Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's SCR to MGA (Seychellois Rupee to Malagasy Ariary) exchange rates

Seychelles
Madagascar
SCR

Interbank Exchange Rate: 1 SCR = 311.8248 MGA
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Seychellois Rupee to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from Seychelles to Madagascar. Send money overseas to your loved ones by comparing Seychellois Rupee (SCR) 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 Seychelles.

Were you looking to send money from Madagascar to Seychelles 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 SCR to MGA Conversion Rates

Here are some latest SCR to MGA (Seychellois Rupee to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 SCR311.82 MGA
5 SCR1,559.12 MGA
10 SCR3,118.25 MGA
25 SCR7,795.62 MGA
50 SCR15,591.24 MGA
100 SCR31,182.48 MGA
150 SCR46,773.72 MGA
200 SCR62,364.96 MGA
250 SCR77,956.20 MGA
300 SCR93,547.44 MGA
400 SCR124,729.92 MGA
500 SCR155,912.40 MGA
600 SCR187,094.88 MGA
700 SCR218,277.36 MGA
800 SCR249,459.84 MGA
1,000 SCR311,824.80 MGA
1,500 SCR467,737.20 MGA
2,000 SCR623,649.60 MGA
2,500 SCR779,562.00 MGA
3,000 SCR935,474.40 MGA
4,000 SCR1,247,299.20 MGA
5,000 SCR1,559,124.00 MGA
10,000 SCR3,118,248.00 MGA
15,000 SCR4,677,372.00 MGA
20,000 SCR6,236,496.00 MGA
30,000 SCR9,354,744.00 MGA
40,000 SCR12,472,992.00 MGA
50,000 SCR15,591,240.00 MGA
100,000 SCR31,182,480.00 MGA

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Seychelles to Madagascar?

With the global remittance market booming, there are so many choices for Seychellois Rupee 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 Seychelles. 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 Seychelles to Madagascar?

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 Seychelles 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 SCR 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 to Madagascar from Seychelles?

When you want to send money to Madagascar from Seychelles, 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 SCR 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 Seychelles 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 Seychelles 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.


How to send money to Madagascar from Seychelles through a bank?

We do not recommend using your local bank in Seychelles for your next SCR to MGA overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Seychelles to Madagascar (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending MGA to Madagascar. These companies will let you use your local bank account in Seychelles to pay for your Madagascar money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money from Seychelles to Madagascar fast?

If you need to convert SCR 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 Seychelles 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 Seychellois Rupee 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 Seychelles 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 send money from Seychelles to Madagascar?

Seychelles 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 Seychellois Rupee 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 Seychelles 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 Seychelles 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 Seychelles 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 Seychelles 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.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your SCR travel to another part of the globe.