Compare today's RON to MGA (Romanian Leu to Malagasy Ariary) exchange rates
📈 Romania to Madagascar Money Transfer Snapshot Today
- Best RON to MGA exchange rate today: MGA 925.9985, offered by Airwallex
- Number of money transfer providers compared: 3
- Exchange rate range: MGA 911.5300 to MGA 925.9985
- Potential savings on RON 1000: MGA 14,468.50
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real RON to MGA exchange rate before providers add their margin or fees. exchange rate: 1 RON = MGA 939.5139 (Updated about an hour ago)
See detailed Romania to Madagascar money transfer comparison below.
Money Transfer Providers that matched the search criteria
1000 RON =
925 998.50 MGA
Transfer Limit (RON): No Limits
Indicative Rate1 RON = 925.9985 MGA
📢 B2B transfers only
1000 RON =
916 388.00 MGA
Transfer Limit (RON): No Limits
Indicative Rate1 RON = 916.3880 MGA
📢 New! Cash pickup available
1000 RON =
911 530.00 MGA
Transfer Limit (RON): 0 - 20000
Locked-In Rate1 RON = 911.5300 MGA
📢 Special exchange rate applied for first transfer
Money Transfer Providers that 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.
💡What today's RON-MGA exchange rates mean for you
Compare today's RON-MGA exchange rates and send money from Romania to Madagascar after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 3 providers that you can rely on for Romania to Madagascar money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Romania to Madagascar Providers
🥇 Airwallex with 1 RON = 925.9985 MGA (best RON to MGA exchange rate today).
🥈 XE Money Transfer offering 1 RON = 916.3880 MGA.
🥉 Remitly is also pricing RON-MGA competitively today.
The exchange rate provided by these 3 providers ranges from MGA 911.5300 to MGA 925.9985. For a RON 1000 money transfer from Romania to Madagascar, that could mean up to MGA 14,468.50 saved on FX alone.
RON-MGA exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final MGA payout that your recipient gets in Madagascar.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Romania to Madagascar remittances.
🔄 Looking for the reverse corridor? Send money from Madagascar to Romania instead.
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 Romania.
Latest RON to MGA Conversion Rates
Here are some latest RON to MGA (Romanian Leu to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 RON | 939.51 MGA |
| 5 RON | 4,697.57 MGA |
| 10 RON | 9,395.14 MGA |
| 25 RON | 23,487.85 MGA |
| 50 RON | 46,975.70 MGA |
| 100 RON | 93,951.39 MGA |
| 150 RON | 140,927.09 MGA |
| 200 RON | 187,902.78 MGA |
| 250 RON | 234,878.48 MGA |
| 300 RON | 281,854.17 MGA |
| 400 RON | 375,805.56 MGA |
| 500 RON | 469,756.95 MGA |
| 600 RON | 563,708.34 MGA |
| 700 RON | 657,659.73 MGA |
| 800 RON | 751,611.12 MGA |
| 1000 RON | 939,513.90 MGA |
| 1500 RON | 1,409,270.85 MGA |
| 2000 RON | 1,879,027.80 MGA |
| 2500 RON | 2,348,784.75 MGA |
| 3000 RON | 2,818,541.70 MGA |
| 4000 RON | 3,758,055.60 MGA |
| 5000 RON | 4,697,569.50 MGA |
| 10000 RON | 9,395,139.00 MGA |
| 15000 RON | 14,092,708.50 MGA |
| 20000 RON | 18,790,278.00 MGA |
| 30000 RON | 28,185,417.00 MGA |
| 40000 RON | 37,580,556.00 MGA |
| 50000 RON | 46,975,695.00 MGA |
| 100000 RON | 93,951,390.00 MGA |
*Based on the Mid-market Exchange Rate
What's the best way to send money from Romania to Madagascar?
With the global remittance market booming, there are so many choices for Romanian Leu 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 Romania. 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 rate to transfer money to Madagascar from Romania?
When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your RON to Malagasy Ariary money transfer.Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Romania to Madagascar. We carefully select providers to give you the best choices for sending money internationally.
Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for RON to MGA remittances. With our daily free rate alert, you will never have to manually search and compare providers again.
What's the cheapest way to send money to Madagascar from Romania?
The final amount your recipient gets when you send RON to MGA is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.Before the dawn of the modern internet era, traditional methods to send money from Romania to Madagascar used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.
A great way to find the cheapest options to send Malagasy Ariary is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Romanian Leu to Madagascar exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.
Should I use my bank to send money from Romania 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 Romania 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 RON to MGA transfers.
Given this, there are umpteen additional options to send money to Madagascar instead of just your Romania 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 Romanian Leu even more so that your recipient in Madagascar gets the maximum amount.
How to send money to Madagascar from Romania fast?
How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Romania to Madagascar. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.To help you convert RON to MGA fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.
If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Romanian Leu amount reaching Madagascar. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.
Hopefully, you do not find yourself in a crisis where you have to rush Malagasy Ariary quickly to Madagascar, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.
Which are the best money transfer companies to send money from Romania to Madagascar?
Since the Romanian Leu to Malagasy Ariary money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Romania that may also be able to send money to Madagascar. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.
To further decrease the cost of your RON to MGA money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Madagascar gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Romania to Madagascar transaction.
Step by step guide to send money from Romania to Madagascar
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 Romania 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 Romania 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 Romania 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.