Currency in Mauritius MUR - Things to know
Foreign exchange guide to Mauritius and the Mauritian rupee
What's in this Mauritius currency guide?
What currency is used in Mauritius?
The official currency of Mauritius (country code: MU) is the Mauritian rupee, with symbol ₨ and currency code MUR.
Things to know about the Mauritian rupee
The Mauritian rupee (MUR) is the official currency of Mauritius, an island nation located in the Indian Ocean. Here are a few things to know about the Mauritian rupee:
- The Mauritian rupee is abbreviated as MUR and is divided into 100 cents.
- The Bank of Mauritius is responsible for issuing and regulating the Mauritian rupee.
- The exchange rate for the Mauritian rupee is determined by supply and demand in the foreign exchange market.
- Mauritius has a large, diversified economy that is heavily reliant on exports, including textiles, sugar, and fish. The country is also a major producer of pharmaceuticals and has a growing tourism industry.
- The Mauritian rupee has been relatively stable in recent years, but the currency has faced challenges due to economic challenges such as high inflation and a large trade deficit. In addition, Mauritius has faced political instability and conflict, which have also had an impact on the value of the Mauritian rupee.
Travel money for Mauritius
Save money and time by Ordering your Mauritian rupee online from Travelex, you get better rates and can pick up the MUR cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Mauritian rupee otherwise you may get much worst exchange rates.
Travel Ideas and Money Tips for Mauritius
Mauritius is a small island nation in the Indian Ocean, east of Madagascar. The population of Mauritius is just under 1.3 million people, and the official languages are English and French. The currency is the Mauritian rupee.
The climate is tropical, and the island is ringed by coral reefs. The terrain is mostly mountainous, with some coastal plains. The capital city is Port Louis, and the largest city is Curepipe.
Mauritius is a popular tourist destination, known for its beaches, resorts, and golf courses. The island is also home to a number of historic sites, such as the Le Morne UNESCO World Heritage site.
Mauritius is a relatively safe and stable country, and expats will find a welcoming and diverse culture. The cost of living is relatively high, but expats will find a good standard of healthcare and education.
Best things to do and see in Mauritius
Some of the best things to do and see in Mauritius include hiking up to Championship Golf Course, exploring the Black River Gorges National Park, and visiting the capital city of Port Louis.
Top Travel tips for Mauritius
When planning a trip to Mauritius, it is important to consider the best time to go. The climate is tropical and it is usually hot and humid. The coolest months are July and August and the warmest months are December and January.
It is also essential to think about what you want to do while you are in Mauritius. There are many activities to enjoy such as swimming, windsurfing, kitesurfing, golfing, and fishing. Mauritius is also a great place to shop and there are many markets to explore.
When it comes to accommodation, there are many hotels and resorts to choose from. However, it is important to book in advance to get the best deals.
When it comes to getting around Mauritius, there are many options. There are buses and taxis which are widely available. There are also car hire companies which can be used to explore the island.
Mauritius is a beautiful island and there are many things to see and do. It is important to plan your trip carefully to make the most of your time in Mauritius.
Is it safe in Mauritius?
In general, Mauritius is a very safe place to travel. There is a low level of crime, and most visitors experience no problems at all. However, as with any destination, it’s always a good idea to exercise caution and be aware of your surroundings.
USD/MUR Market Data
The below interactive chart displays the USD/MUR trend and UP▲ DOWN▼ HIGH▲ LOW▼ alerts
Frequently Asked Questions
What currency should I use in Mauritius?
The domestic currency in Mauritius is the Mauritian rupee.
What is the Mauritian rupee currency code and symbol?
The three letter currency code for the Mauritian rupee is MUR — symbol is ₨.
Which countries use the Mauritian rupee?
It is the domestic currency in Mauritius.
Is the Mauritian rupee a closed currency?
No, the Mauritian rupee is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and MUR?
Converted at USD/MUR interbank rate, compare Send Money and Currency Exchange exchange rates.
Send Money to Mauritius - Best Rates
To get a good (and fair) exchange rate when sending money to Mauritius you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Mauritius
When sending money to Mauritius it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Mauritian rupee amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted MUR amount will be transfered to the recipient account you specify in Mauritius.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Mauritian rupee deposited into the recipient bank account and less margins and fees kept by the banks!
Expat Money & Business Guide to Mauritius
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Mauritius.
What is the cost of living in Mauritius?
There is no definitive answer to this question as it can vary greatly depending on an individual's lifestyle and budget. However, some estimates place the cost of living in Mauritius at around $1,500-$2,000 per month. This would cover basic expenses such as accommodation, food, transportation, and utilities.
How is the expat life in Mauritius?
The expat life in Mauritius is pleasant and relaxed. Many people who move here find that they quickly develop a strong network of friends, both locals and other expats. There is a strong sense of community and everyone is generally very friendly and welcoming. There are plenty of things to do and see, and the weather is ideal all year round.
Any laws in Mauritius that foreigners should be aware of?
There are no unusual laws that foreigners should be aware of in Mauritius. However, visitors should be cautious of pickpockets and scams in tourist areas.
What is doing business like in Mauritius?
There is no easy answer when it comes to doing business in Mauritius. The business environment is complex, and multi-faceted. There are a number of factors that need to be taken into account when doing business in Mauritius, including the political and economic stability of the country, the level of infrastructure development, the availability of skilled labor, and the overall business climate.
How is the economy in Mauritius?
The economy in Mauritius is doing well. The GDP growth rate is projected to be around 3.5% in 2019. The inflation rate is low and stable, and the unemployment rate is around 7%.
Managing your finances in Mauritius
Here we list some key points for expats and businesses to consider when managing financial dealings in Mauritius:
Understand Mauritian rupee currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the MUR exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Mauritian rupee bank account: A local MUR bank account can make it easier for you to manage your finances and pay bills while you are in Mauritius. It may also be more convenient to use a local MUR bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Mauritius. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Mauritius. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Mauritius, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
