Compare today's MGA to SGD (Malagasy Ariary to Singapore Dollar) exchange rates
Interbank Exchange Rate: 1 MGA = 0.0003 SGD
Updated about an hour ago
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All you need to know about Malagasy Ariary to Singapore Dollar money transfers
Easily compare money transfer providers in one place to send money from Madagascar to Singapore. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Singapore Dollar (SGD) 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 SGD Conversion Rates
Here are some latest MGA to SGD (Malagasy Ariary to Singapore Dollar) exchange rates for popular conversion amounts*.
| 1 MGA | 0.00 SGD |
| 5 MGA | 0.00 SGD |
| 10 MGA | 0.00 SGD |
| 25 MGA | 0.01 SGD |
| 50 MGA | 0.02 SGD |
| 100 MGA | 0.03 SGD |
| 150 MGA | 0.05 SGD |
| 200 MGA | 0.06 SGD |
| 250 MGA | 0.08 SGD |
| 300 MGA | 0.09 SGD |
| 400 MGA | 0.12 SGD |
| 500 MGA | 0.15 SGD |
| 600 MGA | 0.18 SGD |
| 700 MGA | 0.21 SGD |
| 800 MGA | 0.24 SGD |
| 1,000 MGA | 0.30 SGD |
| 1,500 MGA | 0.45 SGD |
| 2,000 MGA | 0.60 SGD |
| 2,500 MGA | 0.75 SGD |
| 3,000 MGA | 0.90 SGD |
| 4,000 MGA | 1.20 SGD |
| 5,000 MGA | 1.50 SGD |
| 10,000 MGA | 3.00 SGD |
| 15,000 MGA | 4.50 SGD |
| 20,000 MGA | 6.00 SGD |
| 30,000 MGA | 9.00 SGD |
| 40,000 MGA | 12.00 SGD |
| 50,000 MGA | 15.00 SGD |
| 100,000 MGA | 30.00 SGD |
*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 Singapore from Madagascar?
With the global remittance market booming, there are so many choices for Malagasy Ariary to SGD 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 Singapore 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 SGD 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 exchange rate for your money transfers from Madagascar to Singapore?
One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Singapore.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Singapore transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.
You may also want to sign up for our free exchange rate alert for your MGA to Singapore Dollar money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.
What's the cheapest way to send money to Singapore from Madagascar?
One of the most important things to watch out for is hidden fees when sending money to Singapore from Madagascar. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Singapore using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Singapore Dollar foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MGA to Singapore exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.
Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Singapore from Madagascar.
How to send money from Madagascar to Singapore through a bank?
One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Madagascar to Singapore money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like MGA to SGD transfers.
Given this, there are umpteen additional options to send money to Singapore instead of just your Madagascar bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Malagasy Ariary even more so that your recipient in Singapore gets the maximum amount.
How to send money to Singapore from Madagascar fast?
The first thing to do when you need to convert MGA to SGD 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 Singapore Dollar. 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 Singapore 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 Singapore.
Which are the best money transfer companies to send money to Singapore from Madagascar?
The first step in selecting the best money transfer operators for Madagascar to Singapore 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 Singapore 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 Singapore.
Step by step guide to send money to Singapore from Madagascar
There are many important aspects of Madagascar to Singapore remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.
- Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
- Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Madagascar bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
- Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include SGD bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
- Step 4 - Provision recipient details including name and address.
- Step 5 - Decide how much Malagasy Ariary amount you want to send from Madagascar.
- Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
- Step 7 - Validate all the information for accuracy and start your transaction.