Compare today's MGA to CAD (Malagasy Ariary to Canadian Dollar) exchange rates
Interbank Exchange Rate: 1 MGA = 0.0003 CAD
Updated about an hour ago
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All you need to know about Malagasy Ariary to Canadian Dollar money transfers
Easily compare money transfer providers in one place to send money from Madagascar to Canada. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Canadian Dollar (CAD) 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 CAD Conversion Rates
Here are some latest MGA to CAD (Malagasy Ariary to Canadian Dollar) exchange rates for popular conversion amounts*.
| 1 MGA | 0.00 CAD |
| 5 MGA | 0.00 CAD |
| 10 MGA | 0.00 CAD |
| 25 MGA | 0.01 CAD |
| 50 MGA | 0.02 CAD |
| 100 MGA | 0.03 CAD |
| 150 MGA | 0.05 CAD |
| 200 MGA | 0.06 CAD |
| 250 MGA | 0.08 CAD |
| 300 MGA | 0.09 CAD |
| 400 MGA | 0.12 CAD |
| 500 MGA | 0.15 CAD |
| 600 MGA | 0.18 CAD |
| 700 MGA | 0.21 CAD |
| 800 MGA | 0.24 CAD |
| 1,000 MGA | 0.30 CAD |
| 1,500 MGA | 0.45 CAD |
| 2,000 MGA | 0.60 CAD |
| 2,500 MGA | 0.75 CAD |
| 3,000 MGA | 0.90 CAD |
| 4,000 MGA | 1.20 CAD |
| 5,000 MGA | 1.50 CAD |
| 10,000 MGA | 3.00 CAD |
| 15,000 MGA | 4.50 CAD |
| 20,000 MGA | 6.00 CAD |
| 30,000 MGA | 9.00 CAD |
| 40,000 MGA | 12.00 CAD |
| 50,000 MGA | 15.00 CAD |
| 100,000 MGA | 30.00 CAD |
*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 Canada?
Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Madagascar to Canada. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Malagasy Ariary to CAD.You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send MGA to CAD in Canada. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.
With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Canada from Madagascar. We provide you with maximum choices to send money to Canada by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best exchange rate for your money transfers from Madagascar to Canada?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Canada 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 Canadian Dollar 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 Canada corridor to give you more good choices for your next CAD money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to send money from Madagascar to Canada?
Finding the cheapest way to send money from Madagascar to Canada 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 MGA to CAD 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 Madagascar to Canada 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.
Should I use my bank to transfer money from Madagascar to Canada?
Big banks in Madagascar are known to make a lot of money by charging high fees on Canada money transfers from Madagascar. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.In addition to charging higher than average fees, banks are also notorious for giving you a MGA to CAD exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Canada. With our live comparison tool, you can easily compare many good options in one glance.
Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Madagascar to Canada. You work hard for your money, so you should also ensure you get the maximum yield when you send CAD overseas.
How to send money to Canada from Madagascar fast?
It could be a stressful experience if you need to rush money quickly from Madagascar to Canada. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?First, you should ensure that you are picking the right payment method to convert MGA to CAD. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.
Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Canadian Dollar. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.
Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Madagascar to Canada money transfers.
Which are the best money transfer companies to send money to Canada from Madagascar?
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 Canada, 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 Canadian Dollar 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 CAD money transfers to Canada. 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 Canada getting more money for every Malagasy Ariary you send.
Step by step guide to send money to Canada from Madagascar
Follow the below easy steps to send money to Canada 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 Canada).
- 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.