00 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 to Madagascar from Congo?
It can be very confusing when sending money from Congo to Madagascar given so many choices. Additionally, CFA Franc BCEAO 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 Congo 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 Congo. 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 CFA Franc BCEAO to Malagasy Ariary remittances.
How to get the best rate to transfer money to Madagascar from Congo?
One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Madagascar.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Congo to Madagascar transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.
You may also want to sign up for our free exchange rate alert for your XOF to Malagasy Ariary money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.
What's the cheapest way to send money from Congo to Madagascar?
While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Congo to Madagascar via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.A sure way to find the most cost effective way for CFA Franc BCEAO to Malagasy Ariary remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.
Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Congo to Madagascar exchange rate.
Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for XOF to MGA remittances.
How to send money from Congo to Madagascar through a bank?
We do not recommend using your local bank in Congo for your next XOF to MGA overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Congo to Madagascar (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.
Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending MGA to Madagascar. These companies will let you use your local bank account in Congo to pay for your Madagascar money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
How to send money from Congo to Madagascar fast?
It could be a stressful experience if you need to rush money quickly from Congo to Madagascar. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?First, you should ensure that you are picking the right payment method to convert XOF to MGA. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.
Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Malagasy Ariary. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.
Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Congo to Madagascar money transfers.
Which are the best money transfer companies to send money to Madagascar from Congo?
Since the CFA Franc BCEAO to Malagasy Ariary money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Congo that may also be able to send money to Madagascar. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.
To further decrease the cost of your XOF to MGA money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Madagascar gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Congo to Madagascar transaction.
Step by step guide to do a money transfer from Congo to Madagascar
Follow the below easy steps to send money to Madagascar from Congo.- 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 Congo 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.