Compare today's XOF to MGA (CFA Franc BCEAO to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 XOF = 7.9712 MGA
Updated about an hour 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 Equatorial Guinea 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 Equatorial Guinea?
With the global remittance market booming, there are so many choices for CFA Franc BCEAO to MGA money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Madagascar from Equatorial Guinea. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.
We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final MGA amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.
How to get the best exchange rate for your money transfers from Equatorial Guinea to Madagascar?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Madagascar from Equatorial Guinea. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.One way you could eliminate the manual work to search and compare providers for your XOF to Malagasy Ariary money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.
We are also constantly adding new partners for the Equatorial Guinea to Madagascar corridor to give you more good choices for your next MGA money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to send money from Equatorial Guinea to Madagascar?
Finding the cheapest way to send money from Equatorial Guinea to Madagascar might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer XOF to MGA via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.
Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Equatorial Guinea to Madagascar exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.
Should I use my bank to transfer money from Equatorial Guinea to Madagascar?
Big banks in Equatorial Guinea are known to make a lot of money by charging high fees on Madagascar money transfers from Equatorial Guinea. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.In addition to charging higher than average fees, banks are also notorious for giving you a XOF to MGA exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Madagascar. With our live comparison tool, you can easily compare many good options in one glance.
Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Equatorial Guinea to Madagascar. You work hard for your money, so you should also ensure you get the maximum yield when you send MGA overseas.
How to send money to Madagascar from Equatorial Guinea fast?
The first thing to do when you need to convert XOF 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 CFA Franc BCEAO 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 Equatorial Guinea 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 Equatorial Guinea?
Comparing money transfer companies for sending money to Madagascar from Equatorial Guinea 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 CFA Franc BCEAO 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 CFA Franc BCEAO that you send.
Step by step guide to send money to Madagascar from Equatorial Guinea
Follow the below easy steps to send money to Madagascar from Equatorial Guinea.- 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 Equatorial Guinea 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.