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Compare today's MGA to XOF (Malagasy Ariary to CFA Franc BCEAO) exchange rates

Madagascar
Cote d'ivoire (Ivory Coast)
MGA

Interbank Exchange Rate: 1 MGA = 0.1256 XOF
Updated about an hour ago

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All you need to know about Malagasy Ariary to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Cote d'ivoire (Ivory Coast). Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to CFA Franc BCEAO (XOF) 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 Cote d'ivoire (Ivory Coast) 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 XOF Conversion Rates

Here are some latest MGA to XOF (Malagasy Ariary to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 MGA0.13 XOF
5 MGA0.63 XOF
10 MGA1.26 XOF
25 MGA3.14 XOF
50 MGA6.28 XOF
100 MGA12.56 XOF
150 MGA18.84 XOF
200 MGA25.12 XOF
250 MGA31.40 XOF
300 MGA37.68 XOF
400 MGA50.24 XOF
500 MGA62.80 XOF
600 MGA75.36 XOF
700 MGA87.92 XOF
800 MGA100.48 XOF
1,000 MGA125.60 XOF
1,500 MGA188.40 XOF
2,000 MGA251.20 XOF
2,500 MGA314.00 XOF
3,000 MGA376.80 XOF
4,000 MGA502.40 XOF
5,000 MGA628.00 XOF
10,000 MGA1,256.00 XOF
15,000 MGA1,884.00 XOF
20,000 MGA2,512.00 XOF
30,000 MGA3,768.00 XOF
40,000 MGA5,024.00 XOF
50,000 MGA6,280.00 XOF
100,000 MGA12,560.00 XOF

*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 from Madagascar to Cote d'ivoire (Ivory Coast)?

It can be very confusing when sending money from Madagascar to Cote d'ivoire (Ivory Coast) given so many choices. Additionally, Malagasy Ariary to XOF 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 Cote d'ivoire (Ivory Coast) 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 Cote d'ivoire (Ivory Coast) 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 CFA Franc BCEAO remittances.


How to get the best remit rate for transferring money from Madagascar to Cote d'ivoire (Ivory Coast)?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Cote d'ivoire (Ivory Coast) 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 CFA Franc BCEAO 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 Cote d'ivoire (Ivory Coast) corridor to give you more good choices for your next XOF money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to transfer money from Madagascar to Cote d'ivoire (Ivory Coast)?

When you want to send money to Cote d'ivoire (Ivory Coast) from Madagascar, you obviously want the cheapest possible option to maximize the money your recipient gets in CFA Franc BCEAO. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your MGA to XOF money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Madagascar to Cote d'ivoire (Ivory Coast). But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Madagascar to Cote d'ivoire (Ivory Coast) exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send CFA Franc BCEAO overseas.


How to send money from Madagascar to Cote d'ivoire (Ivory Coast) through a bank?

We do not recommend using your local bank in Madagascar for your next MGA to XOF 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 Cote d'ivoire (Ivory Coast) (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 XOF to Cote d'ivoire (Ivory Coast). These companies will let you use your local bank account in Madagascar to pay for your Cote d'ivoire (Ivory Coast) 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 Cote d'ivoire (Ivory Coast) fast?

The first thing to do when you need to convert MGA to XOF 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 CFA Franc BCEAO. 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 Cote d'ivoire (Ivory Coast) 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 Cote d'ivoire (Ivory Coast).


Which are the best money transfer companies to send money to Cote d'ivoire (Ivory Coast) from Madagascar?

Comparing money transfer companies for sending money to Cote d'ivoire (Ivory Coast) from Madagascar can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Cote d'ivoire (Ivory Coast). How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Malagasy Ariary to CFA Franc BCEAO transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the CFA Franc BCEAO yield on every Malagasy Ariary that you send.


Step by step guide to do a money transfer from Madagascar to Cote d'ivoire (Ivory Coast)

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Madagascar to Cote d'ivoire (Ivory Coast), then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Madagascar to Cote d'ivoire (Ivory Coast) that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Cote d'ivoire (Ivory Coast) where they can receive monies in CFA Franc BCEAO.
  • Then, provide details of your Madagascar bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your MGA travel to another part of the globe.