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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to the Eurozone can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to the Eurozone bank accounts or pay a Euro invoice.
Malagasy ariary (MGA) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/EUR Outlook: Bearish, as the USD is below its recent average and near recent lows due to concerns in the US labor market.
EUR/GBP Outlook: Slightly positive, but likely to move sideways, as the rate is just below its recent average and trading near recent highs without clear drivers.
To help you understand the real-world value of the current exchange rate, the table below shows how much Malagasy ariary are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different MGA amounts at today’s rate * :
| MGA | EUR |
|---|---|
| Ar 1,000 | € 0.1890 |
| Ar 5,000 | € 0.9450 |
| Ar 20,000 | € 3.7800 |
| Ar 100,000 | € 18.90 |
| MGA | EUR |
|---|
More amounts
*Converted at the current MGA-EUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malagasy ariary (MGA) to Euro (EUR) rates from different sources before making a conversion.
The above Ariary to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest MGA-EUR mid-rate and the possible savings of using various providers.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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