Compare today's MGA to USD (Malagasy Ariary to US Dollar) exchange rates
Interbank Exchange Rate: 1 MGA = 0.0006 USD
Updated about an hour ago
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All you need to know about Malagasy Ariary to US Dollar money transfers
Easily compare money transfer providers in one place to send money from Madagascar to Ecuador. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to US Dollar (USD) 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 USD Conversion Rates
Here are some latest MGA to USD (Malagasy Ariary to US Dollar) exchange rates for popular conversion amounts*.
| 1 MGA | 0.00 USD |
| 5 MGA | 0.00 USD |
| 10 MGA | 0.01 USD |
| 25 MGA | 0.02 USD |
| 50 MGA | 0.03 USD |
| 100 MGA | 0.06 USD |
| 150 MGA | 0.09 USD |
| 200 MGA | 0.12 USD |
| 250 MGA | 0.15 USD |
| 300 MGA | 0.18 USD |
| 400 MGA | 0.24 USD |
| 500 MGA | 0.30 USD |
| 600 MGA | 0.36 USD |
| 700 MGA | 0.42 USD |
| 800 MGA | 0.48 USD |
| 1,000 MGA | 0.60 USD |
| 1,500 MGA | 0.90 USD |
| 2,000 MGA | 1.20 USD |
| 2,500 MGA | 1.50 USD |
| 3,000 MGA | 1.80 USD |
| 4,000 MGA | 2.40 USD |
| 5,000 MGA | 3.00 USD |
| 10,000 MGA | 6.00 USD |
| 15,000 MGA | 9.00 USD |
| 20,000 MGA | 12.00 USD |
| 30,000 MGA | 18.00 USD |
| 40,000 MGA | 24.00 USD |
| 50,000 MGA | 30.00 USD |
| 100,000 MGA | 60.00 USD |
*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 to Ecuador from Madagascar?
With the global remittance market booming, there are so many choices for Malagasy Ariary to USD 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 Ecuador 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 USD 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 Ecuador?
With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Madagascar to Ecuador transfers.RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your MGA to United States Dollar international money transfers.
To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Malagasy Ariary to United States Dollar exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.
What's the cheapest way for transferring money to Ecuador from Madagascar?
Finding the cheapest way to send money from Madagascar to Ecuador 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 USD 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 Ecuador 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.
How to send money from Madagascar to Ecuador 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 Ecuador 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 USD transfers.
Given this, there are umpteen additional options to send money to Ecuador 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 Ecuador gets the maximum amount.
What is the fastest way to transfer money from Madagascar to Ecuador?
If you need to convert MGA to USD 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 Ecuador 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 United States Dollar 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 Ecuador.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Madagascar to Ecuador. 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 transfer money from Madagascar to Ecuador?
Madagascar to Ecuador 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 Ecuador 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 United States Dollar 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 transfer money to Ecuador from Madagascar
Follow the below easy steps to send money to Ecuador 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 Ecuador).
- 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.