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Overall best option: Wise
Of the 6 companies that support MGA to ZAR, Wise offered the best combination of cost and speed.
Overall, Wise appeared in 47.8% of Madagascar to South Africa searches, consistently scoring as one of the best ways to send MGA to ZAR.
So for a great mix of cost, speed & features, send Malagasy ariarys to South Africa using Wise.
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
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 6 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Madagascar.
Overall, we rated Wise 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.
Cheapest way to transfer money to South Africa from Madagascar: OFX
Of the 6 providers compared, data shows that OFX is 0% cheaper than the second-best option.
The is cost is made up of an average MGA-ZAR exchange rate that is -2.66% different to the mid-market rate and an average fee of 0* MGA.
If you want to secure the best rates on a MGA to South Africa transfer, OFX will result in the most Rand received.
*The most common fee applied to MGA-ZAR by OFX, based on data from the past six months.
Fastest money transfers to South Africa from Madagascar: Wise.
Through our research, we found Wise to be the quickest way to send MGA into Rand in 34.8% of instances. For fast transfers between MGA and ZAR, Wise is generally a good option.
Money transfers from Madagascar to South Africa through Wise have an average fee of 11.35 MGA.
To confirm that Wise was the 'fastest' option we compared 6 money transfer providers for overall speed of sending money from Madagascar to South Africa. This was made up of depositing Malagasy ariary to a money transfer account and transfer times to South Africa.
When sending quickly is a priority, Wise is our recommended choice for sending into South Africa from Madagascar.
Need to make a large transfer?
Wise is the best option for large transfers of the 6 providers compared.
While Wise 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 0.0038 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 three months has averaged 0.0039 ZAR per Malagasy ariary, hitting a high of 0.0042 and a low of 0.0038.
Wise 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. OFX currently offers lowest fees, at an average of 0 MGA 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 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 six months, the mid-market rate from MGA to ZAR has moved slightly. On average, it was 0.0039.
During this same period,there was a high of 0.0042, and a low of 0.0038.
Wise, which is our recommended service to send money online from Madagascar to South Africa offers an exchange rate that is only -0.05% 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 OFX 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, OFX is the cheapest money transfer provider for bank transfers from the 6 we tested when sending MGA to South Africa.
With an average fee of MGA0 to send money from Madagascar to South Africa, OFX 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 Wise.
Wise is a great choice for sending money with a debit card from Madagascar to South Africa. This is from the 6 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Madagascar to South Africa, Wise emerges as our top choice of the 6 companies offering this service.
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 document.
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