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

Compare today's USD to MGA (US Dollar to Malagasy Ariary) exchange rates

United States Minor Outlying Islands
Madagascar
USD

Interbank Exchange Rate: 1 USD = 4,425.6545 MGA
Updated about an hour ago

Found 1 Remittance Service Providers

XEMONEYTX
Read more about XE Money Transfer
(*)★★ (*)★★ (*)★★ ( )★★ ( )★★
1000 USD =
4 325 691.70 MGA
Transfer Limit (USD): No Limits
Indicative Rate1 USD = 4,325.6917 MGA
Refer a friend to earn USD 25

📢 New! Cash pickup available

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.





All you need to know about US Dollar to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from United States Minor Outlying Islands to Madagascar. Send money overseas to your loved ones by comparing US Dollar (USD) 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.

When making a money transfer to Madagascar from United States Minor Outlying Islands, we currently have 1 remittance service providers available.

XE Money Transfer currently offers the most competitive rate for sending money to Madagascar and their 1 USD to MGA exchange rate today is 4,325.6917.

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 United States Minor Outlying Islands.

Were you looking to send money from Madagascar to United States Minor Outlying Islands 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 USD to MGA Conversion Rates

Here are some latest USD to MGA (US Dollar to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 USD4,425.65 MGA
5 USD22,128.27 MGA
10 USD44,256.55 MGA
25 USD110,641.36 MGA
50 USD221,282.72 MGA
100 USD442,565.45 MGA
150 USD663,848.17 MGA
200 USD885,130.90 MGA
250 USD1,106,413.63 MGA
300 USD1,327,696.35 MGA
400 USD1,770,261.80 MGA
500 USD2,212,827.25 MGA
600 USD2,655,392.70 MGA
700 USD3,097,958.15 MGA
800 USD3,540,523.60 MGA
1,000 USD4,425,654.50 MGA
1,500 USD6,638,481.75 MGA
2,000 USD8,851,309.00 MGA
2,500 USD11,064,136.25 MGA
3,000 USD13,276,963.50 MGA
4,000 USD17,702,618.00 MGA
5,000 USD22,128,272.50 MGA
10,000 USD44,256,545.00 MGA
15,000 USD66,384,817.50 MGA
20,000 USD88,513,090.00 MGA
30,000 USD132,769,635.00 MGA
40,000 USD177,026,180.00 MGA
50,000 USD221,282,725.00 MGA
100,000 USD442,565,450.00 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 United States Minor Outlying Islands to Madagascar?

There are many good choices when it comes to sending money from United States Minor Outlying Islands to Madagascar. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your United States Dollar to MGA money transfers.

We compare different remittance companies to bring you the best options to send money to Madagascar from United States Minor Outlying Islands. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your United States Dollar to Malagasy Ariary money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best exchange rate for sending money from United States Minor Outlying Islands to Madagascar?

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 United States Minor Outlying Islands.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your USD 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 USD 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 to Madagascar from United States Minor Outlying Islands?

The final amount your recipient gets when you send USD to MGA is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from United States Minor Outlying Islands to Madagascar used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Malagasy Ariary is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best United States Dollar to Madagascar exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


How to send money to Madagascar from United States Minor Outlying Islands through a bank?

Bank transfers have been a traditionally popular way to send money overseas from United States Minor Outlying Islands to Madagascar. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the USD to MGA exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your United States Minor Outlying Islands bank for your Madagascar money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money from United States Minor Outlying Islands to Madagascar fast?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from United States Minor Outlying Islands 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 USD 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 United States Dollar 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 transfer money to Madagascar from United States Minor Outlying Islands?

Comparing money transfer companies for sending money to Madagascar from United States Minor Outlying Islands can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Madagascar. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your United States Dollar to Malagasy Ariary transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Malagasy Ariary yield on every United States Dollar that you send.


Step by step guide to do a money transfer from United States Minor Outlying Islands to Madagascar

The first step to send money to Madagascar from United States Minor Outlying Islands 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 USD 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 United States Minor Outlying Islands 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 United States Minor Outlying Islands to Madagascar.