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Compare today's EUR to MGA (Euro to Malagasy Ariary) exchange rates

Portugal
Madagascar
EUR

Interbank Exchange Rate: 1 EUR = 5,227.1181 MGA
Updated about an hour ago

Found 8 Remittance Service Providers

REMITLY
Read more about Remitly
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 EUR =
5 256 810.00 MGA
Transfer Limit (EUR): 0 - 20000
Locked-In Rate1 EUR = 5,256.8100 MGA

📢 Special exchange rate applied for first transfer
dahabshiil
Read more about Dahabshiil
(*)★★ (*)★★ ( )★★ ( )★★ ( )★★
1000 EUR =
5 183 580.70 MGA
Transfer Limit (EUR): 0 - 7500
Indicative Rate1 EUR = 5,183.5807 MGA
Get first transfer free
talkremit
Read more about TalkRemit
( )★★ ( )★★ ( )★★ ( )★★ ( )★★
1000 EUR =
5 183 580.70 MGA
Transfer Limit (EUR): 12 - 100000
Indicative Rate1 EUR = 5,183.5807 MGA
Get first transfer free
airwallex
Read more about Airwallex
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 EUR =
5 172 076.80 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,172.0768 MGA

📢 B2B transfers only
XEMONEYTX
Read more about XE Money Transfer
(*)★★ (*)★★ (*)★★ ( )★★ ( )★★
1000 EUR =
5 141 565.00 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,141.5650 MGA

📢 New! Cash pickup available
sendwave
Read more about Sendwave
(*)★★ ( )★★ ( )★★ ( )★★ ( )★★
1000 EUR =
5 129 448.30 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,129.4483 MGA
Get USD 10 credit for first transfer
No transfer fees
WORLDREMIT
Read more about WorldRemit
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 EUR =
5 074 236.40 MGA
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 5,074.2364 MGA
Get 3 free transfers
Refer a friend to earn EUR 25

📢 Special exchange rate applied for first transfer
WESTERNUNION
Read more about Western Union
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 EUR =
5 057 476.20 MGA
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 5,057.4762 MGA

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 Portugal 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 Portugal, we currently have 8 remittance service providers available.

Remitly currently offers the most competitive rate for sending money to Madagascar and their 1 EUR to MGA exchange rate today is 5,256.8100.

The next best Euro to Malagasy Ariary exchange rate today for money transfers to Madagascar is offered by Dahabshiil (1 EUR = 5,183.5807 MGA).

TalkRemit and Airwallex are amongst other competitive providers to consider for Portugal to Madagascar money transfers.

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 Portugal.

Were you looking to send money from Madagascar to Portugal 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 EUR5,227.12 MGA
5 EUR26,135.59 MGA
10 EUR52,271.18 MGA
25 EUR130,677.95 MGA
50 EUR261,355.90 MGA
100 EUR522,711.81 MGA
150 EUR784,067.72 MGA
200 EUR1,045,423.62 MGA
250 EUR1,306,779.53 MGA
300 EUR1,568,135.43 MGA
400 EUR2,090,847.24 MGA
500 EUR2,613,559.05 MGA
600 EUR3,136,270.86 MGA
700 EUR3,658,982.67 MGA
800 EUR4,181,694.48 MGA
1,000 EUR5,227,118.10 MGA
1,500 EUR7,840,677.15 MGA
2,000 EUR10,454,236.20 MGA
2,500 EUR13,067,795.25 MGA
3,000 EUR15,681,354.30 MGA
4,000 EUR20,908,472.40 MGA
5,000 EUR26,135,590.50 MGA
10,000 EUR52,271,181.00 MGA
15,000 EUR78,406,771.50 MGA
20,000 EUR104,542,362.00 MGA
30,000 EUR156,813,543.00 MGA
40,000 EUR209,084,724.00 MGA
50,000 EUR261,355,905.00 MGA
100,000 EUR522,711,810.00 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 Portugal?

It can be very confusing when sending money from Portugal to Madagascar given so many choices. Additionally, Euro 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 Portugal 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 Portugal. 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 Euro to Malagasy Ariary remittances.


How to get the best rate to transfer money to Madagascar from Portugal?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Portugal to Madagascar transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your EUR to Malagasy Ariary international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Euro to Malagasy Ariary exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to send money from Portugal to Madagascar?

When you want to send money to Madagascar from Portugal, 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 EUR 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 Portugal 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 Portugal 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 Portugal to Madagascar?

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 Portugal to Madagascar 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 EUR to MGA transfers.

Given this, there are umpteen additional options to send money to Madagascar instead of just your Portugal 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 Euro even more so that your recipient in Madagascar gets the maximum amount.


What is the fastest way to do a money transfer to Madagascar from Portugal?

The first thing to do when you need to convert EUR to MGA 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 Euro and Malagasy Ariary. 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 Portugal to Madagascar 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 Madagascar.


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

Portugal 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 transfer money to Madagascar from Portugal

With so many possible ways to transfer Euro 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 Portugal 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 Portugal 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 EUR to Malagasy Ariary money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.