Compare today's LYD to MGA (Libyan Dinar to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 LYD = 700.8371 MGA
Updated about an hour ago
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All you need to know about Libyan Dinar to Malagasy Ariary money transfers
Easily compare money transfer providers in one place to send money from Libya to Madagascar. Send money overseas to your loved ones by comparing Libyan Dinar (LYD) 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 Libya.
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Latest LYD to MGA Conversion Rates
Here are some latest LYD to MGA (Libyan Dinar to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 LYD | 700.84 MGA |
| 5 LYD | 3,504.19 MGA |
| 10 LYD | 7,008.37 MGA |
| 25 LYD | 17,520.93 MGA |
| 50 LYD | 35,041.85 MGA |
| 100 LYD | 70,083.71 MGA |
| 150 LYD | 105,125.56 MGA |
| 200 LYD | 140,167.42 MGA |
| 250 LYD | 175,209.28 MGA |
| 300 LYD | 210,251.13 MGA |
| 400 LYD | 280,334.84 MGA |
| 500 LYD | 350,418.55 MGA |
| 600 LYD | 420,502.26 MGA |
| 700 LYD | 490,585.97 MGA |
| 800 LYD | 560,669.68 MGA |
| 1,000 LYD | 700,837.10 MGA |
| 1,500 LYD | 1,051,255.65 MGA |
| 2,000 LYD | 1,401,674.20 MGA |
| 2,500 LYD | 1,752,092.75 MGA |
| 3,000 LYD | 2,102,511.30 MGA |
| 4,000 LYD | 2,803,348.40 MGA |
| 5,000 LYD | 3,504,185.50 MGA |
| 10,000 LYD | 7,008,371.00 MGA |
| 15,000 LYD | 10,512,556.50 MGA |
| 20,000 LYD | 14,016,742.00 MGA |
| 30,000 LYD | 21,025,113.00 MGA |
| 40,000 LYD | 28,033,484.00 MGA |
| 50,000 LYD | 35,041,855.00 MGA |
| 100,000 LYD | 70,083,710.00 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 Libya to Madagascar?
Sending money internationally to Madagascar from Libya 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 Libyan Dinar 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 exchange rate for sending money from Libya to Madagascar?
One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Madagascar.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Libya to Madagascar transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.
You may also want to sign up for our free exchange rate alert for your LYD to Malagasy Ariary money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.
What's the cheapest way to send money from Libya to Madagascar?
Finding the cheapest way to send money from Libya 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 LYD 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 Libya 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.
How to send money from Libya 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 Libya 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 LYD to MGA transfers.
Given this, there are umpteen additional options to send money to Madagascar instead of just your Libya 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 Libyan Dinar even more so that your recipient in Madagascar gets the maximum amount.
What is the fastest way to do a money transfer to Madagascar from Libya?
How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Libya to Madagascar. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.To help you convert LYD to MGA fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.
If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Libyan Dinar amount reaching Madagascar. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.
Hopefully, you do not find yourself in a crisis where you have to rush Malagasy Ariary quickly to Madagascar, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.
Which are the best money transfer companies to send money from Libya to Madagascar?
The first step in selecting the best money transfer operators for Libya 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 Libyan Dinar 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 Libya
There are many important aspects of Libya 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 - Libya 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 Libyan Dinar amount you want to send from Libya.
- 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.