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Compare today's IDR to MGA (Indonesian Rupiah to Malagasy Ariary) exchange rates

Indonesia
Madagascar
IDR

Interbank Exchange Rate: 1 IDR = 0.2639 MGA
Updated about an hour ago

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All you need to know about Indonesian Rupiah to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from Indonesia to Madagascar. Send money overseas to your loved ones by comparing Indonesian Rupiah (IDR) 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 Indonesia.

Were you looking to send money from Madagascar to Indonesia 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 IDR to MGA Conversion Rates

Here are some latest IDR to MGA (Indonesian Rupiah to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 IDR0.26 MGA
5 IDR1.32 MGA
10 IDR2.64 MGA
25 IDR6.60 MGA
50 IDR13.20 MGA
100 IDR26.39 MGA
150 IDR39.59 MGA
200 IDR52.78 MGA
250 IDR65.98 MGA
300 IDR79.17 MGA
400 IDR105.56 MGA
500 IDR131.95 MGA
600 IDR158.34 MGA
700 IDR184.73 MGA
800 IDR211.12 MGA
1,000 IDR263.90 MGA
1,500 IDR395.85 MGA
2,000 IDR527.80 MGA
2,500 IDR659.75 MGA
3,000 IDR791.70 MGA
4,000 IDR1,055.60 MGA
5,000 IDR1,319.50 MGA
10,000 IDR2,639.00 MGA
15,000 IDR3,958.50 MGA
20,000 IDR5,278.00 MGA
30,000 IDR7,917.00 MGA
40,000 IDR10,556.00 MGA
50,000 IDR13,195.00 MGA
100,000 IDR26,390.00 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 from Indonesia to Madagascar?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Indonesia to Madagascar. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Indonesian Rupiah to MGA.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send IDR to MGA in Madagascar. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Madagascar from Indonesia. We provide you with maximum choices to send money to Madagascar by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best exchange rate for sending money from Indonesia 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 Indonesia. 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 IDR 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 Indonesia 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 for transferring money to Madagascar from Indonesia?

Finding the cheapest way to send money from Indonesia 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 IDR 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 Indonesia 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 Indonesia 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 IDR 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 Indonesia 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 Indonesia. They do this by letting you fund your transaction through your local bank account in Indonesia, 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 Indonesia fast?

The first thing to do when you need to convert IDR 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 Indonesian Rupiah 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 Indonesia 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 Indonesia?

Comparing money transfer companies for sending money to Madagascar from Indonesia 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 Indonesian Rupiah 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 Indonesian Rupiah that you send.


Step by step guide to do a money transfer from Indonesia to Madagascar

The first step to send money to Madagascar from Indonesia 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 IDR 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 Indonesia 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 Indonesia to Madagascar.