A practical currency and money guide to travel, living and doing business in Moldova and the Moldovan leu (MDL).
What's in this Moldova currency guide:
The official currency of Moldova (country code: MD) is the Moldovan leu, with symbol L and currency code MDL.
The Moldovan leu (MDL) is the official currency of Moldova, a country located in Eastern Europe. Here are a few things to know about the Moldovan leu:
As one of Europe’s least visited countries, Moldova retains a certain off-the-beaten-track charm. But even that’s changing as budget flights from London and other European cities make the lively capital, Chişinău, a popular weekend break. Tree-lined Chisinau is one of Eastern Europe’s wildest party capitals where you’ll never be far from a glass of excellent Moldovan wine. East of Chisinau is the self-declared republic of Transnistria, a flashback to Soviet-style communism, which has its own currency, police force, army and independence day.
Here we list some key points for expats and businesses to consider when managing financial dealings in Moldova:
Understand Moldovan leu currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the MDL 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 Moldovan leu bank account: A local MDL bank account can make it easier for you to manage your finances and pay bills while you are in Moldova. It may also be more convenient to use a local MDL 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 Moldova. 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 Moldova. 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 Moldova, 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.
The exchange rate of Moldovan leu (MDL), or the amount of MDL that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/MDL rate plus recent trend, chart, and historic rates.
Date | USD/MDL | Change | Period |
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10 Mar 2023 | 18.65 | 0.9% ▼ | 2 Week |
24 Dec 2022 | 19.20 | 3.7% ▼ | 3 Month |
24 Mar 2022 | 18.38 | 0.5% ▲ | 1 Year |
25 Mar 2018 | 16.51 | 11.9% ▲ | 5 Year |
26 Mar 2013 | 12.37 | 49.4% ▲ | 10 Year |
29 Mar 2003 | 14.50 | 27.4% ▲ | 20 Year |
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Moldova or planning a trip or maybe living there, so will need to exchange and spend Moldovan leu.
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It is important to note that the exchange rate of the Moldovan leu can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect MDL exchange rates before making any financial decisions.