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Compare today's MGA to AUD (Malagasy Ariary to Australian Dollar) exchange rates

Madagascar
Cocos (Keeling) Islands
MGA

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 Cocos (Keeling) Islands. 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.

Were you looking to send money from Cocos (Keeling) Islands 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 AUD Conversion Rates

Here are some latest MGA to AUD (Malagasy Ariary to Australian Dollar) exchange rates for popular conversion amounts*.

1 MGA0.00 AUD
5 MGA0.00 AUD
10 MGA0.01 AUD
25 MGA0.02 AUD
50 MGA0.04 AUD
100 MGA0.08 AUD
150 MGA0.12 AUD
200 MGA0.16 AUD
250 MGA0.20 AUD
300 MGA0.24 AUD
400 MGA0.32 AUD
500 MGA0.40 AUD
600 MGA0.48 AUD
700 MGA0.56 AUD
800 MGA0.64 AUD
1,000 MGA0.80 AUD
1,500 MGA1.20 AUD
2,000 MGA1.60 AUD
2,500 MGA2.00 AUD
3,000 MGA2.40 AUD
4,000 MGA3.20 AUD
5,000 MGA4.00 AUD
10,000 MGA8.00 AUD
15,000 MGA12.00 AUD
20,000 MGA16.00 AUD
30,000 MGA24.00 AUD
40,000 MGA32.00 AUD
50,000 MGA40.00 AUD
100,000 MGA80.00 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 Cocos (Keeling) Islands?

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 Cocos (Keeling) Islands 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 remit rate for transferring money from Madagascar to Cocos (Keeling) Islands?

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 Cocos (Keeling) Islands.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Cocos (Keeling) Islands 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 Australian Dollar 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 send money to Cocos (Keeling) Islands from Madagascar?

Finding the cheapest way to send money from Madagascar to Cocos (Keeling) Islands 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 AUD 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 Cocos (Keeling) Islands 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 Cocos (Keeling) Islands?

Big banks in Madagascar are known to make a lot of money by charging high fees on Cocos (Keeling) Islands 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 AUD 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 Cocos (Keeling) Islands. 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 Cocos (Keeling) Islands. You work hard for your money, so you should also ensure you get the maximum yield when you send AUD overseas.


How to send money from Madagascar to Cocos (Keeling) Islands fast?

The first thing to do when you need to convert MGA to AUD quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Malagasy Ariary and Australian Dollar. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Madagascar to Cocos (Keeling) Islands remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Cocos (Keeling) Islands.


Which are the best money transfer companies to send money from Madagascar to Cocos (Keeling) Islands?

Comparing money transfer companies for sending money to Cocos (Keeling) Islands from Madagascar can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Cocos (Keeling) Islands. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Malagasy Ariary to Australian Dollar transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Australian Dollar yield on every Malagasy Ariary that you send.


Step by step guide to send money from Madagascar to Cocos (Keeling) Islands

The first step to send money to Cocos (Keeling) Islands 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 AUD 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 Cocos (Keeling) Islands 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 Cocos (Keeling) Islands!

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 Cocos (Keeling) Islands.