Currency in Moldova: MDL Send & Spend FX Guide
Resources for Expats, Travelers and Entrepreneurs Navigating Life and Trade in Moldova with the Moldovan leu.
What's in this Moldova currency guide?
What currency is used in Moldova?
The official currency of Moldova (country code: MD) is the Moldovan leu, with symbol L and currency code MDL.
What is a good Moldovan leu exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
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Frequently Asked Questions
What currency should I use in Moldova?
The domestic currency in Moldova is the Moldovan leu.
What is the Moldovan leu currency code and symbol?
The three letter currency code for the Moldovan leu is MDL — symbol is L.
Which countries use the Moldovan leu?
It is the domestic currency in Moldova.
Is the Moldovan leu a closed currency?
No, the Moldovan leu is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and MDL?
Here are some popular conversion amounts for USD to MDL (US dollar to Moldovan leu)*.
*Converted at the current USDMDL interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Travel money for Moldova
Using Wise for Moldovan leu travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Moldovan leu otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Moldovan leu cash before departure, you can save money by ordering online. You generally get better rates and can pick up the MDL cash locally or even on travel day at the airport.
USD/MDL Market Data
The below interactive chart displays the USD/MDL change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to Moldova - Best Rates
To get a good (and fair) exchange rate when sending money to Moldova 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 Moldova
When sending money to Moldova 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 Moldovan leu 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 MDL amount will be transfered to the recipient account you specify in Moldova.
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 Moldovan leu deposited into the recipient bank account and less margins and fees kept by the banks!
