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Compare today's CUP to MGA (Cuban Peso to Malagasy Ariary) exchange rates

Cuba
Madagascar
CUP

Interbank Exchange Rate: 1 CUP = 171.5512 MGA
Updated about an hour ago

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All you need to know about Cuban Peso to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from Cuba to Madagascar. Send money overseas to your loved ones by comparing Cuban Peso (CUP) 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 Cuba.

Were you looking to send money from Madagascar to Cuba 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 CUP to MGA Conversion Rates

Here are some latest CUP to MGA (Cuban Peso to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 CUP171.55 MGA
5 CUP857.76 MGA
10 CUP1,715.51 MGA
25 CUP4,288.78 MGA
50 CUP8,577.56 MGA
100 CUP17,155.12 MGA
150 CUP25,732.68 MGA
200 CUP34,310.24 MGA
250 CUP42,887.80 MGA
300 CUP51,465.36 MGA
400 CUP68,620.48 MGA
500 CUP85,775.60 MGA
600 CUP102,930.72 MGA
700 CUP120,085.84 MGA
800 CUP137,240.96 MGA
1,000 CUP171,551.20 MGA
1,500 CUP257,326.80 MGA
2,000 CUP343,102.40 MGA
2,500 CUP428,878.00 MGA
3,000 CUP514,653.60 MGA
4,000 CUP686,204.80 MGA
5,000 CUP857,756.00 MGA
10,000 CUP1,715,512.00 MGA
15,000 CUP2,573,268.00 MGA
20,000 CUP3,431,024.00 MGA
30,000 CUP5,146,536.00 MGA
40,000 CUP6,862,048.00 MGA
50,000 CUP8,577,560.00 MGA
100,000 CUP17,155,120.00 MGA

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


What's the best way to do Cuba to Madagascar money transfers?

It can be very confusing when sending money from Cuba to Madagascar given so many choices. Additionally, Cuban Peso 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 Cuba 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 Cuba. 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 Cuban Peso to Malagasy Ariary remittances.


How to get the best remit rate for transferring money from Cuba to Madagascar?

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 Cuba 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 CUP 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 Cuba to Madagascar?

One of the most important things to watch out for is hidden fees when sending money to Madagascar from Cuba. 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 CUP 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 Cuba.


Should I use my bank to send money from Cuba to Madagascar?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low CUP to MGA exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Cuba to Madagascar money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Madagascar from Cuba. They do this by letting you fund your transaction through your local bank account in Cuba, and by allowing you to choose the payout to be your recipient's bank account in Madagascar. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money to Madagascar from Cuba fast?

The first thing to do when you need to convert CUP 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 Cuban Peso 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 Cuba 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 transfer money to Madagascar from Cuba?

Since the Cuban Peso 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 Cuba 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 CUP 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 Cuba to Madagascar transaction.


Step by step guide to transfer money to Madagascar from Cuba

There are many important aspects of Cuba to Madagascar remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Cuba bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include MGA bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Cuban Peso amount you want to send from Cuba.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

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