Compare today's MGA to EUR (Malagasy Ariary to Euro) exchange rates
Interbank Exchange Rate: 1 MGA = 0.0003 EUR
Updated about an hour ago
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All you need to know about Malagasy Ariary to Euro money transfers
Easily compare money transfer providers in one place to send money from Madagascar to Reunion. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Euro (EUR) 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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Latest MGA to EUR Conversion Rates
Here are some latest MGA to EUR (Malagasy Ariary to Euro) exchange rates for popular conversion amounts*.
| 1 MGA | 0.00 EUR |
| 5 MGA | 0.00 EUR |
| 10 MGA | 0.00 EUR |
| 25 MGA | 0.01 EUR |
| 50 MGA | 0.02 EUR |
| 100 MGA | 0.03 EUR |
| 150 MGA | 0.05 EUR |
| 200 MGA | 0.06 EUR |
| 250 MGA | 0.08 EUR |
| 300 MGA | 0.09 EUR |
| 400 MGA | 0.12 EUR |
| 500 MGA | 0.15 EUR |
| 600 MGA | 0.18 EUR |
| 700 MGA | 0.21 EUR |
| 800 MGA | 0.24 EUR |
| 1,000 MGA | 0.30 EUR |
| 1,500 MGA | 0.45 EUR |
| 2,000 MGA | 0.60 EUR |
| 2,500 MGA | 0.75 EUR |
| 3,000 MGA | 0.90 EUR |
| 4,000 MGA | 1.20 EUR |
| 5,000 MGA | 1.50 EUR |
| 10,000 MGA | 3.00 EUR |
| 15,000 MGA | 4.50 EUR |
| 20,000 MGA | 6.00 EUR |
| 30,000 MGA | 9.00 EUR |
| 40,000 MGA | 12.00 EUR |
| 50,000 MGA | 15.00 EUR |
| 100,000 MGA | 30.00 EUR |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to transfer money from Madagascar to Reunion?
With the global remittance market booming, there are so many choices for Malagasy Ariary to EUR money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Reunion from Madagascar. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.
We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final EUR amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.
How to get the best remit rate for transferring money from Madagascar to Reunion?
With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Madagascar to Reunion transfers.RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your MGA to Euro international money transfers.
To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Malagasy Ariary to Euro exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.
What's the cheapest way for transferring money to Reunion from Madagascar?
While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Madagascar to Reunion via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.A sure way to find the most cost effective way for Malagasy Ariary to Euro remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.
Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Madagascar to Reunion exchange rate.
Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for MGA to EUR remittances.
Should I use my bank to transfer money from Madagascar to Reunion?
Bank transfers have been a traditionally popular way to send money overseas from Madagascar to Reunion. 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 EUR 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 Reunion 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 Reunion?
How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Madagascar to Reunion. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.To help you convert MGA to EUR fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.
If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Malagasy Ariary amount reaching Reunion. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.
Hopefully, you do not find yourself in a crisis where you have to rush Euro quickly to Reunion, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.
Which are the best money transfer companies to send money to Reunion from Madagascar?
Madagascar to Reunion money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Reunion as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.
Once you have defined your parameters, selecting the best Malagasy Ariary to Euro money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.
Step by step guide to transfer money to Reunion from Madagascar
Follow the below easy steps to send money to Reunion from Madagascar.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Madagascar bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Reunion).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.