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 Spain. 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.
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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 Spain?
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 Spain. 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 EUR.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 EUR in Spain. 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 Spain from Madagascar. We provide you with maximum choices to send money to Spain by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best exchange rate for sending money from Madagascar to Spain?
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 Spain 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 Spain from Madagascar?
Finding the cheapest way to send money from Madagascar to Spain might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer MGA to EUR via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.
Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Madagascar to Spain exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.
Should I use my bank to send money from Madagascar to Spain?
We do not recommend using your local bank in Madagascar for your next MGA to EUR overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Madagascar to Spain (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.
Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending EUR to Spain. These companies will let you use your local bank account in Madagascar to pay for your Spain money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
How to send money from Madagascar to Spain fast?
If you need to convert MGA to EUR as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Madagascar to Spain could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.
Apart from the above, there are many other factors that can have an impact on your Malagasy Ariary to Euro funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Spain.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Madagascar to Spain. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.
Which are the best money transfer companies to transfer money from Madagascar to Spain?
Comparing money transfer companies for sending money to Spain from Madagascar can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Spain. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Malagasy Ariary to Euro transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?
Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Euro yield on every Malagasy Ariary that you send.
Step by step guide to transfer money to Spain from Madagascar
Follow the below easy steps to send money to Spain 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 Spain).
- 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.