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Compare today's MGA to KRW (Malagasy Ariary to South Korean Won) exchange rates

Madagascar
South Korea
MGA

Interbank Exchange Rate: 1 MGA = 0.3295 KRW
Updated about an hour ago

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All you need to know about Malagasy Ariary to South Korean Won money transfers

Easily compare money transfer providers in one place to send money from Madagascar to South Korea. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to South Korean Won (KRW) 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 South Korea 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 KRW Conversion Rates

Here are some latest MGA to KRW (Malagasy Ariary to South Korean Won) exchange rates for popular conversion amounts*.

1 MGA0.33 KRW
5 MGA1.65 KRW
10 MGA3.30 KRW
25 MGA8.24 KRW
50 MGA16.48 KRW
100 MGA32.95 KRW
150 MGA49.43 KRW
200 MGA65.90 KRW
250 MGA82.38 KRW
300 MGA98.85 KRW
400 MGA131.80 KRW
500 MGA164.75 KRW
600 MGA197.70 KRW
700 MGA230.65 KRW
800 MGA263.60 KRW
1,000 MGA329.50 KRW
1,500 MGA494.25 KRW
2,000 MGA659.00 KRW
2,500 MGA823.75 KRW
3,000 MGA988.50 KRW
4,000 MGA1,318.00 KRW
5,000 MGA1,647.50 KRW
10,000 MGA3,295.00 KRW
15,000 MGA4,942.50 KRW
20,000 MGA6,590.00 KRW
30,000 MGA9,885.00 KRW
40,000 MGA13,180.00 KRW
50,000 MGA16,475.00 KRW
100,000 MGA32,950.00 KRW

*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 South Korea?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Madagascar to South Korea. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Malagasy Ariary to KRW.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send MGA to KRW in South Korea. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to South Korea from Madagascar. We provide you with maximum choices to send money to South Korea by comparing competing money transfer companies thereby making you the winner in the end.


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

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


What's the cheapest way for transferring money to South Korea from Madagascar?

When you want to send money to South Korea from Madagascar, you obviously want the cheapest possible option to maximize the money your recipient gets in South Korean Won. 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 KRW 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 South Korea. 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 South Korea 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 South Korean Won overseas.


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

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 KRW 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 Korea 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 Korea 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 Korea. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money to South Korea from Madagascar fast?

The first thing to do when you need to convert MGA to KRW 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 Korean Won. 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 Korea 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 Korea.


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

Madagascar to South Korea 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 South Korea 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 South Korean Won 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 send money from Madagascar to South Korea

The first step to send money to South Korea 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 KRW 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 South Korea 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 South Korea!

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 South Korea.