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Compare today's MGA to SRD (Malagasy Ariary to Surinamese Dollar) exchange rates

Madagascar
Suriname
MGA

Interbank Exchange Rate: 1 MGA = 0.0086 SRD
Updated about an hour ago

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All you need to know about Malagasy Ariary to Surinamese Dollar money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Suriname. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Surinamese Dollar (SRD) 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 Suriname 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 SRD Conversion Rates

Here are some latest MGA to SRD (Malagasy Ariary to Surinamese Dollar) exchange rates for popular conversion amounts*.

1 MGA0.01 SRD
5 MGA0.04 SRD
10 MGA0.09 SRD
25 MGA0.22 SRD
50 MGA0.43 SRD
100 MGA0.86 SRD
150 MGA1.29 SRD
200 MGA1.72 SRD
250 MGA2.15 SRD
300 MGA2.58 SRD
400 MGA3.44 SRD
500 MGA4.30 SRD
600 MGA5.16 SRD
700 MGA6.02 SRD
800 MGA6.88 SRD
1,000 MGA8.60 SRD
1,500 MGA12.90 SRD
2,000 MGA17.20 SRD
2,500 MGA21.50 SRD
3,000 MGA25.80 SRD
4,000 MGA34.40 SRD
5,000 MGA43.00 SRD
10,000 MGA86.00 SRD
15,000 MGA129.00 SRD
20,000 MGA172.00 SRD
30,000 MGA258.00 SRD
40,000 MGA344.00 SRD
50,000 MGA430.00 SRD
100,000 MGA860.00 SRD

*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 Suriname from Madagascar?

There are many good choices when it comes to sending money from Madagascar to Suriname. 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 SRD money transfers.

We compare different remittance companies to bring you the best options to send money to Suriname 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 Surinamese Dollar 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 your money transfers from Madagascar to Suriname?

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 Suriname.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Suriname 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 Surinamese 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 transfer money from Madagascar to Suriname?

Finding the cheapest way to send money from Madagascar to Suriname 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 SRD 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 Suriname 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.


How to send money from Madagascar to Suriname through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Madagascar to Suriname. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the MGA to SRD exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Madagascar bank for your Suriname money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money from Madagascar to Suriname fast?

If you need to convert MGA to SRD 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 Suriname 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 Surinamese Dollar 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 Suriname.

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

Comparing money transfer companies for sending money to Suriname 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 Suriname. 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 Surinamese Dollar 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 Surinamese Dollar yield on every Malagasy Ariary that you send.


Step by step guide to send money from Madagascar to Suriname

There are many important aspects of Madagascar to Suriname 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 SRD 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 Suriname to validate that they get the money once the transaction clears.