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Compare today's MGA to TMT (Malagasy Ariary to Turkmenistan Manat) exchange rates

Madagascar
Turkmenistan
MGA

Interbank Exchange Rate: 1 MGA = 0.0009 TMT
Updated about an hour ago

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All you need to know about Malagasy Ariary to Turkmenistan Manat money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Turkmenistan. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Turkmenistan Manat (TMT) 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 Turkmenistan 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 TMT Conversion Rates

Here are some latest MGA to TMT (Malagasy Ariary to Turkmenistan Manat) exchange rates for popular conversion amounts*.

1 MGA0.00 TMT
5 MGA0.00 TMT
10 MGA0.01 TMT
25 MGA0.02 TMT
50 MGA0.05 TMT
100 MGA0.09 TMT
150 MGA0.14 TMT
200 MGA0.18 TMT
250 MGA0.23 TMT
300 MGA0.27 TMT
400 MGA0.36 TMT
500 MGA0.45 TMT
600 MGA0.54 TMT
700 MGA0.63 TMT
800 MGA0.72 TMT
1,000 MGA0.90 TMT
1,500 MGA1.35 TMT
2,000 MGA1.80 TMT
2,500 MGA2.25 TMT
3,000 MGA2.70 TMT
4,000 MGA3.60 TMT
5,000 MGA4.50 TMT
10,000 MGA9.00 TMT
15,000 MGA13.50 TMT
20,000 MGA18.00 TMT
30,000 MGA27.00 TMT
40,000 MGA36.00 TMT
50,000 MGA45.00 TMT
100,000 MGA90.00 TMT

*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 Turkmenistan?

There are many good choices when it comes to sending money from Madagascar to Turkmenistan. 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 TMT money transfers.

We compare different remittance companies to bring you the best options to send money to Turkmenistan 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 Turkmenistan Manat 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 Turkmenistan?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Turkmenistan 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 Turkmenistan Manat 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 Turkmenistan corridor to give you more good choices for your next TMT money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way for transferring money to Turkmenistan from Madagascar?

When you want to send money to Turkmenistan from Madagascar, you obviously want the cheapest possible option to maximize the money your recipient gets in Turkmenistan Manat. 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 TMT 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 Turkmenistan. 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 Turkmenistan 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 Turkmenistan Manat overseas.


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

Bank transfers have been a traditionally popular way to send money overseas from Madagascar to Turkmenistan. 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 TMT 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 Turkmenistan 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 Turkmenistan 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 Turkmenistan. 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 TMT 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 Turkmenistan. 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 Turkmenistan Manat quickly to Turkmenistan, 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 to Turkmenistan from Madagascar?

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 Turkmenistan, 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 Turkmenistan Manat 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 TMT money transfers to Turkmenistan. 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 Turkmenistan getting more money for every Malagasy Ariary you send.


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

The first step to send money to Turkmenistan 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 TMT 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 Turkmenistan 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 Turkmenistan!

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 Turkmenistan.