India's biggest forex marketplace!
|Rate (in INR)
The Rufiyaa is the official currency of the Republic of Maldives. The currency is represented by the symbol Rf and by the abbreviation MVR. The coins and banknotes are issued and circulated by the Maldives Monetary Authority. Each Rufiyaa is divided into 100 laari. The banknotes are issued in the range of 5 to 1000 Rufiyaa. The coins range from 1 Laari to 2 Rufiyaa. When converting Maldivian Rufiyaa to Indian rupee the value can be between 4-5 Indian Rupees for every Rufiyaa.
The Maldives is a small Islamic nation in the Indian Ocean. The nation consists of clusters of islands spread across coral reefs. The Maldives is a very popular tourist destination. Tourism is the key income for many of the natives. Sandy beaches, clear waters and coral reefs make the island nation attractive to tourists. The revenue from tourism related industries keeps the economy of Maldives stable. Agriculture is another industry that contributes to the economy of Maldives. Only some of the islands in the cluster of islands are deemed habitable and others are used for industrial purposes such as for tourism and agriculture. Many of the islands are turned into individual resorts and agricultural lands. The Maldives is also a leading exporter of fish products. The key foreign exchange in the country occurs as a result of tourist interaction in the Maldives. The resorts and shops accept mostly US Dollar currency as payment. Forex cards are also accepted anywhere in Mali. But is always best to keep some Local Maldivian currency in hand where cards are not accepted. The most widely used and accepted currency in the Maldives is the US Dollar currency. One USD is equal to about 15- 16 Maldivian Rufiyaa Currency.
Maldivian Rufiyaa is not a very popular nor demanding currency in India. Hence the Conversion of INR to Maldivian Rufiyaa or Rufiyaa to Rupee is not facilitated by banks or exchange houses in India. The most common practice done is to convert Indian Rupees to US Dollars and use it in the Maldives. USD is very popular and widely accepted in the Maldives. And probably there will not be a need to convert USD to MVR in the Maldives. Most of the transactions are processed in USD.
|Laari ( 1 Rufiyaa= 100 Laari)
|5, 10, 20, 50, 100, 500, 1000 Rf
|1, 5, 10, 25, 50 Laari, 1, 2 Rf
Maldivian Currency is not very popular or used in any form of transactions in India. Hence the banks and forex centers might not carry out the exchange of Indian Rupees to Maldivian Rufiyaa. The most common method is to convert INR to USD if you are going to visit the Maldives. USD is the most accepted form of currency in the Maldives. With the help of ExTravelMoney.com, you can easily convert INR to USD without any hassle. Choose a vendor that offers forex services in your region from our website and place the order online. Shortly our customer service executive will call you in completing the order. Make the payment online and you can even request the vendor to deliver the forex currency to your home and pick up the KYC documents.
Due to the low demand and popularity of Maldivian Rufiyaa, most of the banks and exchange houses may not accept the Maldivian currency and convert it to Indian Rupee currency. So it is best to convert the MVR into USD before you leave the Maldives. The USD can be exchanged for INR in Indian banks or exchange houses. ExTravelMoney.com can help you find the best exchange rate for USD in your region. Choose from the list of vendors around you with the best exchange rate and place your order. With the help of our customer service executive complete the order. You can request the vendor to provide doorstep services in picking up the forex currency and KYC documents.
Please check back later