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Compare today's MGA to UGX (Malagasy Ariary to Ugandan Shilling) exchange rates

Madagascar
Uganda
MGA

Interbank Exchange Rate: 1 MGA = 0.8044 UGX
Updated about an hour ago

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All you need to know about Malagasy Ariary to Ugandan Shilling money transfers

Easily compare money transfer providers in one place to send money from Madagascar to Uganda. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Ugandan Shilling (UGX) 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 Uganda 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 UGX Conversion Rates

Here are some latest MGA to UGX (Malagasy Ariary to Ugandan Shilling) exchange rates for popular conversion amounts*.

1 MGA0.80 UGX
5 MGA4.02 UGX
10 MGA8.04 UGX
25 MGA20.11 UGX
50 MGA40.22 UGX
100 MGA80.44 UGX
150 MGA120.66 UGX
200 MGA160.88 UGX
250 MGA201.10 UGX
300 MGA241.32 UGX
400 MGA321.76 UGX
500 MGA402.20 UGX
600 MGA482.64 UGX
700 MGA563.08 UGX
800 MGA643.52 UGX
1,000 MGA804.40 UGX
1,500 MGA1,206.60 UGX
2,000 MGA1,608.80 UGX
2,500 MGA2,011.00 UGX
3,000 MGA2,413.20 UGX
4,000 MGA3,217.60 UGX
5,000 MGA4,022.00 UGX
10,000 MGA8,044.00 UGX
15,000 MGA12,066.00 UGX
20,000 MGA16,088.00 UGX
30,000 MGA24,132.00 UGX
40,000 MGA32,176.00 UGX
50,000 MGA40,220.00 UGX
100,000 MGA80,440.00 UGX

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do Madagascar to Uganda money transfers?

With the global remittance market booming, there are so many choices for Malagasy Ariary to UGX money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Uganda from Madagascar. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final UGX amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best remit rate for transferring money from Madagascar to Uganda?

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 Uganda 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 Ugandan Shilling 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 Ugandan Shilling 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 Uganda?

When you want to send money to Uganda from Madagascar, you obviously want the cheapest possible option to maximize the money your recipient gets in Ugandan Shilling. 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 UGX 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 Uganda. 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 Uganda 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 Ugandan Shilling overseas.


Should I use my bank to transfer money from Madagascar to Uganda?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Madagascar to Uganda money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like MGA to UGX transfers.

Given this, there are umpteen additional options to send money to Uganda instead of just your Madagascar bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Malagasy Ariary even more so that your recipient in Uganda gets the maximum amount.


What is the fastest way to do a money transfer to Uganda 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 Uganda. 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 UGX 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 Uganda. 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 Ugandan Shilling quickly to Uganda, 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 send money to Uganda 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 Uganda, 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 Ugandan Shilling 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 UGX money transfers to Uganda. 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 Uganda getting more money for every Malagasy Ariary you send.


Step by step guide to send money to Uganda from Madagascar

With so many possible ways to transfer Malagasy Ariary to Ugandan Shilling, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Madagascar to Uganda remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Madagascar and the receiver in Uganda. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your MGA to Ugandan Shilling money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.