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Compare today's ETB to MGA (Ethiopian Birr to Malagasy Ariary) exchange rates

Ethiopia
Madagascar
ETB

Interbank Exchange Rate: 1 ETB = 28.5944 MGA
Updated about an hour ago

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All you need to know about Ethiopian Birr to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from Ethiopia to Madagascar. Send money overseas to your loved ones by comparing Ethiopian Birr (ETB) 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 Ethiopia.

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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 ETB to MGA Conversion Rates

Here are some latest ETB to MGA (Ethiopian Birr to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 ETB28.59 MGA
5 ETB142.97 MGA
10 ETB285.94 MGA
25 ETB714.86 MGA
50 ETB1,429.72 MGA
100 ETB2,859.44 MGA
150 ETB4,289.16 MGA
200 ETB5,718.88 MGA
250 ETB7,148.60 MGA
300 ETB8,578.32 MGA
400 ETB11,437.76 MGA
500 ETB14,297.20 MGA
600 ETB17,156.64 MGA
700 ETB20,016.08 MGA
800 ETB22,875.52 MGA
1,000 ETB28,594.40 MGA
1,500 ETB42,891.60 MGA
2,000 ETB57,188.80 MGA
2,500 ETB71,486.00 MGA
3,000 ETB85,783.20 MGA
4,000 ETB114,377.60 MGA
5,000 ETB142,972.00 MGA
10,000 ETB285,944.00 MGA
15,000 ETB428,916.00 MGA
20,000 ETB571,888.00 MGA
30,000 ETB857,832.00 MGA
40,000 ETB1,143,776.00 MGA
50,000 ETB1,429,720.00 MGA
100,000 ETB2,859,440.00 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 Ethiopia to Madagascar money transfers?

There are many good choices when it comes to sending money from Ethiopia 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 Ethiopian Birr to MGA money transfers.

We compare different remittance companies to bring you the best options to send money to Madagascar from Ethiopia. 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 Ethiopian Birr 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 exchange rate for sending money from Ethiopia to Madagascar?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Ethiopia to Madagascar transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your ETB to Malagasy Ariary international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Ethiopian Birr to Malagasy Ariary exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to transfer money from Ethiopia to Madagascar?

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


Should I use my bank to transfer money from Ethiopia to Madagascar?

Big banks in Ethiopia are known to make a lot of money by charging high fees on Madagascar money transfers from Ethiopia. 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 ETB 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 Ethiopia to Madagascar. You work hard for your money, so you should also ensure you get the maximum yield when you send MGA overseas.


What is the fastest way to do a money transfer to Madagascar from Ethiopia?

The first thing to do when you need to convert ETB 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 Ethiopian Birr 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 Ethiopia 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 send money to Madagascar from Ethiopia?

Since the Ethiopian Birr 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 Ethiopia 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 ETB 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 Ethiopia to Madagascar transaction.


Step by step guide to transfer money to Madagascar from Ethiopia

The first step to send money to Madagascar from Ethiopia 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 ETB 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 Ethiopia bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Madagascar!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Ethiopia to Madagascar.