Compare today's MGA to AUD (Malagasy Ariary to Australian Dollar) exchange rates
Interbank Exchange Rate: 1 MGA = 0.0008 AUD
Updated about an hour ago
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All you need to know about Malagasy Ariary to Australian Dollar money transfers
Easily compare money transfer providers in one place to send money from Madagascar to Christmas Island. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Australian Dollar (AUD) 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 AUD Conversion Rates
Here are some latest MGA to AUD (Malagasy Ariary to Australian Dollar) exchange rates for popular conversion amounts*.
| 1 MGA | 0.00 AUD |
| 5 MGA | 0.00 AUD |
| 10 MGA | 0.01 AUD |
| 25 MGA | 0.02 AUD |
| 50 MGA | 0.04 AUD |
| 100 MGA | 0.08 AUD |
| 150 MGA | 0.12 AUD |
| 200 MGA | 0.16 AUD |
| 250 MGA | 0.20 AUD |
| 300 MGA | 0.24 AUD |
| 400 MGA | 0.32 AUD |
| 500 MGA | 0.40 AUD |
| 600 MGA | 0.48 AUD |
| 700 MGA | 0.56 AUD |
| 800 MGA | 0.64 AUD |
| 1,000 MGA | 0.80 AUD |
| 1,500 MGA | 1.20 AUD |
| 2,000 MGA | 1.60 AUD |
| 2,500 MGA | 2.00 AUD |
| 3,000 MGA | 2.40 AUD |
| 4,000 MGA | 3.20 AUD |
| 5,000 MGA | 4.00 AUD |
| 10,000 MGA | 8.00 AUD |
| 15,000 MGA | 12.00 AUD |
| 20,000 MGA | 16.00 AUD |
| 30,000 MGA | 24.00 AUD |
| 40,000 MGA | 32.00 AUD |
| 50,000 MGA | 40.00 AUD |
| 100,000 MGA | 80.00 AUD |
*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 Christmas Island?
With the global remittance market booming, there are so many choices for Malagasy Ariary to AUD 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 Christmas Island 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 AUD 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 rate to transfer money to Christmas Island from Madagascar?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Christmas Island 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 Australian 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 Christmas Island corridor to give you more good choices for your next AUD money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way for transferring money to Christmas Island from Madagascar?
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 Christmas Island 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 Australian Dollar 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 Christmas Island 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 AUD remittances.
How to send money to Christmas Island 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 Christmas Island 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 AUD transfers.
Given this, there are umpteen additional options to send money to Christmas Island 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 Christmas Island gets the maximum amount.
How to send money to Christmas Island from Madagascar fast?
It could be a stressful experience if you need to rush money quickly from Madagascar to Christmas Island. 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 AUD. 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 Australian 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 Christmas Island money transfers.
Which are the best money transfer companies to send money to Christmas Island from Madagascar?
Since the Malagasy Ariary to Australian Dollar 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 Christmas Island. 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 AUD money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Christmas Island 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 Christmas Island transaction.
Step by step guide to transfer money to Christmas Island from Madagascar
Follow the below easy steps to send money to Christmas Island 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 Christmas Island).
- 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.