Compare today's MGA to XOF (Malagasy Ariary to CFA Franc BCEAO) exchange rates
Interbank Exchange Rate: 1 MGA = 0.1256 XOF
Updated about 1 hours ago
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All you need to know about Malagasy Ariary to CFA Franc BCEAO money transfers
Easily compare money transfer providers in one place to send money from Madagascar to Togo. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to CFA Franc BCEAO (XOF) 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 XOF Conversion Rates
Here are some latest MGA to XOF (Malagasy Ariary to CFA Franc BCEAO) exchange rates for popular conversion amounts*.
| 1 MGA | 0.13 XOF |
| 5 MGA | 0.63 XOF |
| 10 MGA | 1.26 XOF |
| 25 MGA | 3.14 XOF |
| 50 MGA | 6.28 XOF |
| 100 MGA | 12.56 XOF |
| 150 MGA | 18.84 XOF |
| 200 MGA | 25.12 XOF |
| 250 MGA | 31.40 XOF |
| 300 MGA | 37.68 XOF |
| 400 MGA | 50.24 XOF |
| 500 MGA | 62.80 XOF |
| 600 MGA | 75.36 XOF |
| 700 MGA | 87.92 XOF |
| 800 MGA | 100.48 XOF |
| 1,000 MGA | 125.60 XOF |
| 1,500 MGA | 188.40 XOF |
| 2,000 MGA | 251.20 XOF |
| 2,500 MGA | 314.00 XOF |
| 3,000 MGA | 376.80 XOF |
| 4,000 MGA | 502.40 XOF |
| 5,000 MGA | 628.00 XOF |
| 10,000 MGA | 1,256.00 XOF |
| 15,000 MGA | 1,884.00 XOF |
| 20,000 MGA | 2,512.00 XOF |
| 30,000 MGA | 3,768.00 XOF |
| 40,000 MGA | 5,024.00 XOF |
| 50,000 MGA | 6,280.00 XOF |
| 100,000 MGA | 12,560.00 XOF |
*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 Togo?
It can be very confusing when sending money from Madagascar to Togo given so many choices. Additionally, Malagasy Ariary to XOF 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 Togo 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 Togo 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 CFA Franc BCEAO remittances.
How to get the best rate to transfer money to Togo from Madagascar?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Togo 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 CFA Franc BCEAO 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 Togo corridor to give you more good choices for your next XOF 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 Togo?
Finding the cheapest way to send money from Madagascar to Togo 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 XOF 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 Togo 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 Togo?
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 XOF 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 Togo 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 Togo 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 Togo. But, you are likely to get much better rates and lower fees compared to your bank.
What is the fastest way to transfer money from Madagascar to Togo?
The speed of your Malagasy Ariary to CFA Franc BCEAO funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert MGA to XOF. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
One possible approach that will help you send money fast to Togo from Madagascar is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Togo if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.
One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout XOF into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Madagascar bank to Togo bank transfer.
Which are the best money transfer companies to transfer money from Madagascar to Togo?
The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Madagascar to Togo, we can help you in choosing the best provider.There are several key points you would want to check for; these include, but are not limited to, the best Malagasy Ariary to CFA Franc BCEAO exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.
After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your XOF money transfers to Togo. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.
Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Togo getting more money for every Malagasy Ariary you send.
Step by step guide to do a money transfer from Madagascar to Togo
Follow the below easy steps to send money to Togo 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 Togo).
- 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.