Compare today's NZD to MGA (New Zealand Dollar to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 NZD = 2,547.3148 MGA
Updated about an hour ago
Found 3 Remittance Service Providers
1000 NZD =
2 477 593.80 MGA
Transfer Limit (NZD): No Limits
Indicative Rate1 NZD = 2,477.5938 MGA
📢 B2B transfers only
1000 NZD =
2 432 454.00 MGA
Transfer Limit (NZD): No Limits
Indicative Rate1 NZD = 2,432.4540 MGA
📢 New! Cash pickup available
1000 NZD =
2 420 810.00 MGA
Transfer Limit (NZD): 0 - 20000
Locked-In Rate1 NZD = 2,420.8100 MGA
📢 Special exchange rate applied for first transfer
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 New Zealand Dollar to Malagasy Ariary money transfers
Easily compare money transfer providers in one place to send money from New Zealand to Madagascar. Send money overseas to your loved ones by comparing New Zealand Dollar (NZD) 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 New Zealand, we currently have 3 remittance service providers available.
Airwallex currently offers the most competitive rate for sending money to Madagascar and their 1 NZD to MGA exchange rate today is 2,477.5938.
The next best New Zealand Dollar to Malagasy Ariary exchange rate today for money transfers to Madagascar is offered by XE Money Transfer (1 NZD = 2,432.4540 MGA).
Were you looking to send money from Madagascar to New Zealand instead?
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.
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.
Latest NZD to MGA Conversion Rates
Here are some latest NZD to MGA (New Zealand Dollar to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 NZD | 2,547.31 MGA |
| 5 NZD | 12,736.57 MGA |
| 10 NZD | 25,473.15 MGA |
| 25 NZD | 63,682.87 MGA |
| 50 NZD | 127,365.74 MGA |
| 100 NZD | 254,731.48 MGA |
| 150 NZD | 382,097.22 MGA |
| 200 NZD | 509,462.96 MGA |
| 250 NZD | 636,828.70 MGA |
| 300 NZD | 764,194.44 MGA |
| 400 NZD | 1,018,925.92 MGA |
| 500 NZD | 1,273,657.40 MGA |
| 600 NZD | 1,528,388.88 MGA |
| 700 NZD | 1,783,120.36 MGA |
| 800 NZD | 2,037,851.84 MGA |
| 1,000 NZD | 2,547,314.80 MGA |
| 1,500 NZD | 3,820,972.20 MGA |
| 2,000 NZD | 5,094,629.60 MGA |
| 2,500 NZD | 6,368,287.00 MGA |
| 3,000 NZD | 7,641,944.40 MGA |
| 4,000 NZD | 10,189,259.20 MGA |
| 5,000 NZD | 12,736,574.00 MGA |
| 10,000 NZD | 25,473,148.00 MGA |
| 15,000 NZD | 38,209,722.00 MGA |
| 20,000 NZD | 50,946,296.00 MGA |
| 30,000 NZD | 76,419,444.00 MGA |
| 40,000 NZD | 101,892,592.00 MGA |
| 50,000 NZD | 127,365,740.00 MGA |
| 100,000 NZD | 254,731,480.00 MGA |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to do New Zealand to Madagascar money transfers?
With the global remittance market booming, there are so many choices for New Zealand Dollar to MGA 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 Madagascar from New Zealand. 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 MGA 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 exchange rate for sending money from New Zealand to Madagascar?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Madagascar from New Zealand. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.One way you could eliminate the manual work to search and compare providers for your NZD to Malagasy Ariary money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.
We are also constantly adding new partners for the New Zealand to Madagascar corridor to give you more good choices for your next MGA money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to transfer money from New Zealand to Madagascar?
One of the most important things to watch out for is hidden fees when sending money to Madagascar from New Zealand. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Madagascar using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Malagasy Ariary foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best NZD to Madagascar exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.
Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Madagascar from New Zealand.
How to send money to Madagascar from New Zealand through a bank?
There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low NZD to MGA exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on New Zealand to Madagascar money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.
Most of the remittance companies today offer bank to bank transfers for sending money to Madagascar from New Zealand. They do this by letting you fund your transaction through your local bank account in New Zealand, and by allowing you to choose the payout to be your recipient's bank account in Madagascar. But, you are likely to get much better rates and lower fees compared to your bank.
How to send money from New Zealand to Madagascar fast?
It could be a stressful experience if you need to rush money quickly from New Zealand 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 NZD 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 New Zealand to Madagascar money transfers.
Which are the best money transfer companies to send money from New Zealand to Madagascar?
New Zealand 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 New Zealand Dollar 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 do a money transfer from New Zealand to Madagascar
There are many important aspects of New Zealand to Madagascar remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.
- Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
- Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - New Zealand bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
- Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include MGA bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
- Step 4 - Provision recipient details including name and address.
- Step 5 - Decide how much New Zealand Dollar amount you want to send from New Zealand.
- Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
- Step 7 - Validate all the information for accuracy and start your transaction.