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Compare today's MGA to DJF (Malagasy Ariary to Djiboutian Franc) exchange rates

Madagascar
Djibouti
MGA

Interbank Exchange Rate: 1 MGA = 0.0403 DJF
Updated about an hour ago

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All you need to know about Malagasy Ariary to Djiboutian Franc money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Djibouti. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Djiboutian Franc (DJF) 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 Djibouti 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 DJF Conversion Rates

Here are some latest MGA to DJF (Malagasy Ariary to Djiboutian Franc) exchange rates for popular conversion amounts*.

1 MGA0.04 DJF
5 MGA0.20 DJF
10 MGA0.40 DJF
25 MGA1.01 DJF
50 MGA2.02 DJF
100 MGA4.03 DJF
150 MGA6.05 DJF
200 MGA8.06 DJF
250 MGA10.08 DJF
300 MGA12.09 DJF
400 MGA16.12 DJF
500 MGA20.15 DJF
600 MGA24.18 DJF
700 MGA28.21 DJF
800 MGA32.24 DJF
1,000 MGA40.30 DJF
1,500 MGA60.45 DJF
2,000 MGA80.60 DJF
2,500 MGA100.75 DJF
3,000 MGA120.90 DJF
4,000 MGA161.20 DJF
5,000 MGA201.50 DJF
10,000 MGA403.00 DJF
15,000 MGA604.50 DJF
20,000 MGA806.00 DJF
30,000 MGA1,209.00 DJF
40,000 MGA1,612.00 DJF
50,000 MGA2,015.00 DJF
100,000 MGA4,030.00 DJF

*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 Djibouti?

There are many good choices when it comes to sending money from Madagascar to Djibouti. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Malagasy Ariary to DJF money transfers.

We compare different remittance companies to bring you the best options to send money to Djibouti from Madagascar. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Malagasy Ariary to Djiboutian Franc money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best exchange rate for your money transfers from Madagascar to Djibouti?

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 Djibouti.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Djibouti 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 Djiboutian Franc 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 from Madagascar to Djibouti?

Finding the cheapest way to send money from Madagascar to Djibouti 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 DJF 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 Djibouti 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 send money from Madagascar to Djibouti?

Bank transfers have been a traditionally popular way to send money overseas from Madagascar to Djibouti. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the MGA to DJF exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Madagascar bank for your Djibouti money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


What is the fastest way to transfer money from Madagascar to Djibouti?

If you need to convert MGA to DJF as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Madagascar to Djibouti could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Malagasy Ariary to Djiboutian Franc funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Djibouti.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Madagascar to Djibouti. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


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

Madagascar to Djibouti money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Djibouti as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Malagasy Ariary to Djiboutian Franc money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to do a money transfer from Madagascar to Djibouti

The first step to send money to Djibouti 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 DJF 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 Djibouti 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 Djibouti!

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 Djibouti.