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

Madagascar
Heard Island and McDonald Islands
MGA

Interbank Exchange Rate: 1 MGA = 0.0008 AUD
Updated about an hour ago

Found 0 Remittance Service Providers

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 Heard Island and McDonald 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 Heard Island and McDonald 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 do Madagascar to Heard Island and McDonald Islands money transfers?

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 Heard Island and McDonald 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 exchange rate for your money transfers from Madagascar to Heard Island and McDonald Islands?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Heard Island and McDonald Islands from Madagascar. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your MGA to Australian Dollar money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Madagascar to Heard Island and McDonald Islands corridor to give you more good choices for your next AUD money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Heard Island and McDonald Islands from Madagascar?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Madagascar to Heard Island and McDonald Islands via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Malagasy Ariary to Australian Dollar remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Madagascar to Heard Island and McDonald Islands exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for MGA to AUD remittances.


How to send money to Heard Island and McDonald Islands from Madagascar through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Madagascar to Heard Island and McDonald Islands. 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 AUD 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 Heard Island and McDonald Islands 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.


How to send money from Madagascar to Heard Island and McDonald Islands fast?

It could be a stressful experience if you need to rush money quickly from Madagascar to Heard Island and McDonald Islands. 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 AUD. 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 Australian Dollar. 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 Heard Island and McDonald Islands money transfers.


Which are the best money transfer companies to send money from Madagascar to Heard Island and McDonald Islands?

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 Heard Island and McDonald Islands, 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 Australian Dollar 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 AUD money transfers to Heard Island and McDonald Islands. 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 Heard Island and McDonald Islands getting more money for every Malagasy Ariary you send.


Step by step guide to do a money transfer from Madagascar to Heard Island and McDonald Islands

With so many possible ways to transfer Malagasy Ariary to Australian Dollar, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Madagascar to Heard Island and McDonald Islands remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Madagascar and the receiver in Heard Island and McDonald Islands. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your MGA to Australian Dollar money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.