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Send money from Madagascar to South Africa
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
Alternative for Madagascar to South Africa
While you can’t send MGA to ZAR with Wise, you can transfer USD to USD.
"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."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
The best way to send money from Madagascar to South Africa is using PayPal P2P transfer service.
With P2P transfers, if you and your recipient both have the PayPal app, you can send money between them.
You will initiate the transfer in MGA and your recipient will receive the ZAR into their PayPal account.
The downside of this, is that PayPal charges higher fees and the withdrawal options can be limited depending.
Compare for the best deal on your Madagascar to South Africa transfer
Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Madagascar to South Africa.
Choose a provider
Pick the provider that offers you the best value & service for your needs for MGA to ZAR transfers.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to South Africa.
Summary of recent searches
Transfer consider from Madagascar to South Africa
Compare available providers
A comparison of providers offering services between Madagascar and South Africa is paramount. Based on your specific transfer amount, the best way to send money to South Africa could change. Comparing ensures the best price for your needs.
For services allowing you to send Malagasy ariary to South Africa we've compared 3 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Madagascar.
Overall, we rated Western Union Agent as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Madagascar to South Africa.
Getting the best Malagasy ariary-Rand exchange rate
Choose the right payment method
Financial regulators
Consider transfer limits
Consider how the money will be received
Have your ID ready
Tax declarations in South Africa
The cheapest way to send money to South Africa from Madagascar is using Western Union cash transfer service.
While online transfers are usually cheaper, there are very few providers offering MGA to ZAR transfers, making cash transfer through a Western Union Agent the most practical and affordable option available.
The overall cost of your transfer includes both the transfer fee (around 3 MGA per 1,200,000 MGA) and the exchange rate markup applied by Western Union.
These costs can vary depending on the branch location, payment method, and the amount you’re sending, so it’s always worth checking with your branch before making a transfer.
Fastest way to send money to South Africa from Madagascar : MoneyGram cash pickup
When speed is your priority, the quickest way to transfer money from Madagascar to South Africa is through a MoneyGram cash transfer.
In most cases, funds are available for pickup within minutes, allowing your recipient to collect ZAR almost instantly. Sometimes it can take a day or two, depending on the deposit method, branch, and the amount.
Given the limited online options for MGA to ZAR transfers, using MoneyGram’s cash pickup service remains the fastest and most dependable choice.
Need to make a large transfer?
Western Union Agent is the best option for large transfers of the 3 providers compared.
While Western Union Agent may not always be the cheapest or fastest way to send MGA from Madagascar to South Africa, it's a great provider for larger transfers for things like buying or selling property.
Understanding the costs involved when transferring money to South Africa from Madagascar
When calculating the cost of sending money from Madagascar to South Africa, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current MGA-ZAR mid-market rate is 0.0039 ZAR per Malagasy ariary. Finding a provider as close to this number as possible will ensure more Rand for your money.
As a comparison, the MGA-ZAR mid-market rate for the past week has averaged 0.0038 ZAR per Malagasy ariary, hitting a high of 0.0039 and a low of 0.0038.
Western Union Agent is currently offering the best exchange rate on transfers between Madagascar and South Africa.
Often the MGA-ZAR exchange rate you receive will be the biggest factor impacting the cost of sending Malagasy ariary to South Africa.
Fees: Transfer fees are charged on top of a transfer. Western Union Agent currently offers lowest fees of 3 MGA. Although we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Rand is the biggest indicator in the total cost of sending money to Madagascar from South Africa. The higher the total amount received in South Africa, the lower the cost of sending from Madagascar.
Getting best exchange rate for transfers between Malagasy ariary and Rand
Timing is essential for transferring money between MGA and ZAR. The exchange rate you secure impacts how much ZAR you get for your MGA.
The recent trends between the currencies are:
Over the past 7 days, the mid-market rate from MGA to ZAR has moved slightly. On average, it was 0.0038.
During this same period,there was a high of 0.0039, and a low of 0.0038.
Western Union Agent, which is our recommended service to send money online from Madagascar to South Africa offers 0.0037 ZAR per MGA which is only 5% above the mid-market rate.
Want to secure the best MGA-Rand exchange rates?
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Paying for your Madagascar to South Africa money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Madagascar to South Africa.
By using a money transfer company such as Western Union Agent to send money from Madagascar to South Africa, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Western Union Agent is the cheapest money transfer provider for bank transfers from the 3 we tested when sending MGA to South Africa.
With a fee of MGA3 to send money from Madagascar to South Africa, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Madagascar to South Africa with a prepaid or debit card is very easy with Western Union Agent.
Western Union Agent is a great choice for sending money with a debit card from Madagascar to South Africa. This is from the 3 money transfer companies compared.
Credit cards
When it comes to credit card transfers from Madagascar to South Africa, we recommend comparing your options to get the best deal.
Be careful of fees: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why 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 South Africa and Madagascar.
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 Madagascar to South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MGA to ZAR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
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