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

Saint Martin
Madagascar
EUR

Interbank Exchange Rate: 1 EUR = 5,228.7082 MGA
Updated about an hour ago

Found 1 Remittance Service Providers

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

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 Saint Martin 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 Saint Martin, 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 5,141.5650.

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 Saint Martin.

Were you looking to send money from Madagascar to Saint Martin 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 EUR5,228.71 MGA
5 EUR26,143.54 MGA
10 EUR52,287.08 MGA
25 EUR130,717.71 MGA
50 EUR261,435.41 MGA
100 EUR522,870.82 MGA
150 EUR784,306.23 MGA
200 EUR1,045,741.64 MGA
250 EUR1,307,177.05 MGA
300 EUR1,568,612.46 MGA
400 EUR2,091,483.28 MGA
500 EUR2,614,354.10 MGA
600 EUR3,137,224.92 MGA
700 EUR3,660,095.74 MGA
800 EUR4,182,966.56 MGA
1,000 EUR5,228,708.20 MGA
1,500 EUR7,843,062.30 MGA
2,000 EUR10,457,416.40 MGA
2,500 EUR13,071,770.50 MGA
3,000 EUR15,686,124.60 MGA
4,000 EUR20,914,832.80 MGA
5,000 EUR26,143,541.00 MGA
10,000 EUR52,287,082.00 MGA
15,000 EUR78,430,623.00 MGA
20,000 EUR104,574,164.00 MGA
30,000 EUR156,861,246.00 MGA
40,000 EUR209,148,328.00 MGA
50,000 EUR261,435,410.00 MGA
100,000 EUR522,870,820.00 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 Saint Martin?

It can be very confusing when sending money from Saint Martin 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 Saint Martin 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 Saint Martin. 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 Saint Martin?

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 Saint Martin 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 from Saint Martin to Madagascar?

The final amount your recipient gets when you send EUR 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 Saint Martin 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 Euro 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 transfer money from Saint Martin to Madagascar?

Bank transfers have been a traditionally popular way to send money overseas from Saint Martin 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 EUR 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 Saint Martin 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 to Madagascar from Saint Martin fast?

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 Saint Martin 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 Saint Martin 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 transfer money to Madagascar from Saint Martin?

Comparing money transfer companies for sending money to Madagascar from Saint Martin 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 Euro 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 Euro that you send.


Step by step guide to send money to Madagascar from Saint Martin

The first step to send money to Madagascar from Saint Martin is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your EUR to MGA overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Madagascar if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Saint Martin bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Madagascar!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Saint Martin to Madagascar.