Maldivian Rufiyaa
(MVR) Insights
Currency of Indian Ocean island nation; ~100% dependent on tourism and fisheries for FX; one of world's most tourism-dependent economies; existential threat from sea level rise (average elevation 1.5m); Chinese and Indian geopolitical competition; significant USD use in resort economy
Live Data Feed
MVR Live Converter
Last Update
Authenticating...
Send Exactly
Recipient Gets
—
Real-time interbank rate: Live data unavailable
Currency Snapshot
Technical specifications, central bank governance, and market standing for Maldivian Rufiyaa.
MVR
Standardized ISO 4217 Currency Code
Rf
Unicode Glyphs & Display Symbol
1/100 = Laari Decimals
Subdivision unit definition
Maldives
Maldives Monetary Authority (MMA)
Maldives Monetary Authority (MMA)
—
Market-determined exchange rate mechanism
Currency Standard: Fiat (managed against USD)
Classified as Fiat (managed against USD) in global trade networks
Banknotes
Rf 5
Coins
1L
Global Network Integration
The FX Intelligence terminal maps the institutional footprint of the Maldivian Rufiyaa, highlighting cross-border utilization and primary trading corridors.
Verified Authority
Regulated data streams mapped to Maldives Monetary Authority (MMA).
MVR Market Insights
Deep-dive analysis of the Maldivian Rufiyaa's global impact, remittance role, and institutional influence.
Strong Currency Impact
N/A (managed peg); cheaper imports; lower tourism revenues in MVR
Weak Currency Impact
N/A (managed peg); higher tourism revenues; FX reserves build; import costs manageable
Remittance Role
Maldives sends modest remittances; receives significant flows from migrant construction and service workers from India, Bangladesh, Sri Lanka
Central Bank Tools
Reserve Requirements, FX interventions, Banking supervision
Common Questions About Maldivian Rufiyaa
Everything you need to know about MVR exchange rates, banknotes, and historical significance.