Compare today's MYR to MGA (Malaysian Ringgit to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 MYR = 1,089.8546 MGA
Updated about an hour ago
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All you need to know about Malaysian Ringgit to Malagasy Ariary money transfers
Easily compare money transfer providers in one place to send money from Malaysia to Madagascar. Send money overseas to your loved ones by comparing Malaysian Ringgit (MYR) to Malagasy Ariary (MGA) 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 MYR to MGA Conversion Rates
Here are some latest MYR to MGA (Malaysian Ringgit to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 MYR | 1,089.85 MGA |
| 5 MYR | 5,449.27 MGA |
| 10 MYR | 10,898.55 MGA |
| 25 MYR | 27,246.36 MGA |
| 50 MYR | 54,492.73 MGA |
| 100 MYR | 108,985.46 MGA |
| 150 MYR | 163,478.19 MGA |
| 200 MYR | 217,970.92 MGA |
| 250 MYR | 272,463.65 MGA |
| 300 MYR | 326,956.38 MGA |
| 400 MYR | 435,941.84 MGA |
| 500 MYR | 544,927.30 MGA |
| 600 MYR | 653,912.76 MGA |
| 700 MYR | 762,898.22 MGA |
| 800 MYR | 871,883.68 MGA |
| 1,000 MYR | 1,089,854.60 MGA |
| 1,500 MYR | 1,634,781.90 MGA |
| 2,000 MYR | 2,179,709.20 MGA |
| 2,500 MYR | 2,724,636.50 MGA |
| 3,000 MYR | 3,269,563.80 MGA |
| 4,000 MYR | 4,359,418.40 MGA |
| 5,000 MYR | 5,449,273.00 MGA |
| 10,000 MYR | 10,898,546.00 MGA |
| 15,000 MYR | 16,347,819.00 MGA |
| 20,000 MYR | 21,797,092.00 MGA |
| 30,000 MYR | 32,695,638.00 MGA |
| 40,000 MYR | 43,594,184.00 MGA |
| 50,000 MYR | 54,492,730.00 MGA |
| 100,000 MYR | 108,985,460.00 MGA |
*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 Madagascar from Malaysia?
Sending money internationally to Madagascar from Malaysia 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 Malaysian Ringgit to MGA 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 Madagascar. 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 Malagasy Ariary.
How to get the best remit rate for transferring money from Malaysia to Madagascar?
Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Madagascar from Malaysia.At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MYR to Malagasy Ariary remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.
You can also register for our daily rate alert to stay aware of the latest exchange rates for MYR to MGA remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.
What's the cheapest way to transfer money from Malaysia to Madagascar?
When you want to send money to Madagascar from Malaysia, you obviously want the cheapest possible option to maximize the money your recipient gets in Malagasy Ariary. 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 MYR to MGA 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 Malaysia to Madagascar. 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 Malaysia to Madagascar 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 Malagasy Ariary overseas.
Should I use my bank to send money from Malaysia to Madagascar?
Bank transfers have been a traditionally popular way to send money overseas from Malaysia to Madagascar. 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 MYR to MGA 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 Malaysia bank for your Madagascar 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.
How to send money from Malaysia to Madagascar fast?
It could be a stressful experience if you need to rush money quickly from Malaysia to Madagascar. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?First, you should ensure that you are picking the right payment method to convert MYR to MGA. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.
Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Malagasy Ariary. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.
Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Malaysia to Madagascar money transfers.
Which are the best money transfer companies to send money from Malaysia to Madagascar?
Comparing money transfer companies for sending money to Madagascar from Malaysia 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 Madagascar. 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 Malaysian Ringgit to Malagasy Ariary 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 Malagasy Ariary yield on every Malaysian Ringgit that you send.
Step by step guide to send money to Madagascar from Malaysia
Follow the below easy steps to send money to Madagascar from Malaysia.- 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 Malaysia bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Madagascar).
- 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.