Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's MGA to USD (Malagasy Ariary to US Dollar) exchange rates

Madagascar
Micronesia
MGA

Interbank Exchange Rate: 1 MGA = 0.0006 USD
Updated about an hour ago

Found 0 Remittance Service Providers

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

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

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

1 MGA0.00 USD
5 MGA0.00 USD
10 MGA0.01 USD
25 MGA0.02 USD
50 MGA0.03 USD
100 MGA0.06 USD
150 MGA0.09 USD
200 MGA0.12 USD
250 MGA0.15 USD
300 MGA0.18 USD
400 MGA0.24 USD
500 MGA0.30 USD
600 MGA0.36 USD
700 MGA0.42 USD
800 MGA0.48 USD
1,000 MGA0.60 USD
1,500 MGA0.90 USD
2,000 MGA1.20 USD
2,500 MGA1.50 USD
3,000 MGA1.80 USD
4,000 MGA2.40 USD
5,000 MGA3.00 USD
10,000 MGA6.00 USD
15,000 MGA9.00 USD
20,000 MGA12.00 USD
30,000 MGA18.00 USD
40,000 MGA24.00 USD
50,000 MGA30.00 USD
100,000 MGA60.00 USD

*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 Micronesia from Madagascar?

There are many good choices when it comes to sending money from Madagascar to Micronesia. 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 USD money transfers.

We compare different remittance companies to bring you the best options to send money to Micronesia 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 United States Dollar money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best exchange rate for your money transfers from Madagascar to Micronesia?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Micronesia from Madagascar.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MGA to United States Dollar remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for MGA to USD remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


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

When you want to send money to Micronesia from Madagascar, you obviously want the cheapest possible option to maximize the money your recipient gets in United States 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 USD 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 Micronesia. 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 Micronesia 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 United States Dollar overseas.


Should I use my bank to send money from Madagascar to Micronesia?

We do not recommend using your local bank in Madagascar for your next MGA to USD 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 Micronesia (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 USD to Micronesia. These companies will let you use your local bank account in Madagascar to pay for your Micronesia 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 transfer money from Madagascar to Micronesia?

It could be a stressful experience if you need to rush money quickly from Madagascar to Micronesia. 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 USD. 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 United States 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 Micronesia money transfers.


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

The first step in selecting the best money transfer operators for Madagascar to Micronesia 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 United States Dollar 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 Micronesia.


Step by step guide to do a money transfer from Madagascar to Micronesia

The first step to send money to Micronesia from Madagascar is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your MGA to USD overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Micronesia if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Madagascar bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Micronesia!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Madagascar to Micronesia.