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

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

Micronesia
Madagascar
USD

Interbank Exchange Rate: 1 USD = 4,431.4580 MGA
Updated about an hour ago

Found 1 Remittance Service Providers

XEMONEYTX
Read more about XE Money Transfer
(*)★★ (*)★★ (*)★★ ( )★★ ( )★★
1000 USD =
4 347 696.10 MGA
Transfer Limit (USD): No Limits
Indicative Rate1 USD = 4,347.6961 MGA
Refer a friend to earn USD 25

📢 New! Cash pickup available

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





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

Easily compare money transfer providers in one place to send money from Micronesia to Madagascar. Send money overseas to your loved ones by comparing US Dollar (USD) 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.

When making a money transfer to Madagascar from Micronesia, we currently have 1 remittance service providers available.

XE Money Transfer currently offers the most competitive rate for sending money to Madagascar and their 1 USD to MGA exchange rate today is 4,347.6961.

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 Micronesia.

Were you looking to send money from Madagascar to Micronesia 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 USD to MGA Conversion Rates

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

1 USD4,431.46 MGA
5 USD22,157.29 MGA
10 USD44,314.58 MGA
25 USD110,786.45 MGA
50 USD221,572.90 MGA
100 USD443,145.80 MGA
150 USD664,718.70 MGA
200 USD886,291.60 MGA
250 USD1,107,864.50 MGA
300 USD1,329,437.40 MGA
400 USD1,772,583.20 MGA
500 USD2,215,729.00 MGA
600 USD2,658,874.80 MGA
700 USD3,102,020.60 MGA
800 USD3,545,166.40 MGA
1,000 USD4,431,458.00 MGA
1,500 USD6,647,187.00 MGA
2,000 USD8,862,916.00 MGA
2,500 USD11,078,645.00 MGA
3,000 USD13,294,374.00 MGA
4,000 USD17,725,832.00 MGA
5,000 USD22,157,290.00 MGA
10,000 USD44,314,580.00 MGA
15,000 USD66,471,870.00 MGA
20,000 USD88,629,160.00 MGA
30,000 USD132,943,740.00 MGA
40,000 USD177,258,320.00 MGA
50,000 USD221,572,900.00 MGA
100,000 USD443,145,800.00 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 from Micronesia to Madagascar?

It can be very confusing when sending money from Micronesia to Madagascar given so many choices. Additionally, United States Dollar to MGA exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Micronesia to Madagascar as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Madagascar from Micronesia. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for United States Dollar to Malagasy Ariary remittances.


How to get the best exchange rate for sending money from Micronesia to 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 Madagascar.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Micronesia to Madagascar 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 USD to Malagasy Ariary 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 for transferring money to Madagascar from Micronesia?

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 Micronesia to Madagascar 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 United States Dollar to Malagasy Ariary 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 Micronesia to Madagascar 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 USD to MGA remittances.


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

We do not recommend using your local bank in Micronesia for your next USD to MGA overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Micronesia to Madagascar (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending MGA to Madagascar. These companies will let you use your local bank account in Micronesia to pay for your Madagascar money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money to Madagascar from Micronesia fast?

The speed of your United States Dollar to Malagasy Ariary funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert USD to MGA. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Madagascar from Micronesia is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Madagascar if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout MGA into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Micronesia bank to Madagascar bank transfer.


Which are the best money transfer companies to send money to Madagascar from Micronesia?

Comparing money transfer companies for sending money to Madagascar from Micronesia 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 United States Dollar 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 United States Dollar that you send.


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

With so many possible ways to transfer United States Dollar to Malagasy Ariary, 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 Micronesia to Madagascar 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 Micronesia and the receiver in Madagascar. 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 USD to Malagasy Ariary money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.