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Compare today's MGA to IQD (Malagasy Ariary to Iraqi Dinar) exchange rates

Madagascar
Iraq
MGA

Interbank Exchange Rate: 1 MGA = 0.2955 IQD
Updated about an hour ago

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All you need to know about Malagasy Ariary to Iraqi Dinar money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Iraq. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Iraqi Dinar (IQD) 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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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 IQD Conversion Rates

Here are some latest MGA to IQD (Malagasy Ariary to Iraqi Dinar) exchange rates for popular conversion amounts*.

1 MGA0.30 IQD
5 MGA1.48 IQD
10 MGA2.96 IQD
25 MGA7.39 IQD
50 MGA14.77 IQD
100 MGA29.55 IQD
150 MGA44.32 IQD
200 MGA59.10 IQD
250 MGA73.88 IQD
300 MGA88.65 IQD
400 MGA118.20 IQD
500 MGA147.75 IQD
600 MGA177.30 IQD
700 MGA206.85 IQD
800 MGA236.40 IQD
1,000 MGA295.50 IQD
1,500 MGA443.25 IQD
2,000 MGA591.00 IQD
2,500 MGA738.75 IQD
3,000 MGA886.50 IQD
4,000 MGA1,182.00 IQD
5,000 MGA1,477.50 IQD
10,000 MGA2,955.00 IQD
15,000 MGA4,432.50 IQD
20,000 MGA5,910.00 IQD
30,000 MGA8,865.00 IQD
40,000 MGA11,820.00 IQD
50,000 MGA14,775.00 IQD
100,000 MGA29,550.00 IQD

*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 Iraq from Madagascar?

It can be very confusing when sending money from Madagascar to Iraq given so many choices. Additionally, Malagasy Ariary to IQD 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 Iraq 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 Iraq 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 Iraqi Dinar remittances.


How to get the best remit rate for transferring money from Madagascar to Iraq?

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 Iraq.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Iraq 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 Iraqi Dinar 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 for transferring money to Iraq from Madagascar?

One of the most important things to watch out for is hidden fees when sending money to Iraq 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 Iraq using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Iraqi Dinar foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MGA to Iraq 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 Iraq from Madagascar.


How to send money from Madagascar to Iraq through a bank?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low MGA to IQD exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Madagascar to Iraq money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Iraq from Madagascar. They do this by letting you fund your transaction through your local bank account in Madagascar, and by allowing you to choose the payout to be your recipient's bank account in Iraq. But, you are likely to get much better rates and lower fees compared to your bank.


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

The first thing to do when you need to convert MGA to IQD quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Malagasy Ariary and Iraqi Dinar. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Madagascar to Iraq remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Iraq.


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

The first step in selecting the best money transfer operators for Madagascar to Iraq 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 Iraqi Dinar 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 Iraq.


Step by step guide to transfer money to Iraq from Madagascar

There are many important aspects of Madagascar to Iraq 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 IQD 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.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Iraq to validate that they get the money once the transaction clears.