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"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
Overall best option: WorldRemit
We tested & reviewed 5 money transfer companies, and WorldRemit came out as one of the easiest options.
WorldRemit appeared in 88.9% of searches for sending money from South Africa to Madagascar, and was the top rated company for ZAR to MGA transfers.
So for a great mix of cost, speed & features, make your South Africa to Madagascar transfer using WorldRemit.
Getting the best deal on your South Africa to Madagascar transfer
- Always compare rates
Don't pay more than you have to. Our live comparison tool will give you the best rates for sending money from South Africa to Madagascar.
- Choose a provider
Select the provider that offers you the best value & service for transfers between South Africa and Madagascar.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Madagascar.
Summary of recent searches
Considerations for money transfers from South Africa to Madagascar
Comparing providers offering services between South Africa and Madagascar, based on your specific needs is the best way to send money with confidence.
Our comparison includes 5 companies that provide the ability to send Rand to Madagascar.
This ensures you get the best options for transfers to Madagascar from South Africa, based on the amount you want to send.
Cheapest way to send money from South Africa to Madagascar: WorldRemit
On average, WorldRemit fees were 34.17* ZAR per transfer and customers would expect an exchange rate between ZAR-MGA that is 1.99% different to the mid-market rate
Against the others tested, WorldRemit is 0% cheaper than the second-best option.
To secure a cheap way to transfer ZAR to Madagascar, WorldRemit is our recommendation.
*The most common fee applied to ZAR-MGA by WorldRemit, based on data from the past six months.
Fastest money transfers from South Africa to Madagascar: WorldRemit.
Through our comparison, we found WorldRemit to be the fastest option to transfer money from South Africa to Malagasy ariary in 58.3% of instances.
Over the last six months, sending money from South Africa to Madagascar through WorldRemit have an average fee of 24.29 ZAR.
WorldRemit was one of 5 money transfer providers we compared for overall speed of sending money from South Africa to Madagascar. This speed test included depositing Rands to an account and the average timeframe for sending money to Madagascar.
When fast transfers are a priority, WorldRemit is our best choice for sending from South Africa to Madagascar.
Transferring large sums of money
Of the 5 money transfer companies tested, WorldRemit is the strongest option for large transfers from South Africa to Madagascar.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from South Africa to Madagascar can become expensive through your bank or with the wrong provider.
WorldRemit is our choice for sending large sums of money to ZAR because they offer a strong all-round product.
Understanding the cost of sending money to Madagascar from South Africa
The cost of sending money from Madagascar to Madagascar, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from ZAR-MGA is 254.9155 MGA per Rand.
Finding a provider offering an exchange as close to 254.9155 as possible will ensure more Malagasy ariary received when transferring.
For context, the ZAR-MGA mid-market rate for the past three months has averaged 250.4056 MGA per Rand. This includes a high of 259.3075, and low of 243.6835.
WorldRemit currently offers the best exchange rate on transfers from South Africa to Madagascar.
For the most part the ZAR-MGA exchange rate you receive is the biggest factor impacting the cost of sending ZAR to Madagascar.
Fees: Outside of exchange rates, you may need to pay a fee to send. WorldRemit currently offers the lowest fees on transfers to Madagascar from South Africa, averaging 34.17 ZAR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Malagasy ariary is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Rands to MGA, paired with a low fee, means a higher total amount received in Madagascar.
How to find the best exchange rate for Rand to Malagasy ariary
Timing is essential for sending money between ZAR and MGA. The exchange rate you secure impacts how much MGA you get for your ZAR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from ZAR to MGA has seen some fluctuation. On average, it stood at 250.4056.
During this period, the highest value recorded was 259.3075, while the lowest was 243.6835.
WorldRemit, which is our recommended service to send money online from South Africa to Madagascar offers an exchange rate that is only 2.06% above the mid-market rate.
Want to secure the best ZAR-Malagasy ariary exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from South Africa to Madagascar!
Funding your South Africa to Madagascar money transfer
Bank transfers
Bank transfers are often the best and easier way to send money from South Africa to Madagascar.
By using a money transfer company such as WorldRemit for transfers from South Africa to Madagascar, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank.
On average, WorldRemit is the cheapest way to send money via a bank transfer. This is of the 5 companies we tested when sending ZAR to Madagascar.
With an average fee of 34.17 ZAR to send money from South Africa to Madagascar, WorldRemit offers a decent combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from South Africa to Madagascar with a debit or a prepaid card is easy with .
is a leading money transfer company for debit card payments, and offers transfers from South Africa to Madagascar.
Credit cards
When it comes to sending money with a credit card from South Africa to Madagascar, is our top choice of the 5 companies offering this service.
Keep on top of fees: using a credit card to transfer money can result in a fee being charged by your card issuer. Where possible, we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Madagascar and South Africa.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from South Africa to Madagascar.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ZAR to MGA.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
