Compare today's EUR to MGA (Euro to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 EUR = 5,228.7082 MGA
Updated about an hour ago
Found 4 Remittance Service Providers
1000 EUR =
5 256 810.00 MGA
Transfer Limit (EUR): 0 - 20000
Locked-In Rate1 EUR = 5,256.8100 MGA
📢 Special exchange rate applied for first transfer
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 Latvia 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 Latvia, we currently have 4 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 5,256.8100.
The next best Euro to Malagasy Ariary exchange rate today for money transfers to Madagascar is offered by Airwallex (1 EUR = 5,172.0768 MGA).
XE Money Transfer and WorldRemit are amongst other competitive providers to consider for Latvia to Madagascar money transfers.
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 Latvia.
Were you looking to send money from Madagascar to Latvia 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 | 5,228.71 MGA |
| 5 EUR | 26,143.54 MGA |
| 10 EUR | 52,287.08 MGA |
| 25 EUR | 130,717.71 MGA |
| 50 EUR | 261,435.41 MGA |
| 100 EUR | 522,870.82 MGA |
| 150 EUR | 784,306.23 MGA |
| 200 EUR | 1,045,741.64 MGA |
| 250 EUR | 1,307,177.05 MGA |
| 300 EUR | 1,568,612.46 MGA |
| 400 EUR | 2,091,483.28 MGA |
| 500 EUR | 2,614,354.10 MGA |
| 600 EUR | 3,137,224.92 MGA |
| 700 EUR | 3,660,095.74 MGA |
| 800 EUR | 4,182,966.56 MGA |
| 1,000 EUR | 5,228,708.20 MGA |
| 1,500 EUR | 7,843,062.30 MGA |
| 2,000 EUR | 10,457,416.40 MGA |
| 2,500 EUR | 13,071,770.50 MGA |
| 3,000 EUR | 15,686,124.60 MGA |
| 4,000 EUR | 20,914,832.80 MGA |
| 5,000 EUR | 26,143,541.00 MGA |
| 10,000 EUR | 52,287,082.00 MGA |
| 15,000 EUR | 78,430,623.00 MGA |
| 20,000 EUR | 104,574,164.00 MGA |
| 30,000 EUR | 156,861,246.00 MGA |
| 40,000 EUR | 209,148,328.00 MGA |
| 50,000 EUR | 261,435,410.00 MGA |
| 100,000 EUR | 522,870,820.00 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 Latvia to Madagascar?
There are many good choices when it comes to sending money from Latvia 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 Latvia. 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 exchange rate for sending money from Latvia 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 Latvia. 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 EUR 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 Latvia 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 Latvia?
One of the most important things to watch out for is hidden fees when sending money to Madagascar from Latvia. 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 Latvia.
How to send money to Madagascar from Latvia through a bank?
Big banks in Latvia are known to make a lot of money by charging high fees on Madagascar money transfers from Latvia. 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 Latvia 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 transfer money from Latvia to Madagascar?
The first thing to do when you need to convert EUR 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 Euro 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 Latvia 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 from Latvia to Madagascar?
Since the Euro 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 Latvia 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 EUR 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 Latvia to Madagascar transaction.
Step by step guide to send money to Madagascar from Latvia
The first step to send money to Madagascar from Latvia 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 Latvia bank account or alternative methods like a debit card.
- Sit back and relax, and see your money travel to Madagascar!