Compare today's MGA to MNT (Malagasy Ariary to Mongolian Togrog) exchange rates
Interbank Exchange Rate: 1 MGA = 0.8034 MNT
Updated about an hour ago
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All you need to know about Malagasy Ariary to Mongolian Togrog money transfers
Easily compare money transfer providers in one place to send money from Madagascar to Mongolia. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Mongolian Togrog (MNT) 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.
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Latest MGA to MNT Conversion Rates
Here are some latest MGA to MNT (Malagasy Ariary to Mongolian Togrog) exchange rates for popular conversion amounts*.
| 1 MGA | 0.80 MNT |
| 5 MGA | 4.02 MNT |
| 10 MGA | 8.03 MNT |
| 25 MGA | 20.09 MNT |
| 50 MGA | 40.17 MNT |
| 100 MGA | 80.34 MNT |
| 150 MGA | 120.51 MNT |
| 200 MGA | 160.68 MNT |
| 250 MGA | 200.85 MNT |
| 300 MGA | 241.02 MNT |
| 400 MGA | 321.36 MNT |
| 500 MGA | 401.70 MNT |
| 600 MGA | 482.04 MNT |
| 700 MGA | 562.38 MNT |
| 800 MGA | 642.72 MNT |
| 1,000 MGA | 803.40 MNT |
| 1,500 MGA | 1,205.10 MNT |
| 2,000 MGA | 1,606.80 MNT |
| 2,500 MGA | 2,008.50 MNT |
| 3,000 MGA | 2,410.20 MNT |
| 4,000 MGA | 3,213.60 MNT |
| 5,000 MGA | 4,017.00 MNT |
| 10,000 MGA | 8,034.00 MNT |
| 15,000 MGA | 12,051.00 MNT |
| 20,000 MGA | 16,068.00 MNT |
| 30,000 MGA | 24,102.00 MNT |
| 40,000 MGA | 32,136.00 MNT |
| 50,000 MGA | 40,170.00 MNT |
| 100,000 MGA | 80,340.00 MNT |
*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 Mongolia from Madagascar?
There are many good choices when it comes to sending money from Madagascar to Mongolia. 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 MNT money transfers.We compare different remittance companies to bring you the best options to send money to Mongolia 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 Mongolian Togrog 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 sending money from Madagascar to Mongolia?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Mongolia 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 Mongolian Togrog 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 Mongolia corridor to give you more good choices for your next MNT 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 Mongolia from Madagascar?
When you want to send money to Mongolia from Madagascar, you obviously want the cheapest possible option to maximize the money your recipient gets in Mongolian Togrog. 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 MNT 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 Mongolia. 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 Mongolia 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 Mongolian Togrog overseas.
How to send money from Madagascar to Mongolia through a bank?
Bank transfers have been a traditionally popular way to send money overseas from Madagascar to Mongolia. 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 MNT 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 Mongolia 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.
What is the fastest way to transfer money from Madagascar to Mongolia?
It could be a stressful experience if you need to rush money quickly from Madagascar to Mongolia. 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 MNT. 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 Mongolian Togrog. 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 Mongolia money transfers.
Which are the best money transfer companies to send money from Madagascar to Mongolia?
The first step in selecting the best money transfer operators for Madagascar to Mongolia 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 Mongolian Togrog 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 Mongolia.
Step by step guide to transfer money to Mongolia from Madagascar
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 Mongolia, 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 Mongolia 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 Mongolia where they can receive monies in Mongolian Togrog.
- 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.