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Compare today's MGA to TRY (Malagasy Ariary to Turkish Lira) exchange rates

Madagascar
Turkey
MGA

Interbank Exchange Rate: 1 MGA = 0.0099 TRY
Updated about an hour ago

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All you need to know about Malagasy Ariary to Turkish Lira money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Turkey. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Turkish Lira (TRY) 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 Turkey 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 TRY Conversion Rates

Here are some latest MGA to TRY (Malagasy Ariary to Turkish Lira) exchange rates for popular conversion amounts*.

1 MGA0.01 TRY
5 MGA0.05 TRY
10 MGA0.10 TRY
25 MGA0.25 TRY
50 MGA0.50 TRY
100 MGA0.99 TRY
150 MGA1.49 TRY
200 MGA1.98 TRY
250 MGA2.48 TRY
300 MGA2.97 TRY
400 MGA3.96 TRY
500 MGA4.95 TRY
600 MGA5.94 TRY
700 MGA6.93 TRY
800 MGA7.92 TRY
1,000 MGA9.90 TRY
1,500 MGA14.85 TRY
2,000 MGA19.80 TRY
2,500 MGA24.75 TRY
3,000 MGA29.70 TRY
4,000 MGA39.60 TRY
5,000 MGA49.50 TRY
10,000 MGA99.00 TRY
15,000 MGA148.50 TRY
20,000 MGA198.00 TRY
30,000 MGA297.00 TRY
40,000 MGA396.00 TRY
50,000 MGA495.00 TRY
100,000 MGA990.00 TRY

*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 from Madagascar to Turkey?

There are many good choices when it comes to sending money from Madagascar to Turkey. 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 TRY money transfers.

We compare different remittance companies to bring you the best options to send money to Turkey 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 Turkish Lira money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best rate to transfer money to Turkey from Madagascar?

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 Turkey.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Turkey 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 Turkish Lira 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 send money to Turkey from Madagascar?

The final amount your recipient gets when you send MGA to TRY is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Madagascar to Turkey used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Turkish Lira is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Malagasy Ariary to Turkey exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


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

Bank transfers have been a traditionally popular way to send money overseas from Madagascar to Turkey. 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 TRY 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 Turkey 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.


What is the fastest way to do a money transfer to Turkey from Madagascar?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Madagascar to Turkey. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert MGA to TRY fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Malagasy Ariary amount reaching Turkey. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Turkish Lira quickly to Turkey, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to transfer money from Madagascar to Turkey?

Since the Malagasy Ariary to Turkish Lira 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 Turkey. 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 TRY money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Turkey 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 Turkey transaction.


Step by step guide to do a money transfer from Madagascar to Turkey

The first step to send money to Turkey 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 TRY 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 Turkey 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 Turkey!

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 Turkey.