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Compare today's LRD to MGA (Liberian Dollar to Malagasy Ariary) exchange rates

Liberia
Madagascar
LRD

Interbank Exchange Rate: 1 LRD = 23.8377 MGA
Updated about an hour ago

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All you need to know about Liberian Dollar to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from Liberia to Madagascar. Send money overseas to your loved ones by comparing Liberian Dollar (LRD) 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 Liberia.

Were you looking to send money from Madagascar to Liberia 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 LRD to MGA Conversion Rates

Here are some latest LRD to MGA (Liberian Dollar to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 LRD23.84 MGA
5 LRD119.19 MGA
10 LRD238.38 MGA
25 LRD595.94 MGA
50 LRD1,191.89 MGA
100 LRD2,383.77 MGA
150 LRD3,575.66 MGA
200 LRD4,767.54 MGA
250 LRD5,959.43 MGA
300 LRD7,151.31 MGA
400 LRD9,535.08 MGA
500 LRD11,918.85 MGA
600 LRD14,302.62 MGA
700 LRD16,686.39 MGA
800 LRD19,070.16 MGA
1,000 LRD23,837.70 MGA
1,500 LRD35,756.55 MGA
2,000 LRD47,675.40 MGA
2,500 LRD59,594.25 MGA
3,000 LRD71,513.10 MGA
4,000 LRD95,350.80 MGA
5,000 LRD119,188.50 MGA
10,000 LRD238,377.00 MGA
15,000 LRD357,565.50 MGA
20,000 LRD476,754.00 MGA
30,000 LRD715,131.00 MGA
40,000 LRD953,508.00 MGA
50,000 LRD1,191,885.00 MGA
100,000 LRD2,383,770.00 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 Liberia 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 Liberia 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 Liberian Dollar 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 LRD 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 Liberia. 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 your money transfers from Liberia 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 Liberia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your LRD 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 LRD 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 send money to Madagascar from Liberia?

The final amount your recipient gets when you send LRD to MGA is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Liberia to Madagascar used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Malagasy Ariary is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Liberian Dollar to Madagascar exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


How to send money from Liberia to Madagascar through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Liberia to Madagascar money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like LRD to MGA transfers.

Given this, there are umpteen additional options to send money to Madagascar instead of just your Liberia bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Liberian Dollar even more so that your recipient in Madagascar gets the maximum amount.


How to send money from Liberia to Madagascar fast?

The first thing to do when you need to convert LRD 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 Liberian Dollar 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 Liberia 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 Liberia?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Liberia to Madagascar, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Liberian Dollar to Malagasy Ariary exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your MGA money transfers to Madagascar. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Madagascar getting more money for every Liberian Dollar you send.


Step by step guide to transfer money to Madagascar from Liberia

There are many important aspects of Liberia to Madagascar remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Liberia bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include MGA bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Liberian Dollar amount you want to send from Liberia.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Madagascar to validate that they get the money once the transaction clears.