Compare today's SGD to MGA (Singapore Dollar to Malagasy Ariary) exchange rates
📈 Singapore to Madagascar Money Transfer Snapshot Today
- Best SGD to MGA exchange rate today: MGA 3,214.6488, offered by Airwallex
- Number of money transfer providers compared: 3
- Exchange rate range: MGA 3,129.1177 to MGA 3,214.6488
- Potential savings on SGD 1000: MGA 85,531.10
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real SGD to MGA exchange rate before providers add their margin or fees. exchange rate: 1 SGD = MGA 3,276.9932 (Updated about an hour ago)
See detailed Singapore to Madagascar money transfer comparison below.
Money Transfer Providers that matched the search criteria
1000 SGD =
3 214 648.80 MGA
Transfer Limit (SGD): No Limits
Indicative Rate1 SGD = 3,214.6488 MGA
📢 B2B transfers only
1000 SGD =
3 197 950.00 MGA
Transfer Limit (SGD): 0 - 20000
Locked-In Rate1 SGD = 3,197.9500 MGA
📢 Special exchange rate applied for first transfer
1000 SGD =
3 129 117.70 MGA
Transfer Limit (SGD): No Limits
Indicative Rate1 SGD = 3,129.1177 MGA
📢 New! Cash pickup available
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 SGD-MGA exchange rates mean for you
Compare today's SGD-MGA exchange rates and send money from Singapore 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 Singapore to Madagascar money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Singapore to Madagascar Providers
🥇 Airwallex with 1 SGD = 3,214.6488 MGA (best SGD to MGA exchange rate today).
🥈 Remitly offering 1 SGD = 3,197.9500 MGA.
🥉 XE Money Transfer is also pricing SGD-MGA competitively today.
The exchange rate provided by these 3 providers ranges from MGA 3,129.1177 to MGA 3,214.6488. For a SGD 1000 money transfer from Singapore to Madagascar, that could mean up to MGA 85,531.10 saved on FX alone.
SGD-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 Singapore to Madagascar remittances.
🔄 Looking for the reverse corridor? Send money from Madagascar to Singapore 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 Singapore.
Latest SGD to MGA Conversion Rates
Here are some latest SGD to MGA (Singapore Dollar to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 SGD | 3,276.99 MGA |
| 5 SGD | 16,384.97 MGA |
| 10 SGD | 32,769.93 MGA |
| 25 SGD | 81,924.83 MGA |
| 50 SGD | 163,849.66 MGA |
| 100 SGD | 327,699.32 MGA |
| 150 SGD | 491,548.98 MGA |
| 200 SGD | 655,398.64 MGA |
| 250 SGD | 819,248.30 MGA |
| 300 SGD | 983,097.96 MGA |
| 400 SGD | 1,310,797.28 MGA |
| 500 SGD | 1,638,496.60 MGA |
| 600 SGD | 1,966,195.92 MGA |
| 700 SGD | 2,293,895.24 MGA |
| 800 SGD | 2,621,594.56 MGA |
| 1000 SGD | 3,276,993.20 MGA |
| 1500 SGD | 4,915,489.80 MGA |
| 2000 SGD | 6,553,986.40 MGA |
| 2500 SGD | 8,192,483.00 MGA |
| 3000 SGD | 9,830,979.60 MGA |
| 4000 SGD | 13,107,972.80 MGA |
| 5000 SGD | 16,384,966.00 MGA |
| 10000 SGD | 32,769,932.00 MGA |
| 15000 SGD | 49,154,898.00 MGA |
| 20000 SGD | 65,539,864.00 MGA |
| 30000 SGD | 98,309,796.00 MGA |
| 40000 SGD | 131,079,728.00 MGA |
| 50000 SGD | 163,849,660.00 MGA |
| 100000 SGD | 327,699,320.00 MGA |
*Based on the Mid-market Exchange Rate
What's the best way to transfer money from Singapore to Madagascar?
Sending money internationally to Madagascar from Singapore 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 Singapore Dollar 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 rate to transfer money to Madagascar from Singapore?
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 SGD 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 Singapore 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 SGD 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 from Singapore to Madagascar?
One of the most important things to watch out for is hidden fees when sending money to Madagascar from Singapore. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Madagascar using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Malagasy Ariary foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best SGD to Madagascar exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.
Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Madagascar from Singapore.
How to send money to Madagascar from Singapore through a bank?
We do not recommend using your local bank in Singapore for your next SGD 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 Singapore 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 Singapore 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 Singapore to Madagascar fast?
The speed of your Singapore Dollar to Malagasy Ariary funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert SGD to MGA. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
One possible approach that will help you send money fast to Madagascar from Singapore is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Madagascar if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.
One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout MGA into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Singapore bank to Madagascar bank transfer.
Which are the best money transfer companies to send money to Madagascar from Singapore?
The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Singapore to Madagascar, we can help you in choosing the best provider.There are several key points you would want to check for; these include, but are not limited to, the best Singapore Dollar to Malagasy Ariary exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.
After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your MGA money transfers to Madagascar. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.
Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Madagascar getting more money for every Singapore Dollar you send.
Step by step guide to send money to Madagascar from Singapore
Follow the below easy steps to send money to Madagascar from Singapore.- 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 Singapore 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.