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Compare today's MGA to LKR (Malagasy Ariary to Sri Lankan Rupee) exchange rates

Madagascar
Sri Lanka
MGA

Interbank Exchange Rate: 1 MGA = 0.0699 LKR
Updated about an hour ago

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All you need to know about Malagasy Ariary to Sri Lankan Rupee money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Sri Lanka. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Sri Lankan Rupee (LKR) 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 Sri Lanka 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 LKR Conversion Rates

Here are some latest MGA to LKR (Malagasy Ariary to Sri Lankan Rupee) exchange rates for popular conversion amounts*.

1 MGA0.07 LKR
5 MGA0.35 LKR
10 MGA0.70 LKR
25 MGA1.75 LKR
50 MGA3.50 LKR
100 MGA6.99 LKR
150 MGA10.49 LKR
200 MGA13.98 LKR
250 MGA17.48 LKR
300 MGA20.97 LKR
400 MGA27.96 LKR
500 MGA34.95 LKR
600 MGA41.94 LKR
700 MGA48.93 LKR
800 MGA55.92 LKR
1,000 MGA69.90 LKR
1,500 MGA104.85 LKR
2,000 MGA139.80 LKR
2,500 MGA174.75 LKR
3,000 MGA209.70 LKR
4,000 MGA279.60 LKR
5,000 MGA349.50 LKR
10,000 MGA699.00 LKR
15,000 MGA1,048.50 LKR
20,000 MGA1,398.00 LKR
30,000 MGA2,097.00 LKR
40,000 MGA2,796.00 LKR
50,000 MGA3,495.00 LKR
100,000 MGA6,990.00 LKR

*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 Sri Lanka from Madagascar?

There are many good choices when it comes to sending money from Madagascar to Sri Lanka. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Malagasy Ariary to LKR money transfers.

We compare different remittance companies to bring you the best options to send money to Sri Lanka from Madagascar. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Malagasy Ariary to Sri Lankan Rupee money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best exchange rate for sending money from Madagascar to Sri Lanka?

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 Sri Lanka 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 Sri Lankan Rupee 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 Sri Lankan Rupee exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to transfer money from Madagascar to Sri Lanka?

When you want to send money to Sri Lanka from Madagascar, you obviously want the cheapest possible option to maximize the money your recipient gets in Sri Lankan Rupee. 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 LKR 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 Sri Lanka. 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 Sri Lanka 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 Sri Lankan Rupee overseas.


Should I use my bank to send money from Madagascar to Sri Lanka?

We do not recommend using your local bank in Madagascar for your next MGA to LKR 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 Sri Lanka (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 LKR to Sri Lanka. These companies will let you use your local bank account in Madagascar to pay for your Sri Lanka 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 Sri Lanka fast?

If you need to convert MGA to LKR 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 Sri Lanka 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 Sri Lankan Rupee 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 Sri Lanka.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Madagascar to Sri Lanka. 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 to Sri Lanka from Madagascar?

Since the Malagasy Ariary to Sri Lankan Rupee money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Madagascar that may also be able to send money to Sri Lanka. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your MGA to LKR money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Sri Lanka gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Madagascar to Sri Lanka transaction.


Step by step guide to send money to Sri Lanka from Madagascar

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Madagascar to Sri Lanka, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Madagascar to Sri Lanka that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Sri Lanka where they can receive monies in Sri Lankan Rupee.
  • Then, provide details of your Madagascar bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your MGA travel to another part of the globe.