Compare today's EUR to MGA (Euro to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 EUR = 5,231.1476 MGA
Updated about an hour ago
Found 3 Remittance Service Providers
1000 EUR =
5 172 076.80 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,172.0768 MGA
📢 B2B transfers only
1000 EUR =
5 141 565.00 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,141.5650 MGA
📢 New! Cash pickup available
1000 EUR =
5 074 236.40 MGA
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 5,074.2364 MGA
📢 Special exchange rate applied for first transfer
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 Estonia 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 Estonia, we currently have 3 remittance service providers available.
Airwallex currently offers the most competitive rate for sending money to Madagascar and their 1 EUR to MGA exchange rate today is 5,172.0768.
The next best Euro to Malagasy Ariary exchange rate today for money transfers to Madagascar is offered by XE Money Transfer (1 EUR = 5,141.5650 MGA).
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 Estonia.
Were you looking to send money from Madagascar to Estonia 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 EUR to MGA Conversion Rates
Here are some latest EUR to MGA (Euro to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 EUR | 5,231.15 MGA |
| 5 EUR | 26,155.74 MGA |
| 10 EUR | 52,311.48 MGA |
| 25 EUR | 130,778.69 MGA |
| 50 EUR | 261,557.38 MGA |
| 100 EUR | 523,114.76 MGA |
| 150 EUR | 784,672.14 MGA |
| 200 EUR | 1,046,229.52 MGA |
| 250 EUR | 1,307,786.90 MGA |
| 300 EUR | 1,569,344.28 MGA |
| 400 EUR | 2,092,459.04 MGA |
| 500 EUR | 2,615,573.80 MGA |
| 600 EUR | 3,138,688.56 MGA |
| 700 EUR | 3,661,803.32 MGA |
| 800 EUR | 4,184,918.08 MGA |
| 1,000 EUR | 5,231,147.60 MGA |
| 1,500 EUR | 7,846,721.40 MGA |
| 2,000 EUR | 10,462,295.20 MGA |
| 2,500 EUR | 13,077,869.00 MGA |
| 3,000 EUR | 15,693,442.80 MGA |
| 4,000 EUR | 20,924,590.40 MGA |
| 5,000 EUR | 26,155,738.00 MGA |
| 10,000 EUR | 52,311,476.00 MGA |
| 15,000 EUR | 78,467,214.00 MGA |
| 20,000 EUR | 104,622,952.00 MGA |
| 30,000 EUR | 156,934,428.00 MGA |
| 40,000 EUR | 209,245,904.00 MGA |
| 50,000 EUR | 261,557,380.00 MGA |
| 100,000 EUR | 523,114,760.00 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 Estonia?
Sending money internationally to Madagascar from Estonia can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Euro to MGA remittances.
Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Madagascar. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Malagasy Ariary.
How to get the best remit rate for transferring money from Estonia to Madagascar?
Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Madagascar from Estonia.At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your EUR to Malagasy Ariary remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.
You can also register for our daily rate alert to stay aware of the latest exchange rates for EUR to MGA remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.
What's the cheapest way to transfer money from Estonia to Madagascar?
One of the most important things to watch out for is hidden fees when sending money to Madagascar from Estonia. 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 EUR 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 Estonia.
Should I use my bank to transfer money from Estonia to Madagascar?
Big banks in Estonia are known to make a lot of money by charging high fees on Madagascar money transfers from Estonia. 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 EUR 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 Estonia 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 from Estonia 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 Estonia 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 Estonia bank to Madagascar bank transfer.
Which are the best money transfer companies to transfer money from Estonia to Madagascar?
The first step in selecting the best money transfer operators for Estonia to Madagascar remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.
Another factor that may help you decide which provider to go with would be any coupons and deals available for Euro to Malagasy Ariary money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Madagascar.
Step by step guide to transfer money to Madagascar from Estonia
The first step to send money to Madagascar from Estonia is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.Once you have a provider chosen, follow these steps to execute your EUR to MGA overseas funds transfer.
- Click through to the provider's site and register an account.
- Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
- Add recipient information including their bank account in Madagascar if paying via ACH direct deposit or bank transfer.
- Enter your sending amount, and initiate a transaction.
- Pay for your transaction via your Estonia bank account or alternative methods like a debit card.
- Sit back and relax, and see your money travel to Madagascar!