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Compare today's MGA to BOB (Malagasy Ariary to Bolivian Boliviano) exchange rates

Madagascar
Bolivia
MGA

Interbank Exchange Rate: 1 MGA = 0.0015 BOB
Updated about an hour ago

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All you need to know about Malagasy Ariary to Bolivian Boliviano money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Bolivia. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Bolivian Boliviano (BOB) 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 Bolivia 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 BOB Conversion Rates

Here are some latest MGA to BOB (Malagasy Ariary to Bolivian Boliviano) exchange rates for popular conversion amounts*.

1 MGA0.00 BOB
5 MGA0.01 BOB
10 MGA0.02 BOB
25 MGA0.04 BOB
50 MGA0.08 BOB
100 MGA0.15 BOB
150 MGA0.23 BOB
200 MGA0.30 BOB
250 MGA0.38 BOB
300 MGA0.45 BOB
400 MGA0.60 BOB
500 MGA0.75 BOB
600 MGA0.90 BOB
700 MGA1.05 BOB
800 MGA1.20 BOB
1,000 MGA1.50 BOB
1,500 MGA2.25 BOB
2,000 MGA3.00 BOB
2,500 MGA3.75 BOB
3,000 MGA4.50 BOB
4,000 MGA6.00 BOB
5,000 MGA7.50 BOB
10,000 MGA15.00 BOB
15,000 MGA22.50 BOB
20,000 MGA30.00 BOB
30,000 MGA45.00 BOB
40,000 MGA60.00 BOB
50,000 MGA75.00 BOB
100,000 MGA150.00 BOB

*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 Bolivia?

There are many good choices when it comes to sending money from Madagascar to Bolivia. 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 Malagasy Ariary to BOB money transfers.

We compare different remittance companies to bring you the best options to send money to Bolivia from Madagascar. 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 Malagasy Ariary to Bolivian Boliviano 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 Madagascar to Bolivia?

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 Bolivia.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Bolivia 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 Bolivian Boliviano 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 for transferring money to Bolivia from Madagascar?

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

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


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

Bank transfers have been a traditionally popular way to send money overseas from Madagascar to Bolivia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the MGA to BOB exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Madagascar bank for your Bolivia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


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

The speed of your Malagasy Ariary to Bolivian Boliviano 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 BOB. 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 Bolivia 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 Bolivia 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 BOB into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Madagascar bank to Bolivia bank transfer.


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

Madagascar to Bolivia money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Bolivia as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Malagasy Ariary to Bolivian Boliviano money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to do a money transfer from Madagascar to Bolivia

The first step to send money to Bolivia 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 BOB 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 Bolivia 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 Bolivia!

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 Bolivia.