📈 Spain to Madagascar Money Transfer Snapshot Today
- Best EUR to MGA exchange rate today: MGA 4,847.9700, offered by Remitly
- Number of money transfer providers compared: 8
- Exchange rate range: MGA 4,847.9700 to MGA 4,686.7741
- Potential savings on EUR 1000: MGA 161,195.90
- Number of deals and promo codes: 6
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to MGA exchange rate before providers add their margin or fees. exchange rate: 1 EUR = MGA 4,868.6402 (Updated about an hour ago)
See detailed Spain to Madagascar money transfer comparison below.
Spain to Madagascar money transfer providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 New! Cash pickup available
📢 Special exchange rate applied for first transfer
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 these rates mean for sending money to Madagascar from Spain today
Compare top-rated money transfer providers to find the best way to remit money to Madagascar from Spain. Check today's EUR to MGA exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 8 providers for Spain to Madagascar money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Madagascar from Spain
🥇 Remitly with 1 EUR = 4,847.9700 MGA (best EUR to MGA exchange rate today).
🥈 Dahabshiil offering 1 EUR = 4,792.1801 MGA.
🥉 TalkRemit & Airwallex are also providing good FX rate today.
The 8 providers compared today offer exchange rates from MGA 4,686.7741 to MGA 4,847.9700. On a EUR 1000 transfer from Spain to Madagascar, that spread means up to MGA 161,195.90 in potential savings — simply by choosing the right provider.
Euro to Malagasy Ariary exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much MGA your recipient receives in Madagascar.
Compare the providers above to maximize every EUR you send to Madagascar. The best Euro to Malagasy Ariary transfer rate changes daily, so comparing today matters.
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 Spain.
Latest Exchange Rates for Sending Money to Madagascar from Spain
Here are some latest EUR to MGA (Euro to Malagasy Ariary) exchange rates for popular conversion amounts*.
| 1 EUR | 4,868.64 MGA |
| 5 EUR | 24,343.20 MGA |
| 10 EUR | 48,686.40 MGA |
| 25 EUR | 121,716.00 MGA |
| 50 EUR | 243,432.01 MGA |
| 100 EUR | 486,864.02 MGA |
| 150 EUR | 730,296.03 MGA |
| 200 EUR | 973,728.04 MGA |
| 250 EUR | 1,217,160.05 MGA |
| 300 EUR | 1,460,592.06 MGA |
| 400 EUR | 1,947,456.08 MGA |
| 500 EUR | 2,434,320.10 MGA |
| 600 EUR | 2,921,184.12 MGA |
| 700 EUR | 3,408,048.14 MGA |
| 800 EUR | 3,894,912.16 MGA |
| 1000 EUR | 4,868,640.20 MGA |
| 1500 EUR | 7,302,960.30 MGA |
| 2000 EUR | 9,737,280.40 MGA |
| 2500 EUR | 12,171,600.50 MGA |
| 3000 EUR | 14,605,920.60 MGA |
| 4000 EUR | 19,474,560.80 MGA |
| 5000 EUR | 24,343,201.00 MGA |
| 10000 EUR | 48,686,402.00 MGA |
| 15000 EUR | 73,029,603.00 MGA |
| 20000 EUR | 97,372,804.00 MGA |
| 30000 EUR | 146,059,206.00 MGA |
| 40000 EUR | 194,745,608.00 MGA |
| 50000 EUR | 243,432,010.00 MGA |
| 100000 EUR | 486,864,020.00 MGA |
*Based on the Mid-market Exchange Rate
What is the best way to send money to Madagascar from Spain?
It can get confusing when sending money from Spain to Madagascar given so many choices. Additionally, Euro to MGA exchange rates fluctuate all the time. RemitFinder helps you compare money transfers companies to choose the best Euro to Malagasy Ariary exchange rate.Choose Spain 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 Spain.
To further help you maximize the return on your money, we get you access to exclusive promo codes discounts for Euro to Malagasy Ariary remittances.
How to get the best EUR to MGA remittance rate?
With ever changing Euro to Malagasy Ariary remittance exchange rates, and umpteen choices, it may seem hard to choose a provider for your Spain to Madagascar transfers.RemitFinder provides a single place to compare many options so you can maximize the return on your EUR to Malagasy Ariary international money transfers.
To help save your time and money, we also created the RemitFinder exchange rate alert. This is a free notification to stay updated on the latest Euro to Malagasy Ariary exchange rates and ongoing deals and promo codes.
What is the cheapest way to transfer money to Madagascar from Spain?
The amount your recipient gets when you send from EUR to MGA is the number that matters most. To maximize payout, try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them).Traditional methods to send money from Spain to Madagascar charge high fees and provide low rates, resulting in an expensive money transfer.
A good way to find the cheapest options to send Euro to Madagascar is by comparing providers on RemitFinder. This way, you can get the best Euro to Madagascar exchange rate.
You can realize additional savings by utilizing exclusive offers and promo codes from our partners. These deals can help lower the cost of you Euro to Madagascar money transfer even more.
How to send money from Spain to Madagascar through a bank?
There are two major ways that banks in Spain make money on international funds transfers. First, by charging steep transaction fees (up to USD 35-50, or currency equivalent), and second, by providing a low EUR to MGA exchange rate.One simple way to maximizing your payout is by minimizing the fees on Spain to Madagascar money you send, whilst looking for the best rate.
Most remittance companies offer bank to bank transfers for sending money to Madagascar from Spain. You do this by funding your transfer with your bank account in Spain, and by paying your recipient in their bank account in Madagascar. But you are likely to get much better rates and lower fees compared to your bank.
How to remit money to Madagascar from Spain fast?
If you need to convert money from EUR to MGA quickly, compare providers to see which ones can meet your timing needs. Once you identify the right provider, it is easy to send money.The harder part might be how to identify which providers can execute fast transfers from Euro to Malagasy Ariary.
Whilst every provider is different, there are some general guidelines that will help send money fast - for example, how you fund your transfer, how your recipient gets the money, or ongoing bank holidays.
To demystify the Spain to Madagascar remittance process, you can study our detailed guide to money transfers. Awareness of the ins and outs of money transfers will help find fastest possible choices to send money to Madagascar from Spain.
Which are the best money transfer companies to send money from Spain to Madagascar?
The definition of "best" is personal to everyone. It may even vary from one Spain to Madagascar transfer to the next.When comparing providers, check for factors like the best Euro to Malagasy Ariary exchange rate, limits, fees, speed, payment and delivery methods, and deals and promotions. Use these parameter to fine tune your choices.
By doing this, you can assess which providers fit your need for MGA money transfer to Madagascar.
Finally, look for any promotions from these providers as these will lower your overall cost. This way, your recipient in Madagascar will get more money for every Euro you send.
Step by step guide to do a money transfer from Spain to Madagascar
With so many choices to transfer from Euro to Malagasy Ariary, it can be difficult to pick the best provider. RemitFinder helps you compare companies and find the best one to move your funds abroad.Once you have picked the right provider for your Spain to Madagascar remittance, follow the below steps.
- Create an account with your provider.
- Provide info and documents needed by to ensure legal and regulatory compliance.
- Add bank accounts for both the sender in Spain and the receiver in Madagascar.
- When you are ready, choose the amount and start your transaction.
- At this point, the provider will take it on from here.
- Watch out for updates on the progress of your transaction.