Where to exchange money in Antananarivo
If you’re planning a trip to Antananarivo, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Antananarivo. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Where to exchange money in Antananarivo
If you’re planning a trip to Antananarivo, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Antananarivo. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Spend abroad without hidden fees
Currency exchanges in Antananarivo
Consider using digital alternatives like Wise when looking at currency exchanges. If you still need to have some physical cash, here are a list of currency exchanges you can find in Antananarivo.
A reminder from us - There's no such thing as 0% commission or fee-free so remember to do your research and make an informed decision.
| Money Changer | Address | Contact Information |
|---|---|---|
| Best Change IVANO | Ancienne Tour de contrôle. Ivato Antananarivo, Antananarivo 105, Madagascar | +261 32 03 156 12 |
| MASTER CHANGE | Lalana S. Rahamefy, Antananarivo, Madagascar | +261 34 04 649 46 |
| Mada Best Change | Suprême Center Box n°610 Lot IVB 34,s Andravoahangy Antananarivo, Antananarivo 101, Madagascar | +261 20 26 396 44 |
| Socimad Bureau de Change | 3GVC+MGP, Lalana Patrice Lumumba, Antananarivo, Madagascar | |
| MoneyGram | Lot 09A, Antananarivo 101, Madagascar | +261 20 22 446 56 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Malagasy ariary rate today
The accepted currency in Antananarivo and across Madagascar is the Malagasy ariary.
However, when you visit a currency exchange, you'll find that they use currency codes. Specifically, the currency code for the Malagasy ariary is MGA. Keep an eye out for this code if you're comparing exchange rates.
What you should know about exchanging money in Antananarivo
Before exchanging money in Antananarivo or any foreign city, it's important to be informed to avoid excessive charges and get the best deals. Consider opening a bank account in Madagascar for long-term stays or substantial investments like buying property or cars.
1. Beware of 'zero fee' services
Services claiming 'no commission' often offer poor exchange rates, not reflecting the mid-market rate, leading to hidden profits for them.
2. Check the exchange rate beforehand
Familiarize yourself with the base rate to identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
Convenience comes at a price, as airports and hotels usually offer poor rates and high transaction fees.
4. Use ATMs strategically
Check if your home bank has partnerships in Madagascar banks to avoid extra ATM fees, and inform your bank before traveling.
5. Opt for local currency
When using an ATM abroad, choose to be charged in Malagasy ariaries for a fairer rate and avoid undisclosed exchange rates and additional fees.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
From the list above you should have plenty of options for finding a physical currency exchange in Antananarivo. If you'd like more options, try searching on a search engine like Google.
Finally, don't forget to check out Wise - The digital alternative to exchanging and spending cash abroad.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.