Receiving country · World Bank RPW · MG
Send money to Madagascar
Corridor breadth is low-tercile (1 inbound source) - a narrow origin set versus denser receive markets.
- 5.3%
- Avg inbound cost
- 2.9%
- Cheapest · from France
- 1
- Source corridor
Corridor-breadth tercile vs fleet
Madagascar is quoted from 1 origin country, below the fleet breadth tercile (~2 corridors). Average inbound cost is 5.3%.
- #37 of 110
- cost corpus rank (cheapest=#1)
- 5.3%
- average inbound cost
- 2.9%
- cheapest source: France
- 1
- source corridor tracked
Cheapest Ways to Send Money to Madagascar
All Corridors to Madagascar
| # | From | Avg cost | Cheapest | Cheapest provider |
|---|---|---|---|---|
| 1 | France | 5.3% | 2.9% | Western Union |
Narrow origin set into Madagascar
Only 1 origin country quotes routes into Madagascar - below the fleet breadth tercile (~2). Average inbound cost is 5.31%.
The three cheapest inbound corridors to Madagascar right now are from France at 2.94% via Western Union. These are floor prices on a $200 transfer into Madagascar, fee plus FX margin.
With a thin origin set, corridor choice is limited; the actionable lever is provider comparison on the few quoted routes rather than hunting a missing source country.
About Madagascar inbound data
PlainRemit compares international money-transfer costs across tracked corridors so you can see which routes and providers charge the least before you send money abroad. This country's figures are computed directly from the World Bank Remittance Prices Worldwide (RPW) quarterly survey, a mystery-shopping panel of actual transfer quotes for a standardized $200 transfer. The UN Sustainable Development Goal 10.c target is to reduce remittance transaction costs to below 3% by 2030; always verify current rates directly with providers before sending money, rates change frequently.
Average inbound cost 5.31%; 1 source corridor tracked to Madagascar; vintage 2026-08-10.
Frequently Asked Questions
How much money is sent to Madagascar each year?
Madagascar has no positive WDI total_inflow in this build; RPW still quotes 1 inbound corridor at 5.31% average cost.
What is the cheapest way to receive money in Madagascar?
On World Bank RPW $200 sends, the cheapest inbound floors into Madagascar are from France, as low as 2.94%. Country average inbound cost is 5.31% (lower fleet tercile).
How have remittance costs to Madagascar changed over time?
Madagascar's current average inbound cost is 5.31%, below the fleet lower tercile (~5.3%) and 1.1 pp under the ~6.4% global RPW average. RPW has tracked this receive market since 2011.
Where does Madagascar sit among remittance-receiving countries?
Among 110 tracked receiving countries on PlainRemit with World Bank RPW cost data, Madagascar ranks #37 of 110 by average inbound transfer cost (cheapest = #1). /send-to browses alphabetically; this cost ordinal is the analytical placement basis.