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AUD to MVR - Compare Exchange Rates

Australian Dollar to Maldivian Rufiyaa - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AUD to MVR interbank exchange rate = 11.0184

Right now the AUD/MVR interbank exchange rate is 11.0184. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Maldivian Rufiyaa to Australian Dollar.

This AUD/MVR Converter calculates equivalent Australian Dollar to Maldivian Rufiyaa amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

AUD / MVR converter & margin calculator


$AUD
.ރMVR
Mid-rates:
 
Sending AUD->MVR we recommend:

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1 Week AUD to MVR
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Australian Dollar

Maldivian Rufiyaa

1 AUD 11.02 MVR
5 AUD 55.09 MVR
10 AUD 110.18 MVR
20 AUD 220.37 MVR
50 AUD 550.92 MVR
100 AUD 1,101.84 MVR
250 AUD 2,754.60 MVR
500 AUD 5,509.20 MVR
1,000 AUD 11,018.40 MVR
2,000 AUD 22,036.80 MVR
5,000 AUD 55,092.00 MVR
10,000 AUD 110,184.00 MVR
50,000 AUD 550,920.00 MVR
100,000 AUD 1,101,840.00 MVR
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Australian Dollar

Maldivian Rufiyaa

0.0908 AUD 1 MVR
0.4538 AUD 5 MVR
0.9076 AUD 10 MVR
1.8151 AUD 20 MVR
4.5379 AUD 50 MVR
9.0757 AUD 100 MVR
22.69 AUD 250 MVR
45.38 AUD 500 MVR
90.76 AUD 1,000 MVR
181.51 AUD 2,000 MVR
453.79 AUD 5,000 MVR
907.57 AUD 10,000 MVR
4,537.85 AUD 50,000 MVR
9,075.70 AUD 100,000 MVR
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Australian Dollar to Maldivian Rufiyaa (AUD-MVR) - 10 Year History

The below table shows the historic variation in the AUD/MVR exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of AUD versus other currencies : AUD historical charts.

DateExchange RatePeriodChange
20 Mar 201910.9934Latest
13 Mar 201910.95141 Week+0.38%
18 Feb 201911.01841 Month-0.23%
21 Sep 201811.24626 Months-2.25%
20 Mar 201811.88021 Year-7.46%
20 Mar 201711.92242 Years-7.79%
21 Mar 201413.98275 Years-21.38%
22 Mar 20098.805010 Years+24.85%

Why can't I just get the AUD/MVR market rate I see on Google or in the Media?

The AUD/MVR mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / MVR was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market AUD/MVR midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good AUD to MVR exchange rate

  1. Know the latest AUD/MVR market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Australian Dollar and Maldivian Rufiyaa

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs MVR, you should pay attention to both Australian Dollar and Maldivian Rufiyaa news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Maldivian Rufiyaa (MVR) - Market news and forecasts

No recent Maldivian Rufiyaa market updates.