BIF to MGA

Convert [custom_amount]Burundian Franc to Malagasy Ariary

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Rule of thumb

When you are abroad and you just want to get a quick estimate, use this rule of thumb:

[rule_of_thumb currency1=”BIF” currency2=”MGA” currency1_name=”Burundian Franc” currency2_name=”Malagasy Ariary”]

How to convert [custom_amount]Burundian Franc to Malagasy Ariary

Converting currencies can be done through various channels. Currency exchange services at banks or online platforms offer a straightforward solution—simply input the amount and desired currency. Online converters and ATMs also provide convenient options, while credit cards automatically handle conversions during international transactions.

How much does it cost to convert BIF to MGA

The cost of converting BIF to MGA depends on the method chosen. Exchange services may charge fees or offer slightly different rates. Online platforms and ATMs may have transaction fees, and credit cards might include foreign transaction fees. It’s essential to compare options and consider associated costs before deciding on a conversion method.

Burundian Franc to Malagasy Ariarys conversion rates

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Top Currency Pairings for Burundian Franc

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MGA to BIF
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BIF to USD
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BIF to EUR
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BIF to GBP
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BIF to CNY
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BIF to JPY
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BIF to CAD
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BIF to AUD
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BIF to CHF
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BIF to NZD
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BIF to ZAR
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BIF to INR
Looking for another BIF currency pair?

How to transfer money? And how long does it take?

Peer-to-peer payment apps like Venmo or PayPal offer quick transactions. Wire transfers through banks are an option but can take a few days. Cryptocurrencies, such as Bitcoin or Ethereum, provide a decentralized alternative for transferring funds globally, offering speed and some degree of anonymity.

Look out for exchange scams

Look out forDescription
Unofficial Currency ExchangesStreet individuals and kioks may offer attractive rates and/or give counterfeit currency. Use established offices for safety.
Dynamic Currency ConversionSome ATMs offer less favorable exchange rates. Opt for local currency to avoid extra fees during transactions.
Overcharging at Exchange OfficesTourist-heavy areas may charge higher fees. Compare rates and be aware of additional fees before transactions.
Fake Banknote SwitchBe cautious during exchanges to prevent scammers from switching real currency with counterfeits. Count money carefully.
Inflated CommissionsExchange offices may have hidden fees. Inquire about the total cost, including commissions, before exchanging money.
Always know exactly how the coins and notes from the currency look like. Know or ask about exchange rate and fees beforehand and count your money carefully afterwards. Look at the chart, when was the last price update? Use your calculator to verify.

Currency Information

BIF stands for Burundian franc, which is the official currency of Burundi. It is issued and regulated by the Bank of the Republic of Burundi. The BIF is only used as legal tender within Burundi and cannot be used as a recognized currency in other countries.

The MGA, or Malagasy Ariary, is the official currency of Madagascar. It is used as legal tender exclusively in Madagascar, making it the sole currency accepted for transactions within the country.

Cost of Living Comparison

When it comes to daily expenses, the cost of groceries and dining out plays a significant role. Here we look at the average weekly cost for basic groceries and dining out at a mid-range restaurant dinner for two people.

LocationWeekly GroceriesDining Out for Two
Burundi€#N/A€#N/A
Madagascar€#N/A€#N/A
All numbers in Euros for easy comparison.

Keep in mind that these figures are approximations, and actual costs can vary based on specific locations and individual choices.