Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's MGA to USD (Malagasy Ariary to US Dollar) exchange rates

Madagascar
Zimbabwe
MGA

Interbank Exchange Rate: 1 MGA = 0.0006 USD
Updated about an hour ago

Found 0 Remittance Service Providers

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

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

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

1 MGA0.00 USD
5 MGA0.00 USD
10 MGA0.01 USD
25 MGA0.02 USD
50 MGA0.03 USD
100 MGA0.06 USD
150 MGA0.09 USD
200 MGA0.12 USD
250 MGA0.15 USD
300 MGA0.18 USD
400 MGA0.24 USD
500 MGA0.30 USD
600 MGA0.36 USD
700 MGA0.42 USD
800 MGA0.48 USD
1,000 MGA0.60 USD
1,500 MGA0.90 USD
2,000 MGA1.20 USD
2,500 MGA1.50 USD
3,000 MGA1.80 USD
4,000 MGA2.40 USD
5,000 MGA3.00 USD
10,000 MGA6.00 USD
15,000 MGA9.00 USD
20,000 MGA12.00 USD
30,000 MGA18.00 USD
40,000 MGA24.00 USD
50,000 MGA30.00 USD
100,000 MGA60.00 USD

*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 Zimbabwe from Madagascar?

Sending money internationally to Zimbabwe from Madagascar can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Malagasy Ariary to USD remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Zimbabwe. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in United States Dollar.


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

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 Zimbabwe.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Madagascar to Zimbabwe 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 United States 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 Zimbabwe?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Madagascar to Zimbabwe via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Malagasy Ariary to United States Dollar remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Madagascar to Zimbabwe exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for MGA to USD remittances.


Should I use my bank to send money from Madagascar to Zimbabwe?

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 Zimbabwe 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 USD transfers.

Given this, there are umpteen additional options to send money to Zimbabwe 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 Zimbabwe gets the maximum amount.


How to send money from Madagascar to Zimbabwe fast?

The first thing to do when you need to convert MGA to USD quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Malagasy Ariary and United States Dollar. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Madagascar to Zimbabwe remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Zimbabwe.


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

Comparing money transfer companies for sending money to Zimbabwe 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 Zimbabwe. 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 United States 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 United States Dollar yield on every Malagasy Ariary that you send.


Step by step guide to send money to Zimbabwe from Madagascar

The first step to send money to Zimbabwe 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 USD 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 Zimbabwe 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 Zimbabwe!

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 Zimbabwe.