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USD to MVR - Compare Exchange Rates

United States 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.

 

USD to MVR interbank exchange rate = 15.41

Right now the USD/MVR interbank exchange rate is 15.41. 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 United States Dollar.

This USD/MVR Converter calculates equivalent United States 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.

USD / MVR converter & margin calculator


$USD
.ރMVR
Mid-rates:
 

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Sending USD->MVR we recommend:

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1 Week USD to MVR
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United States Dollar

Maldivian Rufiyaa

1 USD 15.41 MVR
5 USD 77.05 MVR
10 USD 154.10 MVR
20 USD 308.20 MVR
50 USD 770.50 MVR
100 USD 1,541.00 MVR
250 USD 3,852.50 MVR
500 USD 7,705.00 MVR
1,000 USD 15,410.00 MVR
2,000 USD 30,820.00 MVR
5,000 USD 77,050.00 MVR
10,000 USD 154,100.00 MVR
50,000 USD 770,500.00 MVR
100,000 USD 1,541,000.00 MVR
See more

United States Dollar

Maldivian Rufiyaa

0.0649 USD 1 MVR
0.3245 USD 5 MVR
0.6489 USD 10 MVR
1.2979 USD 20 MVR
3.2447 USD 50 MVR
6.4893 USD 100 MVR
16.22 USD 250 MVR
32.45 USD 500 MVR
64.89 USD 1,000 MVR
129.79 USD 2,000 MVR
324.47 USD 5,000 MVR
648.93 USD 10,000 MVR
3,244.65 USD 50,000 MVR
6,489.30 USD 100,000 MVR
See more

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United States Dollar to Maldivian Rufiyaa (USD-MVR) - 10 Year History

The below table shows the historic variation in the USD/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 USD versus other currencies : USD historical charts.

DateExchange RatePeriodChange
23 Apr 201915.4100Latest
16 Apr 201915.35501 Week+0.36%
24 Mar 201915.50001 Month-0.58%
25 Oct 201815.45006 Months-0.26%
23 Apr 201815.46001 Year-0.32%
23 Apr 201715.40992 Years0%
24 Apr 201415.42445 Years-0.09%
25 Apr 200912.802510 Years+20.37%

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

The USD/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 USD / 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 USD/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 USD to MVR exchange rate

  1. Know the latest USD/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 United States 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 USD vs MVR, you should pay attention to both United States Dollar and Maldivian Rufiyaa news and forecasts.

United States Dollar (USD) - Market news and forecasts

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Maldivian Rufiyaa (MVR) - Market news and forecasts

No recent Maldivian Rufiyaa market updates.