Compare today's EUR to MGA (Euro to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 EUR = 5,197.9866 MGA
Updated about an hour ago
Found 7 Remittance Service Providers
1000 EUR =
5 142 780.00 MGA
Transfer Limit (EUR): 0 - 20000
Locked-In Rate1 EUR = 5,142.7800 MGA
📢 Special exchange rate applied for first transfer
1000 EUR =
5 107 400.10 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,107.4001 MGA
📢 B2B transfers only
1000 EUR =
5 085 100.60 MGA
Transfer Limit (EUR): 12 - 4000
Indicative Rate1 EUR = 5,085.1006 MGA
1000 EUR =
5 057 132.50 MGA
Transfer Limit (EUR): 12 - 100000
Indicative Rate1 EUR = 5,057.1325 MGA
1000 EUR =
5 017 594.00 MGA
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 5,017.5940 MGA
📢 Special exchange rate applied for first transfer
1000 EUR =
5 013 115.60 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,013.1156 MGA
📢 New! Cash pickup available
1000 EUR =
4 964 591.60 MGA
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 4,964.5916 MGA
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 Cyprus 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 Cyprus, we currently have 7 remittance service providers available.
Remitly currently offers the most competitive rate for sending money to Madagascar and their 1 EUR to MGA exchange rate today is 5,142.7800.
The next best Euro to Malagasy Ariary exchange rate today for money transfers to Madagascar is offered by Airwallex (1 EUR = 5,107.4001 MGA).
Dahabshiil and TalkRemit are amongst other competitive providers to consider for Cyprus to Madagascar money transfers.
Were you looking to send money from Madagascar to Cyprus instead?
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.
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.
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 | 5,197.99 MGA |
| 5 EUR | 25,989.93 MGA |
| 10 EUR | 51,979.87 MGA |
| 25 EUR | 129,949.67 MGA |
| 50 EUR | 259,899.33 MGA |
| 100 EUR | 519,798.66 MGA |
| 150 EUR | 779,697.99 MGA |
| 200 EUR | 1,039,597.32 MGA |
| 250 EUR | 1,299,496.65 MGA |
| 300 EUR | 1,559,395.98 MGA |
| 400 EUR | 2,079,194.64 MGA |
| 500 EUR | 2,598,993.30 MGA |
| 600 EUR | 3,118,791.96 MGA |
| 700 EUR | 3,638,590.62 MGA |
| 800 EUR | 4,158,389.28 MGA |
| 1,000 EUR | 5,197,986.60 MGA |
| 1,500 EUR | 7,796,979.90 MGA |
| 2,000 EUR | 10,395,973.20 MGA |
| 2,500 EUR | 12,994,966.50 MGA |
| 3,000 EUR | 15,593,959.80 MGA |
| 4,000 EUR | 20,791,946.40 MGA |
| 5,000 EUR | 25,989,933.00 MGA |
| 10,000 EUR | 51,979,866.00 MGA |
| 15,000 EUR | 77,969,799.00 MGA |
| 20,000 EUR | 103,959,732.00 MGA |
| 30,000 EUR | 155,939,598.00 MGA |
| 40,000 EUR | 207,919,464.00 MGA |
| 50,000 EUR | 259,899,330.00 MGA |
| 100,000 EUR | 519,798,660.00 MGA |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to transfer money from Cyprus to Madagascar?
There are many good choices when it comes to sending money from Cyprus to Madagascar. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Euro to MGA money transfers.We compare different remittance companies to bring you the best options to send money to Madagascar from Cyprus. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.
Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Euro to Malagasy Ariary money transfers. You can take advantage of these deals and make the most of your hard earned money.
How to get the best rate to transfer money to Madagascar from Cyprus?
When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your EUR to Malagasy Ariary money transfer.Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Cyprus to Madagascar. We carefully select providers to give you the best choices for sending money internationally.
Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for EUR to MGA remittances. With our daily free rate alert, you will never have to manually search and compare providers again.
What's the cheapest way for transferring money to Madagascar from Cyprus?
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 Cyprus 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 Euro 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 Cyprus 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 EUR to MGA remittances.
Should I use my bank to send money from Cyprus 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 EUR 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 Cyprus 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 Cyprus. They do this by letting you fund your transaction through your local bank account in Cyprus, 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 from Cyprus to Madagascar fast?
The speed of your Euro to Malagasy Ariary funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert EUR to MGA. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
One possible approach that will help you send money fast to Madagascar from Cyprus is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Madagascar if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.
One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout MGA into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Cyprus bank to Madagascar bank transfer.
Which are the best money transfer companies to transfer money from Cyprus to Madagascar?
Comparing money transfer companies for sending money to Madagascar from Cyprus can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Madagascar. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Euro to Malagasy Ariary transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?
Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Malagasy Ariary yield on every Euro that you send.
Step by step guide to transfer money to Madagascar from Cyprus
There are many important aspects of Cyprus 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 - Cyprus 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 Euro amount you want to send from Cyprus.
- 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.