Compare today's MGA to BRL (Malagasy Ariary to Brazilian Real) exchange rates
Interbank Exchange Rate: 1 MGA = 0.0012 BRL
Updated about an hour ago
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All you need to know about Malagasy Ariary to Brazilian Real money transfers
Easily compare money transfer providers in one place to send money from Madagascar to Brazil. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Brazilian Real (BRL) 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.
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Latest MGA to BRL Conversion Rates
Here are some latest MGA to BRL (Malagasy Ariary to Brazilian Real) exchange rates for popular conversion amounts*.
| 1 MGA | 0.00 BRL |
| 5 MGA | 0.01 BRL |
| 10 MGA | 0.01 BRL |
| 25 MGA | 0.03 BRL |
| 50 MGA | 0.06 BRL |
| 100 MGA | 0.12 BRL |
| 150 MGA | 0.18 BRL |
| 200 MGA | 0.24 BRL |
| 250 MGA | 0.30 BRL |
| 300 MGA | 0.36 BRL |
| 400 MGA | 0.48 BRL |
| 500 MGA | 0.60 BRL |
| 600 MGA | 0.72 BRL |
| 700 MGA | 0.84 BRL |
| 800 MGA | 0.96 BRL |
| 1,000 MGA | 1.20 BRL |
| 1,500 MGA | 1.80 BRL |
| 2,000 MGA | 2.40 BRL |
| 2,500 MGA | 3.00 BRL |
| 3,000 MGA | 3.60 BRL |
| 4,000 MGA | 4.80 BRL |
| 5,000 MGA | 6.00 BRL |
| 10,000 MGA | 12.00 BRL |
| 15,000 MGA | 18.00 BRL |
| 20,000 MGA | 24.00 BRL |
| 30,000 MGA | 36.00 BRL |
| 40,000 MGA | 48.00 BRL |
| 50,000 MGA | 60.00 BRL |
| 100,000 MGA | 120.00 BRL |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to do Madagascar to Brazil money transfers?
With the global remittance market booming, there are so many choices for Malagasy Ariary to BRL 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 Brazil 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 BRL 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 exchange rate for sending money from Madagascar to Brazil?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Brazil from Madagascar. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.One way you could eliminate the manual work to search and compare providers for your MGA to Brazilian Real money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.
We are also constantly adding new partners for the Madagascar to Brazil corridor to give you more good choices for your next BRL money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to transfer money from Madagascar to Brazil?
When you want to send money to Brazil from Madagascar, you obviously want the cheapest possible option to maximize the money your recipient gets in Brazilian Real. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your MGA to BRL money transfers.Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Madagascar to Brazil. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.
That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Madagascar to Brazil exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Brazilian Real overseas.
How to send money from Madagascar to Brazil through a bank?
We do not recommend using your local bank in Madagascar for your next MGA to BRL 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 Brazil (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 BRL to Brazil. These companies will let you use your local bank account in Madagascar to pay for your Brazil money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
What is the fastest way to do a money transfer to Brazil from Madagascar?
How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Madagascar to Brazil. 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 MGA to BRL 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 Malagasy Ariary amount reaching Brazil. 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 Brazilian Real quickly to Brazil, 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 transfer money from Madagascar to Brazil?
Since the Malagasy Ariary to Brazilian Real money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Madagascar that may also be able to send money to Brazil. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.
To further decrease the cost of your MGA to BRL money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Brazil gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Madagascar to Brazil transaction.
Step by step guide to do a money transfer from Madagascar to Brazil
Follow the below easy steps to send money to Brazil from Madagascar.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Madagascar bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Brazil).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.