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Compare today's UYU to MGA (Uruguayan Peso to Malagasy Ariary) exchange rates

Uruguay
Madagascar
UYU

Interbank Exchange Rate: 1 UYU = 114.8664 MGA
Updated about an hour ago

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All you need to know about Uruguayan Peso to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from Uruguay to Madagascar. Send money overseas to your loved ones by comparing Uruguayan Peso (UYU) 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 Uruguay.

Were you looking to send money from Madagascar to Uruguay 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 UYU to MGA Conversion Rates

Here are some latest UYU to MGA (Uruguayan Peso to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 UYU114.87 MGA
5 UYU574.33 MGA
10 UYU1,148.66 MGA
25 UYU2,871.66 MGA
50 UYU5,743.32 MGA
100 UYU11,486.64 MGA
150 UYU17,229.96 MGA
200 UYU22,973.28 MGA
250 UYU28,716.60 MGA
300 UYU34,459.92 MGA
400 UYU45,946.56 MGA
500 UYU57,433.20 MGA
600 UYU68,919.84 MGA
700 UYU80,406.48 MGA
800 UYU91,893.12 MGA
1,000 UYU114,866.40 MGA
1,500 UYU172,299.60 MGA
2,000 UYU229,732.80 MGA
2,500 UYU287,166.00 MGA
3,000 UYU344,599.20 MGA
4,000 UYU459,465.60 MGA
5,000 UYU574,332.00 MGA
10,000 UYU1,148,664.00 MGA
15,000 UYU1,722,996.00 MGA
20,000 UYU2,297,328.00 MGA
30,000 UYU3,445,992.00 MGA
40,000 UYU4,594,656.00 MGA
50,000 UYU5,743,320.00 MGA
100,000 UYU11,486,640.00 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 from Uruguay to Madagascar?

It can be very confusing when sending money from Uruguay to Madagascar given so many choices. Additionally, Uruguayan Peso to MGA exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Uruguay 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 Uruguay. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Uruguayan Peso to Malagasy Ariary remittances.


How to get the best remit rate for transferring money from Uruguay 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 Uruguay 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 UYU 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 Uruguay?

The final amount your recipient gets when you send UYU 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 Uruguay 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 Uruguayan Peso 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 Uruguay through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Uruguay 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 UYU 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 Uruguay 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.


What is the fastest way to do a money transfer to Madagascar from Uruguay?

If you need to convert UYU to MGA as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Uruguay to Madagascar could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Uruguayan Peso to Malagasy Ariary funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Madagascar.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Uruguay to Madagascar. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


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

Uruguay 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 Uruguayan Peso 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 do a money transfer from Uruguay to Madagascar

The first step to send money to Madagascar from Uruguay 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 UYU 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 Uruguay 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 Uruguay to Madagascar.