How to send money to Madagascar from US with the best USD-MGA rate
Compare the best deals on transfers from the United States to Madagascar. Explore the cheapest, fastest, and most reliable providers with the best USD to MGA exchange rates.
Read on for the insights and in-depth analysis, and all you need to send money to Madagascar from United States.
Transferring the other way? Send MGA from Madagascar to United States instead.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"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."
"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."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
Overall best option: Wise
We tested & reviewed 8 money transfer companies, and Wise came out as one of the easiest options.
Sending 7,000 USD to MGA will cost you $60.74 in fees, and you will receive 30,911,141.85 MGA. The delivery time is within a week, but it depends on the day you make the transfer.
So for a great mix of cost, speed & features, make your United States to Madagascar transfer using Wise.
How to compare deals on your United States to Madagascar transfer
Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure get best exchange rates on transfers from the United States to Madagascar.
Choose a provider
Select the provider that offers you the best value & service for your needs.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Madagascar from the United States.
Summary of recent searches
Considerations for money transfers from United States to Madagascar
Comparing providers offering services between the United States 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 US Dollar to Madagascar.
This ensures you get the best options for transfers to Madagascar from the United States, based on the amount you want to send.
Cheapest way to send money to Madagascar from the United States: Revolut
They offer a fee of 21 USD and exchange rate between USD-MGA that is 0.2% different to the mid-market rate.
In comparison, Revolut is 0% cheaper than the second-best option.
To secure affordable and great rates on a USD to Madagascar transfer, Revolut is our recommended choice.
Fastest money transfers from United States to Madagascar: OFX.
Based on our recent data, transfer time for a $7,000 transfer to Madagascar with OFX is minutes - 24 hours. This can vary by amount and method, but it is a good point of reference.
Sending money from the United States to Madagascar through OFX will cost you 0 USD in fees & small markup.
OFX was one of 8 money transfer providers we compared for overall speed of sending money from the United States to Madagascar. This speed test included depositing US Dollars to an account and the average timeframe for sending money to Madagascar.
When fast transfers are a priority, OFX is our best choice for sending from United States to Madagascar.
The best apps to send USD to Madagascar from United States
Most money transfer companies have apps you can use to send money abroad.
We've compared and analyzed over 8 apps & companies for USD/MGA transfers and these are the best apps we found. All these apps are available on iOS and Android for free.
App | Rating | Mobile wallet |
|---|---|---|
iOS: 4.8 / 2.6K reviews Android: 4.4 / 4.19K reviews | Yes (30+ currencies) | |
iOS: 4.9 / 2.3M reviews Android: 4.8 / 1.29M reviews | Yes (Remitly One) | |
iOS: 4.8 / 158K reviews Android: 4.8 / 1.52M reviews | Yes (40+ currencies) |
Transferring large sums of money
Of the 8 money transfer companies tested, Wise is the strongest option for large transfers from the United States 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 States to Madagascar can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to USD because they offer a strong all-round product.
Understanding the cost of transferring money from United States to Madagascar
The total cost of money transfers from United States to Madagascar is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.
The Mid-Market and Exchange Rates: The mid-market rate for USD-MGA is currently 4,431.1193 MGA per US Dollar. Providers offering services closer to this rate will ensure more Malagasy ariary for your US Dollars.
To give a historic average, over the last 7 days the USD-MGA mid-market rate has been 4,461.4237 MGA per US Dollar, this has had a high of 4,487.0003 and a low of 4,438.1415.
From the 8 companies compared, Wise offers the best exchange rate on transfers to Madagascar and the United States.
Generally, the exchange rate you receive on converting USD to MGA will be the biggest factor impacting the cost of sending US Dollars to Madagascar.
Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Revolut, just 21 USD per transfer. In all cases, we recommend searching for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount eventually received in Malagasy ariary. Simply, the higher the amount received in the United States, the lower the cost of sending from Madagascar.
How to find the best exchange rate for US Dollar to Malagasy ariary
Timing is essential for sending money between USD and MGA. The exchange rate you secure impacts how much MGA you get for your USD.
Let's dive into some interesting recent trends.
Over the past 7 days, the exchange rate from USD to MGA has seen some fluctuation. On average, it stood at 4,461.4237.
During this period, the highest value recorded was 4,487.0003, while the lowest was 4,438.1415.
Wise, which is our recommended service to send money online from United States to Madagascar offers an exchange rate that is only -0.37% above the mid-market rate.
Want to secure the best USD-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 States to Madagascar!
Funding your United States to Madagascar money transfer
Bank transfers
Bank transfers are often the best and easier way to send money from the United States to Madagascar.
By using a money transfer company such as Revolut for transfers from the United States 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, Revolut is the cheapest way to send money via a bank transfer. This is of the 8 companies we tested when sending USD to Madagascar.
With a fee of 21 USD to send money from the United States to Madagascar, Revolut offers a decent combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from the United States to Madagascar with a debit or a prepaid card is easy with Xe.
Xe is a leading money transfer company for debit card payments, and offers transfers from the United States to Madagascar.
Credit cards
When it comes to sending money with a credit card from the United States to Madagascar, it can get very expensive very quickly due to additional fees.
We recommend sticking to bank transfers or debit card deposits, but if you have to, to find the right money transfer company that offers credit card deposits.
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 States.
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 States to Madagascar.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD to MGA.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Related transfer routes
Send money from United States
Send money to Madagascar
How much money can be transferred from United States to Madagascar?
Are there any tax implications to sending money from United States to Madagascar?
Can I send money from United States to Madagascar with MoneyTransfers.com?
What are the typical transfer fees for sending US Dollars to Madagascar through various providers?
How long does it take to send money from United States to Madagascar?
What is the best exchange rate I can get for sending money from United States to Madagascar?
Are there any minimum or maximum transfer amounts for sending money from United States to Madagascar?
Can I schedule regular transfers between United States and Madagascar?
Tools & resources
Contributors
