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Compare today's TZS to MGA (Tanzanian Shilling to Malagasy Ariary) exchange rates

Tanzania
Madagascar
TZS

Interbank Exchange Rate: 1 TZS = 1.7111 MGA
Updated about an hour ago

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All you need to know about Tanzanian Shilling to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from Tanzania to Madagascar. Send money overseas to your loved ones by comparing Tanzanian Shilling (TZS) 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 Tanzania.

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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 TZS to MGA Conversion Rates

Here are some latest TZS to MGA (Tanzanian Shilling to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 TZS1.71 MGA
5 TZS8.56 MGA
10 TZS17.11 MGA
25 TZS42.78 MGA
50 TZS85.56 MGA
100 TZS171.11 MGA
150 TZS256.67 MGA
200 TZS342.22 MGA
250 TZS427.78 MGA
300 TZS513.33 MGA
400 TZS684.44 MGA
500 TZS855.55 MGA
600 TZS1,026.66 MGA
700 TZS1,197.77 MGA
800 TZS1,368.88 MGA
1,000 TZS1,711.10 MGA
1,500 TZS2,566.65 MGA
2,000 TZS3,422.20 MGA
2,500 TZS4,277.75 MGA
3,000 TZS5,133.30 MGA
4,000 TZS6,844.40 MGA
5,000 TZS8,555.50 MGA
10,000 TZS17,111.00 MGA
15,000 TZS25,666.50 MGA
20,000 TZS34,222.00 MGA
30,000 TZS51,333.00 MGA
40,000 TZS68,444.00 MGA
50,000 TZS85,555.00 MGA
100,000 TZS171,110.00 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 Tanzania to Madagascar?

Sending money internationally to Madagascar from Tanzania 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 Tanzanian Shilling 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 remit rate for transferring money from Tanzania 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 Tanzania 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 TZS 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 Tanzania?

One of the most important things to watch out for is hidden fees when sending money to Madagascar from Tanzania. 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 TZS 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 Tanzania.


Should I use my bank to send money from Tanzania to Madagascar?

Big banks in Tanzania are known to make a lot of money by charging high fees on Madagascar money transfers from Tanzania. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a TZS to MGA exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Madagascar. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Tanzania to Madagascar. You work hard for your money, so you should also ensure you get the maximum yield when you send MGA overseas.


What is the fastest way to transfer money from Tanzania to Madagascar?

The speed of your Tanzanian Shilling 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 TZS 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 Tanzania 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 Tanzania bank to Madagascar bank transfer.


Which are the best money transfer companies to send money from Tanzania to Madagascar?

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 Tanzania 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 Tanzanian Shilling 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 Tanzanian Shilling you send.


Step by step guide to send money from Tanzania to Madagascar

The first step to send money to Madagascar from Tanzania 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 TZS 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 Tanzania 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 Tanzania to Madagascar.