Compare today's MGA to EUR (Malagasy Ariary to Euro) exchange rates
Interbank Exchange Rate: 1 MGA = 0.0003 EUR
Updated about an hour ago
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All you need to know about Malagasy Ariary to Euro money transfers
Easily compare money transfer providers in one place to send money from Madagascar to Estonia. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Euro (EUR) 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.
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Latest MGA to EUR Conversion Rates
Here are some latest MGA to EUR (Malagasy Ariary to Euro) exchange rates for popular conversion amounts*.
| 1 MGA | 0.00 EUR |
| 5 MGA | 0.00 EUR |
| 10 MGA | 0.00 EUR |
| 25 MGA | 0.01 EUR |
| 50 MGA | 0.02 EUR |
| 100 MGA | 0.03 EUR |
| 150 MGA | 0.05 EUR |
| 200 MGA | 0.06 EUR |
| 250 MGA | 0.08 EUR |
| 300 MGA | 0.09 EUR |
| 400 MGA | 0.12 EUR |
| 500 MGA | 0.15 EUR |
| 600 MGA | 0.18 EUR |
| 700 MGA | 0.21 EUR |
| 800 MGA | 0.24 EUR |
| 1,000 MGA | 0.30 EUR |
| 1,500 MGA | 0.45 EUR |
| 2,000 MGA | 0.60 EUR |
| 2,500 MGA | 0.75 EUR |
| 3,000 MGA | 0.90 EUR |
| 4,000 MGA | 1.20 EUR |
| 5,000 MGA | 1.50 EUR |
| 10,000 MGA | 3.00 EUR |
| 15,000 MGA | 4.50 EUR |
| 20,000 MGA | 6.00 EUR |
| 30,000 MGA | 9.00 EUR |
| 40,000 MGA | 12.00 EUR |
| 50,000 MGA | 15.00 EUR |
| 100,000 MGA | 30.00 EUR |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to do Madagascar to Estonia money transfers?
It can be very confusing when sending money from Madagascar to Estonia given so many choices. Additionally, Malagasy Ariary to EUR exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.Choose Madagascar to Estonia as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Estonia from Madagascar. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.
To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Malagasy Ariary to Euro remittances.
How to get the best rate to transfer money to Estonia 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 Estonia.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Estonia 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 Euro 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 Estonia?
The final amount your recipient gets when you send MGA to EUR is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.Before the dawn of the modern internet era, traditional methods to send money from Madagascar to Estonia used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.
A great way to find the cheapest options to send Euro is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Malagasy Ariary to Estonia exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.
How to send money to Estonia from Madagascar through a bank?
Big banks in Madagascar are known to make a lot of money by charging high fees on Estonia 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 EUR 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 Estonia. 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 Estonia. You work hard for your money, so you should also ensure you get the maximum yield when you send EUR overseas.
What is the fastest way to do a money transfer to Estonia from Madagascar?
The speed of your Malagasy Ariary to Euro funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert MGA to EUR. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
One possible approach that will help you send money fast to Estonia from Madagascar is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Estonia if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.
One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout EUR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Madagascar bank to Estonia bank transfer.
Which are the best money transfer companies to transfer money from Madagascar to Estonia?
The first step in selecting the best money transfer operators for Madagascar to Estonia remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.
Another factor that may help you decide which provider to go with would be any coupons and deals available for Malagasy Ariary to Euro money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Estonia.
Step by step guide to send money from Madagascar to Estonia
There are many important aspects of Madagascar to Estonia remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.
- Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
- Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Madagascar bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
- Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include EUR bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
- Step 4 - Provision recipient details including name and address.
- Step 5 - Decide how much Malagasy Ariary amount you want to send from Madagascar.
- Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
- Step 7 - Validate all the information for accuracy and start your transaction.