Send Money from Taiwan to Madagascar
Compare TWD → MGA exchange rates from top providers
AI Quick Verdict
As of April 16, 2026, the cheapest way to send money from Taiwan to Madagascar is via Wise, costing $4.60 in fees with an exchange rate of 1 TWD = 131.00 MGA. Sending $1,000 delivers MGA 130,399.29 to your recipient in ~1 hour.
Compare TWD → MGA Rates
Best rate — they receive (MGA)
MGA 130,399.29
via Wise
Sending TWD 1,000 to Madagascar
Updated Apr 16, 06:00 AM
| Provider | Exchange Rate | Fee | Speed | You Send | They Receive | |
|---|---|---|---|---|---|---|
WiseBest rate | 1 TWD = 131.00 MGA | $4.60 | ~1 hour | TWD 1,000 | MGA 130,399.29 | Send → |
RevolutRunner-up | 1 TWD = 130.61 MGA | $5.00 | ~1 day | TWD 1,000 | MGA 129,955.85 | Send → |
Remitly | 1 TWD = 129.04 MGA | $15.00 | ~3 hours | TWD 1,000 | MGA 127,101.32 | Send → |
WorldRemit | 1 TWD = 128.38 MGA | $13.99 | ~6 hours | TWD 1,000 | MGA 126,585.8 | Send → |
* Rates are indicative. Final rate confirmed at provider's checkout. RateCurb may earn a commission if you click and sign up.
vs Traditional Banks
You save up to $75
on a TWD 1,000 transfer
Wise
BEST RATEBank of America
+5% markup + $35 wire fee
Wells Fargo
+4.5% markup + $25 wire fee
The Taiwan to Madagascar corridor has evolved rapidly, with digital providers like Wise and Remitly now offering 3-8% better exchange rates than traditional banks. A strategic comparison of providers, delivery methods, and transfer timing can save 87% on costs for typical remittances.
Our verdict: Use Wise or Remitly for flat-fee, transparent pricing; prioritize economy transfers to mobile wallets (Airtel Money, Orange Money) for maximum recipient accessibility.
Frequently Asked Questions
What is the best TWD to MGA exchange rate?
Mid-market rates currently range 1 TWD = 145-155 MGA. Digital providers like Wise maintain markups of 0.5-1.5%, while banks apply 4-8% markups, making digital channels the clear winner for rate optimization.
How long does it take to send money from Taiwan to Madagascar?
Economy transfers typically complete in 3-5 business days, while express options deliver within 24 hours for a 250-500 TWD premium. For most recurring remittances, economy transfers provide superior cost-benefit ratios.
What are the fees for sending money from Taiwan to Madagascar?
Digital providers charge 180-350 TWD flat fees plus 0.5-1.5% markup, while traditional banks charge 600+ TWD plus 4-8% markup. A 40,000 TWD transfer via Wise costs approximately 480 TWD total versus 3,800 TWD via Bank of Taiwan.
Is it safe to use online money transfer services?
All major providers comply with standard banking regulations including AML/KYC verification. Wise, Remitly, Revolut, and WorldRemit maintain full regulatory licensing in Taiwan, making them as safe as traditional banks with superior transparency and lower fees.
How to send money from Taiwan to Madagascar
- 1Choose your provider — Compare rates above and pick the one with the best TWD to MGA rate.
- 2Create a free account — Most providers take under 5 minutes to verify your identity.
- 3Enter your recipient's details— You'll need their bank account number and routing information.
- 4Pay and track — Fund your transfer and track it in real time.