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Compare today's MGA to JMD (Malagasy Ariary to Jamaican Dollar) exchange rates

Madagascar
Jamaica
MGA

Interbank Exchange Rate: 1 MGA = 0.0354 JMD
Updated about an hour ago

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All you need to know about Malagasy Ariary to Jamaican Dollar money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Jamaica. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Jamaican Dollar (JMD) 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 Jamaica 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 JMD Conversion Rates

Here are some latest MGA to JMD (Malagasy Ariary to Jamaican Dollar) exchange rates for popular conversion amounts*.

1 MGA0.04 JMD
5 MGA0.18 JMD
10 MGA0.35 JMD
25 MGA0.89 JMD
50 MGA1.77 JMD
100 MGA3.54 JMD
150 MGA5.31 JMD
200 MGA7.08 JMD
250 MGA8.85 JMD
300 MGA10.62 JMD
400 MGA14.16 JMD
500 MGA17.70 JMD
600 MGA21.24 JMD
700 MGA24.78 JMD
800 MGA28.32 JMD
1,000 MGA35.40 JMD
1,500 MGA53.10 JMD
2,000 MGA70.80 JMD
2,500 MGA88.50 JMD
3,000 MGA106.20 JMD
4,000 MGA141.60 JMD
5,000 MGA177.00 JMD
10,000 MGA354.00 JMD
15,000 MGA531.00 JMD
20,000 MGA708.00 JMD
30,000 MGA1,062.00 JMD
40,000 MGA1,416.00 JMD
50,000 MGA1,770.00 JMD
100,000 MGA3,540.00 JMD

*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 Jamaica money transfers?

There are many good choices when it comes to sending money from Madagascar to Jamaica. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Malagasy Ariary to JMD money transfers.

We compare different remittance companies to bring you the best options to send money to Jamaica from Madagascar. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Malagasy Ariary to Jamaican Dollar money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best rate to transfer money to Jamaica from Madagascar?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your MGA to Jamaican Dollar money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Madagascar to Jamaica. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for MGA to JMD remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to transfer money from Madagascar to Jamaica?

When you want to send money to Jamaica from Madagascar, you obviously want the cheapest possible option to maximize the money your recipient gets in Jamaican Dollar. 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 JMD 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 Jamaica. 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 Jamaica 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 Jamaican Dollar overseas.


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

We do not recommend using your local bank in Madagascar for your next MGA to JMD 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 Jamaica (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 JMD to Jamaica. These companies will let you use your local bank account in Madagascar to pay for your Jamaica money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to do a money transfer to Jamaica from Madagascar?

If you need to convert MGA to JMD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Madagascar to Jamaica could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Malagasy Ariary to Jamaican Dollar funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Jamaica.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Madagascar to Jamaica. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to transfer money from Madagascar to Jamaica?

Since the Malagasy Ariary to Jamaican Dollar money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Madagascar that may also be able to send money to Jamaica. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your MGA to JMD money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Jamaica gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Madagascar to Jamaica transaction.


Step by step guide to send money from Madagascar to Jamaica

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 Jamaica, 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 Jamaica 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 Jamaica where they can receive monies in Jamaican Dollar.
  • 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.