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Overall best option: Wise
We tested & reviewed 8 money transfer companies, and Wise came out as one of the easiest options.
Wise appeared in 100% of searches for sending money from the United Kingdom to Madagascar, and was the top rated company for GBP to MGA transfers.
So for a great mix of cost, speed & features, make your United Kingdom to Madagascar transfer using Wise.
How to compare companies offering money transfers from United Kingdom to Madagascar
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from the United Kingdom to Madagascar. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to Madagascar.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from the United Kingdom to your chosen country & currency.
Summary of recent searches
Considerations for money transfers from United Kingdom to Madagascar
Comparing providers offering services between the United Kingdom and Madagascar, based on your specific needs is the best way to send money with confidence.
Our comparison includes 8 companies that provide the ability to send Pound Sterling to Madagascar.
This ensures you get the best options for transfers to Madagascar from the United Kingdom, based on the amount you want to send.
Cheapest way to send money to Madagascar from the United Kingdom: Instarem
Data collected through our comparison over the past six months shows that Instarem is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* GBP and an exchange rate for buying Malagasy ariary with Pound Sterling that is 0.17% different to the mid-market rate.
If you want to secure the best rates on a United Kingdom to Madagascar transfer, Instarem offers value. We would still recommend searching for the amount you want to send to Madagascar.
*The most common fee applied to GBP-MGA by Instarem, based on data from the past six months.
Fastest money transfers from United Kingdom to Madagascar: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from the United Kingdom to Malagasy ariary in 100% of instances.
Over the last six months, sending money from the United Kingdom to Madagascar through Wise have an average fee of 3.15 GBP.
Wise was one of 8 money transfer providers we compared for overall speed of sending money from the United Kingdom to Madagascar. This speed test included depositing Pound Sterlings to an account and the average timeframe for sending money to Madagascar.
When fast transfers are a priority, Wise is our best choice for sending from United Kingdom to Madagascar.
Transferring large sums of money
Of the 8 money transfer companies tested, Wise is the strongest option for large transfers from the United Kingdom 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 the United Kingdom to Madagascar can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to GBP because they offer a strong all-round product.
Understanding the costs involved when transferring money to Madagascar from United Kingdom
When calculating the cost of sending money from the United Kingdom to Madagascar, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current GBP-MGA mid-market rate is 5,894.9658 MGA per Pound Sterling. Finding a provider as close to this number as possible will ensure more Malagasy ariary for your money.
As a comparison, the GBP-MGA mid-market rate for the past three months has averaged 6,034.4581 MGA per Pound Sterling, hitting a high of 6,036.5824 and a low of 5,717.6739.
Wise is currently offering the best exchange rate on transfers between the United Kingdom and Madagascar.
Often the GBP-MGA exchange rate you receive will be the biggest factor impacting the cost of sending Pound Sterling to Madagascar.
Fees: Transfer fees are charged on top of a transfer. Instarem currently offers lowest fees, at an average of 0 GBP over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Malagasy ariary is the biggest indicator in the total cost of sending money to the United Kingdom from Madagascar. The higher the total amount received in Madagascar, the lower the cost of sending from the United Kingdom.
How to find the best exchange rate for Pound Sterling to Malagasy ariary
Timing is essential for sending money between GBP and MGA. The exchange rate you secure impacts how much MGA you get for your GBP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from GBP to MGA has seen some fluctuation. On average, it stood at 6,034.4581.
During this period, the highest value recorded was 6,036.5824, while the lowest was 5,717.6739.
Wise, which is our recommended service to send money online from United Kingdom to Madagascar offers an exchange rate that is only 0.2% above the mid-market rate.
Want to secure the best GBP-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 United Kingdom to Madagascar!
Funding your United Kingdom to Madagascar money transfer
Bank transfers
Bank transfers are often the best and easier way to send money from the United Kingdom to Madagascar.
By using a money transfer company such as Instarem for transfers from the United Kingdom 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, Instarem is the cheapest way to send money via a bank transfer. This is of the 8 companies we tested when sending GBP to Madagascar.
With an average fee of 0 GBP to send money from the United Kingdom to Madagascar, Instarem offers a decent combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from the United Kingdom to Madagascar with a debit or a prepaid card is easy with Wise.
Wise is a leading money transfer company for debit card payments, and offers transfers from the United Kingdom to Madagascar.
Credit cards
When it comes to sending money with a credit card from the United Kingdom to Madagascar, is our top choice of the 8 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 United Kingdom.
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 United Kingdom to Madagascar.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to MGA.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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