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Compare today's MGA to CVE (Malagasy Ariary to Cape Verde Escudo) exchange rates

Madagascar
Cape Verde
MGA

Interbank Exchange Rate: 1 MGA = 0.0211 CVE
Updated about an hour ago

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All you need to know about Malagasy Ariary to Cape Verde Escudo money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Cape Verde. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Cape Verde Escudo (CVE) 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 Cape Verde 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 CVE Conversion Rates

Here are some latest MGA to CVE (Malagasy Ariary to Cape Verde Escudo) exchange rates for popular conversion amounts*.

1 MGA0.02 CVE
5 MGA0.11 CVE
10 MGA0.21 CVE
25 MGA0.53 CVE
50 MGA1.06 CVE
100 MGA2.11 CVE
150 MGA3.17 CVE
200 MGA4.22 CVE
250 MGA5.28 CVE
300 MGA6.33 CVE
400 MGA8.44 CVE
500 MGA10.55 CVE
600 MGA12.66 CVE
700 MGA14.77 CVE
800 MGA16.88 CVE
1,000 MGA21.10 CVE
1,500 MGA31.65 CVE
2,000 MGA42.20 CVE
2,500 MGA52.75 CVE
3,000 MGA63.30 CVE
4,000 MGA84.40 CVE
5,000 MGA105.50 CVE
10,000 MGA211.00 CVE
15,000 MGA316.50 CVE
20,000 MGA422.00 CVE
30,000 MGA633.00 CVE
40,000 MGA844.00 CVE
50,000 MGA1,055.00 CVE
100,000 MGA2,110.00 CVE

*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 Cape Verde?

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 Cape Verde. 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 CVE.

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 CVE in Cape Verde. 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 Cape Verde from Madagascar. We provide you with maximum choices to send money to Cape Verde by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best rate to transfer money to Cape Verde 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 Cape Verde.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Cape Verde 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 Cape Verde Escudo 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 transfer money from Madagascar to Cape Verde?

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

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


How to send money to Cape Verde from Madagascar 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 Cape Verde 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 CVE transfers.

Given this, there are umpteen additional options to send money to Cape Verde 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 Cape Verde gets the maximum amount.


How to send money to Cape Verde from Madagascar fast?

It could be a stressful experience if you need to rush money quickly from Madagascar to Cape Verde. 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 CVE. 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 Cape Verde Escudo. 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 Cape Verde money transfers.


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

Since the Malagasy Ariary to Cape Verde Escudo 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 Cape Verde. 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 CVE money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Cape Verde 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 Cape Verde transaction.


Step by step guide to transfer money to Cape Verde from Madagascar

The first step to send money to Cape Verde 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 CVE 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 Cape Verde 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 Cape Verde!

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 Cape Verde.