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Compare today's MGA to AWG (Malagasy Ariary to Aruban Florin) exchange rates

Madagascar
Aruba
MGA

Interbank Exchange Rate: 1 MGA = 0.0005 AWG
Updated about an hour ago

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All you need to know about Malagasy Ariary to Aruban Florin money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Aruba. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Aruban Florin (AWG) 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 Madagascar.

Were you looking to send money from Aruba to Madagascar 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 MGA to AWG Conversion Rates

Here are some latest MGA to AWG (Malagasy Ariary to Aruban Florin) exchange rates for popular conversion amounts*.

1 MGA0.00 AWG
5 MGA0.00 AWG
10 MGA0.01 AWG
25 MGA0.01 AWG
50 MGA0.03 AWG
100 MGA0.05 AWG
150 MGA0.08 AWG
200 MGA0.10 AWG
250 MGA0.13 AWG
300 MGA0.15 AWG
400 MGA0.20 AWG
500 MGA0.25 AWG
600 MGA0.30 AWG
700 MGA0.35 AWG
800 MGA0.40 AWG
1,000 MGA0.50 AWG
1,500 MGA0.75 AWG
2,000 MGA1.00 AWG
2,500 MGA1.25 AWG
3,000 MGA1.50 AWG
4,000 MGA2.00 AWG
5,000 MGA2.50 AWG
10,000 MGA5.00 AWG
15,000 MGA7.50 AWG
20,000 MGA10.00 AWG
30,000 MGA15.00 AWG
40,000 MGA20.00 AWG
50,000 MGA25.00 AWG
100,000 MGA50.00 AWG

*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 Madagascar to Aruba?

With the global remittance market booming, there are so many choices for Malagasy Ariary to AWG money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Aruba from Madagascar. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final AWG amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best rate to transfer money to Aruba from 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 Aruba.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Aruba 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 MGA to Aruban Florin 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 Madagascar to Aruba?

One of the most important things to watch out for is hidden fees when sending money to Aruba from Madagascar. 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 Aruba using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Aruban Florin foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MGA to Aruba 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 Aruba from Madagascar.


Should I use my bank to send money from Madagascar to Aruba?

We do not recommend using your local bank in Madagascar for your next MGA to AWG overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Madagascar to Aruba (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending AWG to Aruba. These companies will let you use your local bank account in Madagascar to pay for your Aruba money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money from Madagascar to Aruba fast?

If you need to convert MGA to AWG as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Madagascar to Aruba could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Malagasy Ariary to Aruban Florin funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Aruba.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Madagascar to Aruba. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to transfer money from Madagascar to Aruba?

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 Madagascar to Aruba, 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 Malagasy Ariary to Aruban Florin 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 AWG money transfers to Aruba. 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 Aruba getting more money for every Malagasy Ariary you send.


Step by step guide to transfer money to Aruba from Madagascar

The first step to send money to Aruba from Madagascar 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 MGA to AWG 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 Aruba if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Madagascar bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Aruba!

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 Madagascar to Aruba.