Compare today's RWF to MGA (Rwandan Franc to Malagasy Ariary) exchange rates
Interbank Exchange Rate: 1 RWF = 3.0366 MGA
Updated about an hour ago
Found 0 Remittance Service Providers
0 Remit Service Providers did not match the search criteria.
All you need to know about Rwandan Franc to Malagasy Ariary money transfers
Easily compare money transfer providers in one place to send money from Rwanda to Madagascar. Send money overseas to your loved ones by comparing Rwandan Franc (RWF) 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.
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 Rwanda.
Were you looking to send money from Madagascar to Rwanda 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 RWF to MGA Conversion Rates
Here are some latest RWF to MGA (Rwandan Franc to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 RWF | 3.04 MGA |
| 5 RWF | 15.18 MGA |
| 10 RWF | 30.37 MGA |
| 25 RWF | 75.91 MGA |
| 50 RWF | 151.83 MGA |
| 100 RWF | 303.66 MGA |
| 150 RWF | 455.49 MGA |
| 200 RWF | 607.32 MGA |
| 250 RWF | 759.15 MGA |
| 300 RWF | 910.98 MGA |
| 400 RWF | 1,214.64 MGA |
| 500 RWF | 1,518.30 MGA |
| 600 RWF | 1,821.96 MGA |
| 700 RWF | 2,125.62 MGA |
| 800 RWF | 2,429.28 MGA |
| 1,000 RWF | 3,036.60 MGA |
| 1,500 RWF | 4,554.90 MGA |
| 2,000 RWF | 6,073.20 MGA |
| 2,500 RWF | 7,591.50 MGA |
| 3,000 RWF | 9,109.80 MGA |
| 4,000 RWF | 12,146.40 MGA |
| 5,000 RWF | 15,183.00 MGA |
| 10,000 RWF | 30,366.00 MGA |
| 15,000 RWF | 45,549.00 MGA |
| 20,000 RWF | 60,732.00 MGA |
| 30,000 RWF | 91,098.00 MGA |
| 40,000 RWF | 121,464.00 MGA |
| 50,000 RWF | 151,830.00 MGA |
| 100,000 RWF | 303,660.00 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 Rwanda to Madagascar?
Sending money internationally to Madagascar from Rwanda can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Rwandan Franc to MGA remittances.
Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Madagascar. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Malagasy Ariary.
How to get the best exchange rate for sending money from Rwanda to Madagascar?
Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Madagascar from Rwanda.At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your RWF to Malagasy Ariary remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.
You can also register for our daily rate alert to stay aware of the latest exchange rates for RWF to MGA remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.
What's the cheapest way for transferring money to Madagascar from Rwanda?
When you want to send money to Madagascar from Rwanda, 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 RWF 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 Rwanda 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 Rwanda 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 transfer money from Rwanda to Madagascar?
Bank transfers have been a traditionally popular way to send money overseas from Rwanda to Madagascar. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the RWF to MGA exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.
We, therefore, recommend that before you use your Rwanda bank for your Madagascar money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.
How to send money from Rwanda to Madagascar fast?
The first thing to do when you need to convert RWF 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 Rwandan Franc 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 Rwanda 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 to Madagascar from Rwanda?
Comparing money transfer companies for sending money to Madagascar from Rwanda 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 Rwandan Franc 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 Rwandan Franc that you send.
Step by step guide to do a money transfer from Rwanda to Madagascar
Follow the below easy steps to send money to Madagascar from Rwanda.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Rwanda bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Madagascar).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.