MVR · MVR
Maldivian Rufiyaa (MVR)
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, pegged to the US dollar. Learn about its history, denominations, and usage.
Convert this currency
Converted amount
0.0649 USD
Exchange rate
1 MVR = 0.064851 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
MVR · Maldivian Rufiyaa
Maldivian Rufiyaa (MVR) Overview
The Maldivian Rufiyaa (MVR) has been the official currency of the Republic of Maldives since 1981, replacing the Maldivian rupee. It is issued by the Maldives Monetary Authority (MMA) and is subdivided into 100 laari. The currency symbol is Rf, and its ISO code is MVR.
The rufiyaa is pegged to the US dollar at a rate of 12.85 MVR per USD, a peg that has been maintained for stability in the tourism-dependent economy. Banknotes are available in denominations of 5, 10, 20, 50, 100, 500, and 1000 rufiyaa, while coins are issued in 1, 2, 5, 10, 25, and 50 laari, as well as 1 and 2 rufiyaa.
As a popular tourist destination, the Maldives widely accepts US dollars, but the rufiyaa remains the legal tender for everyday transactions. Visitors are advised to exchange currency at banks or authorized exchange counters, and to check current exchange rates before traveling.
- Code
- MVR
- Symbol
- MVR
- Current rate
- USD / MVR
Currency information
Last updated · 8/7/2026
The Maldivian Rufiyaa was introduced in 1981, replacing the Maldivian Rupee at par.
- Official name
- Maldivian Rufiyaa
- Legal tender status
- Legal tender in the Republic of Maldives
- Decimal places
- 2
- Minor unit
- laari · 1 MVR = 100 laari
- Countries
- Maldives
- Issuing authority
- Maldives Monetary Authority
- Central bank
- Maldives Monetary Authority · Official website
- Exchange-rate regime
- Pegged to a basket of currencies, with the US dollar as the primary anchor.
Common banknotes
Rf 5 · Rf 10 · Rf 20 · Rf 50 · Rf 100 · Rf 500 · Rf 1000
Common coins
1 laari · 2 laari · 5 laari · 10 laari · 25 laari · 50 laari · Rf 1 · Rf 2
Also known as
Rufiyaa · Maldivian Rufiyaa · MVR · Rf
Practical notes
- The currency is issued by the Maldives Monetary Authority.
- The US dollar is widely accepted in tourist areas.
Priority currency pairs
The most useful conversions for this currency.
Maldivian Rufiyaa questions
What is the MVR exchange rate?
The displayed rate is the latest available reference rate for USD/MVR. It can change throughout the day.
How can I convert MVR online?
Use the converter above to calculate indicative amounts between MVR and the other supported currencies.