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Compare today's MGA to ZAR (Malagasy Ariary to South African Rand) exchange rates

Madagascar
South Africa
MGA

Interbank Exchange Rate: 1 MGA = 0.0036 ZAR
Updated about an hour ago

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All you need to know about Malagasy Ariary to South African Rand money transfers

Easily compare money transfer providers in one place to send money from Madagascar to South Africa. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to South African Rand (ZAR) 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 ZAR Conversion Rates

Here are some latest MGA to ZAR (Malagasy Ariary to South African Rand) exchange rates for popular conversion amounts*.

1 MGA0.00 ZAR
5 MGA0.02 ZAR
10 MGA0.04 ZAR
25 MGA0.09 ZAR
50 MGA0.18 ZAR
100 MGA0.36 ZAR
150 MGA0.54 ZAR
200 MGA0.72 ZAR
250 MGA0.90 ZAR
300 MGA1.08 ZAR
400 MGA1.44 ZAR
500 MGA1.80 ZAR
600 MGA2.16 ZAR
700 MGA2.52 ZAR
800 MGA2.88 ZAR
1,000 MGA3.60 ZAR
1,500 MGA5.40 ZAR
2,000 MGA7.20 ZAR
2,500 MGA9.00 ZAR
3,000 MGA10.80 ZAR
4,000 MGA14.40 ZAR
5,000 MGA18.00 ZAR
10,000 MGA36.00 ZAR
15,000 MGA54.00 ZAR
20,000 MGA72.00 ZAR
30,000 MGA108.00 ZAR
40,000 MGA144.00 ZAR
50,000 MGA180.00 ZAR
100,000 MGA360.00 ZAR

*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 South Africa money transfers?

It can be very confusing when sending money from Madagascar to South Africa given so many choices. Additionally, Malagasy Ariary to ZAR exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Madagascar to South Africa as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to South Africa from Madagascar. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Malagasy Ariary to South African Rand remittances.


How to get the best rate to transfer money to South Africa from Madagascar?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to South Africa 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 South African Rand 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 South Africa corridor to give you more good choices for your next ZAR money transfer. This way you do not miss out on additional options to potentially save more.


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

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 South Africa 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 South African Rand 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 South Africa 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 ZAR remittances.


Should I use my bank to transfer money from Madagascar to South Africa?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low MGA to ZAR exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Madagascar to South Africa money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to South Africa from Madagascar. They do this by letting you fund your transaction through your local bank account in Madagascar, and by allowing you to choose the payout to be your recipient's bank account in South Africa. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money to South Africa from Madagascar fast?

The first thing to do when you need to convert MGA to ZAR 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 South African Rand. 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 South Africa 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 South Africa.


Which are the best money transfer companies to send money from Madagascar to South Africa?

The first step in selecting the best money transfer operators for Madagascar to South Africa 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 South African Rand 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 South Africa.


Step by step guide to do a money transfer from Madagascar to South Africa

There are many important aspects of Madagascar to South Africa 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 ZAR 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.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in South Africa to validate that they get the money once the transaction clears.