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

Virgin Islands, British
Madagascar
USD

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

Found 2 Remittance Service Providers

airwallex
Read more about Airwallex
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 USD =
4 370 478.10 MGA
Transfer Limit (USD): No Limits
Indicative Rate1 USD = 4,370.4781 MGA

📢 B2B transfers only
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 Virgin Islands, British 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 Virgin Islands, British, we currently have 2 remittance service providers available.

Airwallex currently offers the most competitive rate for sending money to Madagascar and their 1 USD to MGA exchange rate today is 4,370.4781.

The next best US Dollar to Malagasy Ariary exchange rate today for money transfers to Madagascar is offered by XE Money Transfer (1 USD = 4,325.6917 MGA).

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 Virgin Islands, British.

Were you looking to send money from Madagascar to Virgin Islands, British 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 send money from Virgin Islands, British to Madagascar?

With the global remittance market booming, there are so many choices for United States Dollar to MGA money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Madagascar from Virgin Islands, British. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final MGA amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for your money transfers from Virgin Islands, British to Madagascar?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Madagascar from Virgin Islands, British. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your USD to Malagasy Ariary money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Virgin Islands, British to Madagascar corridor to give you more good choices for your next MGA money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Madagascar from Virgin Islands, British?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Virgin Islands, British to Madagascar via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for United States Dollar to Malagasy Ariary remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Virgin Islands, British to Madagascar exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for USD to MGA remittances.


How to send money from Virgin Islands, British to Madagascar through a bank?

We do not recommend using your local bank in Virgin Islands, British for your next USD to MGA overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Virgin Islands, British to Madagascar (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending MGA to Madagascar. These companies will let you use your local bank account in Virgin Islands, British to pay for your Madagascar money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money from Virgin Islands, British to Madagascar fast?

If you need to convert USD 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 Virgin Islands, British 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 United States Dollar 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 Virgin Islands, British 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 from Virgin Islands, British to Madagascar?

Since the United States Dollar to Malagasy Ariary money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Virgin Islands, British that may also be able to send money to Madagascar. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your USD to MGA money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Madagascar gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Virgin Islands, British to Madagascar transaction.


Step by step guide to transfer money to Madagascar from Virgin Islands, British

With so many possible ways to transfer United States Dollar 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 Virgin Islands, British 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 Virgin Islands, British 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 USD to Malagasy Ariary money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.