USD to MVR exchange rate today
Convert US Dollar to Maldivian Rufiyaa to send a cheap international money transfer
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What is the USD to MVR exchange rate today?
The USD to MVR exchange rate today is 15.4183. This is the mid-market exchange rate, which isn’t always the same as the rate a bank or an international money transfer service will give you. We’ll look at that more in just a moment.
Exchange rates change very frequently based on fluctuations in the global currency market. That means you’ll need to keep an eye on the live USD to MVR exchange rate before you convert or send a payment to the Maldives from the United States, so you’ll know how far your money will go in MVR.
How does the currency exchange rate work?
The USD to MVR exchange rate describes the amount you’ll get in Maldivian Rufiyaa when you exchange a single US Dollar. This can help you work out how much you’ll get in the end in MVR when you convert money for a trip, or send a payment to someone.
Currency exchange rates vary a lot depending on a very broad range of factors, including global currency market movements, economic and political stability and more. Usually when you search for an exchange rate online you’ll see the mid-market exchange rate. This is the rate used when banks and large institutions trade currencies on a wholesale level, but it’s not necessarily the rate you’ll get when you convert as a retail customer.
To see the rate your bank or preferred international money transfer service offers, you’ll need to visit their website - or use our handy currency converter tools to see which provider might offer the best deal for your specific needs.
USD to MVR currency graphic
See the price of the USD - MVR in real time and check the historical values of the currency compared to the real.
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USD to MVR stats
USD to MVR currency performance and volatility
| Stats | Last 7 Days | Last 30 Days | Last 90 Days | Last Year |
|---|---|---|---|---|
| High | 15.4183 | 15.4208 | 15.4216 | 15.444 |
| Low | 15.215 | 15.215 | 15.215 | 15.1925 |
| Average | 15.30213 | 15.28362 | 15.27276 | 15.30597 |
| Volatility | 1.33% | 1.35% | 1.35% | 1.64% |
About MVR
Maldivian Rufiyaa is the official currency of the Maldives. Here is some information about it:
- Currency name: Maldivian Rufiyaa
- ISO code: MVR
- Symbol: Rf
- Subunit: 1/100 = Laari
Best time to buy MVR?
There’s not really a best time to buy MVR, as the exchange rate you get will change frequently depending on factors outside of your own control.
It’s worth keeping an eye on the live US Dollar to Maldivian Rufiyaa rate, and looking at historical exchange rate data to see what trends emerge. This can help you spot a good rate when one is available, and will help you prepare to convert money or send your overseas payment.
How about USD?
If you need to switch MVR - or any other foreign currency - back to USD, again, you’ll need to watch exchange rates to get a feel for the trends and the best time to exchange. You may also want to shop around a bit to see which providers can offer the best deal based on your specific needs, to make sure you get the most USD back in the end.
Where to buy MVR today?
You may be able to buy MVR from a bank, a physical currency exchange store, or online. Which option suits you will depend a lot on what you need the money for, and how urgently.
Not all banks offer travel cash, and where this is available you may need to order in advance. Physical currency exchange offices can be quicker if they hold the currency you need in stock. Or, as an alternative you might want to look at digital currency exchange services, like Wise or Revolut, which allow you to open an account with your phone, to add USD from your bank or with a card, and convert digitally to MVR. You can then use your MVR balance to send to someone else, or in some cases, you can spend with a linked digital or physical card.
Wise
The Wise multi-currency account allows you to buy, hold, and spend Maldivian Rufiyaa and over 40 other currencies at the mid-market exchange rate with no markup. In addition to saving on currency exchange, the service offers a multi-currency card linked to the account and 2 free withdrawals per month of up to 100 USD and provides account details for receiving payments in 20+ currencies.
Revolut
Revolut is yet another free multi-currency account that allows you to hold a balance in dollars. Supporting over 30 currencies and 150 countries, it simplifies top-ups in foreign currencies that use the commercial exchange rate. In addition to international transfers, payments, and withdrawals, the platform offers integrated banking services such as savings and investments.
How to get the best exchange rate when buying MVR today?
The only way to know you’re getting the best available MVR exchange rate is to do some research. The best rate may depend on whether you need cash or want to send a payment, and which providers are convenient for you based on your location. Many services list their live exchange rates online which makes them easier to check and compare, which offers some reassurance you’ll get a good deal in the end.
How to order foreign currency online
Depending on your needs, you may find you can order MVR online for collection or delivery in cash - or you could choose a multi-currency account like Wise from a specialist provider which lets you add funds in your preferred currency and switch over to MVR instantly.
Cash services might suit you if you want travel money ready for a trip, but a digital account could also work if you pick a provider which offers a debit card. You can simply use this to make withdrawals on arrival from an ATM, so you’ll be able to pay with card or cash, depending on what’s best for your particular transaction.
How to open a MVR account in the United States
If you need to send or receive overseas payments in MVR you might be wondering how to open a MVR account in the United States.
You may find you can open a MVR account in the United States through your bank - or you might prefer to look at a non-bank alternative provider which offers multi-currency accounts instead. Bank services can vary widely and may come with some quite high minimum balance requirements and costs. Often specialist providers can offer more flexible account services, including holding USD and MVR, with low fees and easy ways to send and receive payments, or spend with a card when you’re travelling.
How to send money to the Maldives?
You can send money to the Maldives through your bank or a specialist international money transfer service.
Most banks offer international payments all over the world. However, the fees can be pretty high and you’ll normally also pay a charge which is rolled into the exchange rate that is used to convert USD to MVR for deposit to your recipient’s account. Before you send your payment with your bank it’s worth also comparing a few specialist services.
Specialist money transfer services still allow you to fund your transfer to the Maldives through your bank’s online banking system, or you can pay with your debit or credit card in many cases, too. Your money is then converted and deposited in your recipient’s account - or you might be able to select options to send money to a mobile wallet account or for cash collection instead.
It’s easy to compare different solutions to send money to the Maldives using our currency conversion and payment calculator tools. Just enter the details of the transfer you need to make, to see the available fees and exchange rates for many popular providers.
Popular USD exchange rates today
Frequently asked questions when converting USD to MVR
How much is the USD to MVR exchange rate?
The USD to MVR exchange rate today is 15.4183. That’s the amount you’ll get in MVR when you exchange a single US Dollar.
How much is 1,000 USD to MVR?
To calculate how much you’ll get in MVR if you exchange 1,000 USD you’ll need to multiply the live USD to MVR exchange rate by 1,000. If you want to make it easier you can also use our currency conversion and comparison tools which show you exactly what you’d get for 1,000 USD from different services.
How to exchange USD to MVR?
You may be able to buy MVR from a bank, a physical currency exchange store, or online. Which option suits you will depend a lot on what you need the money for, and how urgently.
How to send money to Maldives?
You can send money to Maldives through your bank or a specialist international money transfer service. It’s easy to compare different solutions to send money to Maldives using our currency conversion and payment calculator tools. Just enter the details of the transfer you need to make, to see the available fees and exchange rates for many popular providers.
What is the mid-market rate?
The mid-market exchange rate is the rate used when banks and large institutions trade currencies on a wholesale level, but it’s not necessarily the rate you’ll get when you convert as a retail customer. Instead, providers will often add a fee, known as a markup, on the rate they use to convert foreign currencies for cash, or to send a payment abroad. Compare a few different services using our helpful tools, to see which offers the best rate for your specific needs.