Compare today's MGA to GTQ (Malagasy Ariary to Guatemalan Quetzal) exchange rates
Interbank Exchange Rate: 1 MGA = 0.0017 GTQ
Updated about an hour ago
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All you need to know about Malagasy Ariary to Guatemalan Quetzal money transfers
Easily compare money transfer providers in one place to send money from Madagascar to Guatemala. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Guatemalan Quetzal (GTQ) 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 GTQ Conversion Rates
Here are some latest MGA to GTQ (Malagasy Ariary to Guatemalan Quetzal) exchange rates for popular conversion amounts*.
| 1 MGA | 0.00 GTQ |
| 5 MGA | 0.01 GTQ |
| 10 MGA | 0.02 GTQ |
| 25 MGA | 0.04 GTQ |
| 50 MGA | 0.08 GTQ |
| 100 MGA | 0.17 GTQ |
| 150 MGA | 0.26 GTQ |
| 200 MGA | 0.34 GTQ |
| 250 MGA | 0.43 GTQ |
| 300 MGA | 0.51 GTQ |
| 400 MGA | 0.68 GTQ |
| 500 MGA | 0.85 GTQ |
| 600 MGA | 1.02 GTQ |
| 700 MGA | 1.19 GTQ |
| 800 MGA | 1.36 GTQ |
| 1,000 MGA | 1.70 GTQ |
| 1,500 MGA | 2.55 GTQ |
| 2,000 MGA | 3.40 GTQ |
| 2,500 MGA | 4.25 GTQ |
| 3,000 MGA | 5.10 GTQ |
| 4,000 MGA | 6.80 GTQ |
| 5,000 MGA | 8.50 GTQ |
| 10,000 MGA | 17.00 GTQ |
| 15,000 MGA | 25.50 GTQ |
| 20,000 MGA | 34.00 GTQ |
| 30,000 MGA | 51.00 GTQ |
| 40,000 MGA | 68.00 GTQ |
| 50,000 MGA | 85.00 GTQ |
| 100,000 MGA | 170.00 GTQ |
*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 Guatemala from Madagascar?
Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Madagascar to Guatemala. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Malagasy Ariary to GTQ.You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send MGA to GTQ in Guatemala. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.
With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Guatemala from Madagascar. We provide you with maximum choices to send money to Guatemala by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best exchange rate for your money transfers from Madagascar to Guatemala?
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 Guatemala.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Guatemala 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 Guatemalan Quetzal 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 Guatemala?
One of the most important things to watch out for is hidden fees when sending money to Guatemala from Madagascar. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Guatemala using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Guatemalan Quetzal foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MGA to Guatemala exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.
Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Guatemala from Madagascar.
How to send money from Madagascar to Guatemala through a bank?
We do not recommend using your local bank in Madagascar for your next MGA to GTQ overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Madagascar to Guatemala (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.
Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending GTQ to Guatemala. These companies will let you use your local bank account in Madagascar to pay for your Guatemala money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
How to send money from Madagascar to Guatemala fast?
It could be a stressful experience if you need to rush money quickly from Madagascar to Guatemala. 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 GTQ. 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 Guatemalan Quetzal. 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 Guatemala money transfers.
Which are the best money transfer companies to send money to Guatemala from Madagascar?
The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Madagascar to Guatemala, we can help you in choosing the best provider.There are several key points you would want to check for; these include, but are not limited to, the best Malagasy Ariary to Guatemalan Quetzal exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.
After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your GTQ money transfers to Guatemala. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.
Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Guatemala getting more money for every Malagasy Ariary you send.
Step by step guide to do a money transfer from Madagascar to Guatemala
There are many important aspects of Madagascar to Guatemala 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 GTQ 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.