Compare today's EUR to MGA (Euro to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 EUR = 5,224.7532 MGA
Updated about an hour ago
Found 1 Remittance Service Providers
1000 EUR =
5 123 344.80 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,123.3448 MGA
📢 New! Cash pickup available
0 Remit Service Providers did not match the search criteria.
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 Euro to Malagasy Ariary money transfers
Easily compare money transfer providers in one place to send money from Montenegro to Madagascar. Send money overseas to your loved ones by comparing Euro (EUR) 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 Montenegro, 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 EUR to MGA exchange rate today is 5,123.3448.
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 Montenegro.
Were you looking to send money from Madagascar to Montenegro 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 EUR to MGA Conversion Rates
Here are some latest EUR to MGA (Euro to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 EUR | 5,224.75 MGA |
| 5 EUR | 26,123.77 MGA |
| 10 EUR | 52,247.53 MGA |
| 25 EUR | 130,618.83 MGA |
| 50 EUR | 261,237.66 MGA |
| 100 EUR | 522,475.32 MGA |
| 150 EUR | 783,712.98 MGA |
| 200 EUR | 1,044,950.64 MGA |
| 250 EUR | 1,306,188.30 MGA |
| 300 EUR | 1,567,425.96 MGA |
| 400 EUR | 2,089,901.28 MGA |
| 500 EUR | 2,612,376.60 MGA |
| 600 EUR | 3,134,851.92 MGA |
| 700 EUR | 3,657,327.24 MGA |
| 800 EUR | 4,179,802.56 MGA |
| 1,000 EUR | 5,224,753.20 MGA |
| 1,500 EUR | 7,837,129.80 MGA |
| 2,000 EUR | 10,449,506.40 MGA |
| 2,500 EUR | 13,061,883.00 MGA |
| 3,000 EUR | 15,674,259.60 MGA |
| 4,000 EUR | 20,899,012.80 MGA |
| 5,000 EUR | 26,123,766.00 MGA |
| 10,000 EUR | 52,247,532.00 MGA |
| 15,000 EUR | 78,371,298.00 MGA |
| 20,000 EUR | 104,495,064.00 MGA |
| 30,000 EUR | 156,742,596.00 MGA |
| 40,000 EUR | 208,990,128.00 MGA |
| 50,000 EUR | 261,237,660.00 MGA |
| 100,000 EUR | 522,475,320.00 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 Montenegro to Madagascar?
There are many good choices when it comes to sending money from Montenegro to Madagascar. 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 Euro to MGA money transfers.We compare different remittance companies to bring you the best options to send money to Madagascar from Montenegro. 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 Euro to Malagasy Ariary money transfers. You can take advantage of these deals and make the most of your hard earned money.
How to get the best remit rate for transferring money from Montenegro 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 Montenegro 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 EUR 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 to send money to Madagascar from Montenegro?
Finding the cheapest way to send money from Montenegro to Madagascar might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer EUR to MGA via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.
Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Montenegro to Madagascar exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.
Should I use my bank to transfer money from Montenegro to Madagascar?
We do not recommend using your local bank in Montenegro for your next EUR 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 Montenegro 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 Montenegro 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.
What is the fastest way to transfer money from Montenegro to Madagascar?
If you need to convert EUR to MGA as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Montenegro to Madagascar could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.
Apart from the above, there are many other factors that can have an impact on your Euro to Malagasy Ariary funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Madagascar.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Montenegro to Madagascar. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.
Which are the best money transfer companies to send money to Madagascar from Montenegro?
Montenegro to Madagascar money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Madagascar as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.
Once you have defined your parameters, selecting the best Euro to Malagasy Ariary money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.
Step by step guide to send money to Madagascar from Montenegro
Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Montenegro to Madagascar, then please continue to read.One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Montenegro to Madagascar that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.
Once you identify your provider of choice, follow the below step by step guide to send money.
- Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
- Provide information about the receiver - name, address and a bank account in Madagascar where they can receive monies in Malagasy Ariary.
- Then, provide details of your Montenegro bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
- Finally, select the amount you want to transfer, and click Send.
- The provider will start your transaction, and keep you updated on the progress of your transfer.