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MVR to USD - Maldivian Rufiyaa to US Dollar Converter

Convert Maldivian Rufiyaa to US Dollar with daily ECB exchange rates

1 MVR = ~0.0647 USD (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

This currency pair is highly volatile. Always check live rates before transactions.

This pair is sensitive to USD demand and Maldives tourism cycles. For quick estimates, 1 USD roughly corresponds to several MVR depending on rate movements.

Small rate moves can have outsized effects on large payments

⚠️ Always verify before transactions📊 Monitor rate trends🔔 Set rate alerts

Common MVR - USD Conversions

Forex Market Hours

Sydney
22:00 - 07:00 UTC
Closed
Tokyo
00:00 - 09:00 UTC
Closed
London
08:00 - 17:00 UTC
Closed
New York
13:00 - 22:00 UTC
Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

US monetary policy, inflation differentials, tourism and import activity, and global risk sentiment shape the rate. Market expectations and liquidity also drive short-term moves.

Economic Context

Trading Relationship

The Maldives relies on tourism and import activity. USD inflows support external payments, while local spending remains in MVR for day-to-day transactions. The pair influences budgeting for travelers and import costs for Maldivian businesses.

Key Rate Factors

  • •Fact 1: US Federal Reserve policy influences USD strength
  • •Fact 2: Inflation differentials between the US and Maldives
  • •Fact 3: Tourism receipts and import demand affecting external balances
  • •Fact 4: Global risk sentiment and USD liquidity
  • •Fact 5: Availability of US dollars in Maldives and remittance flows

Central Banks

Maldives Monetary Authority
Male, Maldives
Manages price stability and regulates banks; controls liquidity and currency arrangements.
Federal Reserve System
Washington, D.C., USA
Sets US monetary policy, targets inflation, and provides liquidity to the financial system.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates