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Compare today's MGA to EUR (Malagasy Ariary to Euro) exchange rates

Madagascar
Belgium
MGA
Interbank Exchange Rate: 1 MGA = 0.0003 EUR
Updated about an hour ago

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All you need to know about Malagasy Ariary to Euro money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Belgium. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Euro (EUR) 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.

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Latest MGA to EUR Conversion Rates

Here are some latest MGA to EUR (Malagasy Ariary to Euro) exchange rates for popular conversion amounts*.

1 MGA0.00 EUR
5 MGA0.00 EUR
10 MGA0.00 EUR
25 MGA0.01 EUR
50 MGA0.02 EUR
100 MGA0.03 EUR
150 MGA0.05 EUR
200 MGA0.06 EUR
250 MGA0.08 EUR
300 MGA0.09 EUR
400 MGA0.12 EUR
500 MGA0.15 EUR
600 MGA0.18 EUR
700 MGA0.21 EUR
800 MGA0.24 EUR
1,000 MGA0.30 EUR
1,500 MGA0.45 EUR
2,000 MGA0.60 EUR
2,500 MGA0.75 EUR
3,000 MGA0.90 EUR
4,000 MGA1.20 EUR
5,000 MGA1.50 EUR
10,000 MGA3.00 EUR
15,000 MGA4.50 EUR
20,000 MGA6.00 EUR
30,000 MGA9.00 EUR
40,000 MGA12.00 EUR
50,000 MGA15.00 EUR
100,000 MGA30.00 EUR

*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 Madagascar to Belgium?

It can be very confusing when sending money from Madagascar to Belgium given so many choices. Additionally, Malagasy Ariary to EUR exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Madagascar to Belgium as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Belgium from Madagascar. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Malagasy Ariary to Euro remittances.


How to get the best exchange rate for your money transfers from Madagascar to Belgium?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Madagascar to Belgium transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your MGA to Euro international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Malagasy Ariary to Euro exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to send money from Madagascar to Belgium?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Madagascar to Belgium via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Malagasy Ariary to Euro remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Madagascar to Belgium exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for MGA to EUR remittances.


How to send money from Madagascar to Belgium 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 Madagascar to Belgium 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 MGA to EUR transfers.

Given this, there are umpteen additional options to send money to Belgium instead of just your Madagascar 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 Malagasy Ariary even more so that your recipient in Belgium gets the maximum amount.


What is the fastest way to transfer money from Madagascar to Belgium?

The speed of your Malagasy Ariary to Euro funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert MGA to EUR. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Belgium from Madagascar is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Belgium if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout EUR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Madagascar bank to Belgium bank transfer.


Which are the best money transfer companies to send money from Madagascar to Belgium?

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 Belgium, 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 Euro 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 EUR money transfers to Belgium. 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 Belgium getting more money for every Malagasy Ariary you send.


Step by step guide to send money to Belgium from Madagascar

With so many possible ways to transfer Malagasy Ariary to Euro, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Madagascar to Belgium remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Madagascar and the receiver in Belgium. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your MGA to Euro money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.