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Compare today's TRY to MGA (Turkish Lira to Malagasy Ariary) exchange rates

Turkey
Madagascar
TRY

Interbank Exchange Rate: 1 TRY = 101.5236 MGA
Updated about an hour ago

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All you need to know about Turkish Lira to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from Turkey to Madagascar. Send money overseas to your loved ones by comparing Turkish Lira (TRY) 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 Turkey.

Were you looking to send money from Madagascar to Turkey 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 TRY to MGA Conversion Rates

Here are some latest TRY to MGA (Turkish Lira to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 TRY101.52 MGA
5 TRY507.62 MGA
10 TRY1,015.24 MGA
25 TRY2,538.09 MGA
50 TRY5,076.18 MGA
100 TRY10,152.36 MGA
150 TRY15,228.54 MGA
200 TRY20,304.72 MGA
250 TRY25,380.90 MGA
300 TRY30,457.08 MGA
400 TRY40,609.44 MGA
500 TRY50,761.80 MGA
600 TRY60,914.16 MGA
700 TRY71,066.52 MGA
800 TRY81,218.88 MGA
1,000 TRY101,523.60 MGA
1,500 TRY152,285.40 MGA
2,000 TRY203,047.20 MGA
2,500 TRY253,809.00 MGA
3,000 TRY304,570.80 MGA
4,000 TRY406,094.40 MGA
5,000 TRY507,618.00 MGA
10,000 TRY1,015,236.00 MGA
15,000 TRY1,522,854.00 MGA
20,000 TRY2,030,472.00 MGA
30,000 TRY3,045,708.00 MGA
40,000 TRY4,060,944.00 MGA
50,000 TRY5,076,180.00 MGA
100,000 TRY10,152,360.00 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 Turkey?

Sending money internationally to Madagascar from Turkey 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 Turkish Lira 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 Turkey?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Madagascar from Turkey.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your TRY to Malagasy Ariary remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for TRY to MGA remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way to send money from Turkey to Madagascar?

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


Should I use my bank to transfer money from Turkey to Madagascar?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Turkey to Madagascar money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like TRY to MGA transfers.

Given this, there are umpteen additional options to send money to Madagascar instead of just your Turkey bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Turkish Lira even more so that your recipient in Madagascar gets the maximum amount.


How to send money to Madagascar from Turkey fast?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Turkey to Madagascar. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert TRY to MGA fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Turkish Lira amount reaching Madagascar. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Malagasy Ariary quickly to Madagascar, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


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

Turkey 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 Turkish Lira 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 send money to Madagascar from Turkey

With so many possible ways to transfer Turkish Lira to Malagasy Ariary, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Turkey to Madagascar remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Turkey and the receiver in Madagascar. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your TRY to Malagasy Ariary money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.