Foreign exchange guide to Moldova and the Moldovan leu
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:
Save money and time by Ordering your Moldovan leu online from Travelex, you get better rates and can pick up the MDL 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 Moldovan leu otherwise you may get much worst exchange rates.
Moldova, nestled between Romania and Ukraine, is one of Europe's least explored destinations, boasting a rich history, undulating landscapes, and a burgeoning wine industry. If you're planning a visit, understanding your travel money options is essential. Here's a guide to help you navigate Moldova's financial landscape.
Cash vs. Cards:
Sim Cards & Mobile Data: For longer stays, consider buying a local prepaid SIM card to access affordable mobile data and local calls. Moldova has good mobile coverage, with several competitive providers.
Traveling to Moldova offers an authentic Eastern European experience. While modern conveniences are available, especially in urban areas, being prepared with the right travel money tips ensures a smoother journey. As always, before traveling, notify your bank of your travel dates to avoid any card interruptions and enjoy the beauty and culture of this hidden gem. Safe travels!
The domestic currency in Moldova is the Moldovan leu.
The three letter currency code for the Moldovan leu is MDL — symbol is L.
It is the domestic currency in   Moldova.
No, the Moldovan leu is freely available and convertible. See guide: What is a closed currency?
|$ 1||L 17.65|
|$ 5||L 88.25|
|$ 10||L 176.50|
|$ 20||L 353.00|
|$ 50||L 882.50|
|$ 100||L 1,765|
|$ 250||L 4,413|
|$ 500||L 8,825|
|$ 1,000||L 17,650|
|$ 2,000||L 35,300|
|$ 5,000||L 88,250|
|$ 10,000||L 176,500|
|$ 20,000||L 353,000|
|$ 50,000||L 882,500|
|$ 100,000||L 1,765,000|
|$ 0.0567||L 1|
|$ 0.2833||L 5|
|$ 0.5666||L 10|
|$ 1.1332||L 20|
|$ 2.8330||L 50|
|$ 5.6660||L 100|
|$ 14.17||L 250|
|$ 28.33||L 500|
|$ 56.66||L 1,000|
|$ 113.32||L 2,000|
|$ 283.30||L 5,000|
|$ 566.60||L 10,000|
|$ 1,133||L 20,000|
|$ 2,833||L 50,000|
|$ 5,666||L 100,000|
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.
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 :
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!
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 Moldova.
Guide to Business and Expat Life in Moldova
Moldova, a charming country located in Eastern Europe, is a blend of cultures, landscapes, and opportunities. If you're considering relocating for business or as an expat, here's a comprehensive guide to help you adapt and thrive in Moldova.
Language: While Romanian (similar to Latin-based languages) is the official language, Russian is also widely spoken, especially in business contexts. English is increasingly popular among younger professionals.
Business Etiquette: Punctuality is crucial. Initial meetings are formal and begin with a handshake. It’s essential to establish personal relationships in business.
Economic Landscape: Moldova has a predominantly agricultural economy, with wine production being a significant export. The IT sector is growing, and there are investment opportunities in textiles, manufacturing, and telecommunications.
Accommodation: The capital, Chișinău, offers a variety of accommodation options from modern apartments to traditional houses. While city center accommodations are more expensive, they're also more convenient.
Cost of Living: Moldova is among the more affordable European countries. However, as an expat, your lifestyle choices can influence costs. Local produce and goods are cheap, while imported items are pricier.
Healthcare: The healthcare system in Moldova is under development. While basic medical services are available, it's advisable for expats to have comprehensive health insurance and consider medical evacuation coverage.
Education: There are international schools in Chișinău catering to expat families, offering curricula in English and other languages.
Local Culture: Moldovans are known for their hospitality. Traditional events and festivals, especially related to wine, are a significant part of the culture.
Cuisine: Moldovan cuisine is a mix of Eastern European influences. Popular dishes include "mămăligă" (cornmeal), "sarmale" (cabbage rolls), and local wines are a must-try.
Entertainment & Leisure: Chișinău has theaters, museums, and galleries. The countryside offers scenic beauty, monasteries, and vineyards.
Public Transport: Buses and minibuses ("rutiere") are commonly used. They're affordable but might be crowded during peak times.
Driving: The road infrastructure varies, with main routes being in better condition than rural roads. It's essential to be cautious, especially in winter or at night.
Expat Groups: There are expat communities, particularly in Chișinău. Joining such groups can help newcomers settle and network.
Local Partnerships: Engaging with local businesses and community organizations can provide vital insights and open doors for professional opportunities.
Bureaucracy: Dealing with administrative tasks can be time-consuming, so patience is crucial.
Language Barrier: Investing time in learning basic Romanian or Russian can facilitate smoother interactions.
Moldova offers a blend of traditional charm and emerging opportunities. For business professionals and expats, it's a location that requires an open mind, adaptability, and a sense of adventure. As with any relocation, thorough research and local connections are key to a successful transition.
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.