Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 89.5% of Spain to Madagascar searches, and was the top rated company out of 6 that support EUR to MGA.
So for a great mix of cost, speed & features, make your Spain to Madagascar transfer using Wise.
How to get the best deal on your Spain to Madagascar transfer
Important things to consider before sending money from Spain to Madagascar
Don't settle for the first option. Always compare ways to send money from Spain to Madagascar to find out about fees, speed, and reliability.
Our analysis included 6 providers that operate between Spain and Madagascar.
Through this, you get a comprehensive view of all the options you have in Spain when you need to send money to Madagascar.
Cheapest way to send money to Madagascar from Spain: Wise
Data collected over the past six months shows that Wise is 0.4% cheaper than the second-best option.
The €0 transfer cost represents the most common fee for EUR to MGA international transfers, based on data from the past six months.
If you want to secure the best rates on a EUR to Madagascar transfer, make sure you pick Wise to send your money online.
*The most common fee applied to EUR-MGA by Wise, based on data from the past six months.
Fastest way to send money from Spain to Madagascar: TransferGo
Our data shows that TransferGo came up as the fastest way to send money from Spain to Madagascar in 50% of searches. This makes them well suited to urgent EUR to MGA money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Spain to Madagascar - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, TransferGo is your best choice at the moment. This service emerged as the quickest way to send money to Madagascar from Spain in 50% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send EUR from Spain to Madagascar, it’s the provider that will keep you safe and relaxed while your money moves into MGA.
Understanding the costs involved when moving money from Spain to Madagascar
When calculating the costs of money transfers between Spain and Madagascar, here's what really matters:
The Mid-Market Rate: Today, the EUR-MGA mid-market rate equals to 4742.249193 MGA per Euro.
The EUR-MGA average exchange rate for the past three months has been 4930.4856 MGA per Euro, with a high of 5106.797 and a low of 4637.4977.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from EUR to MGA.
How to find the best exchange rate for Euro to Malagasy ariary
Timing is essential for sending money between EUR and MGA. The exchange rate you secure impacts how much MGA you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from EUR to MGA has seen some fluctuation. On average, it stood at 4930.4856.
During this period, the highest value recorded was 5106.797, while the lowest was 4637.4977.
Wise, which is our recommended service to send money online from Spain to Madagascar offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best EUR-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 Spain to Madagascar!
Payment methods available to fund your Spain to Madagascar transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Madagascar and Spain.
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 Spain to Madagascar.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to MGA.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.