Maldivian Rufiyaa

Maldivian Rufiyaa

The Maldivian rufiyaa (Dhivehi: ދިވެހި ރުފިޔާ; sign: Rf or .ރ; code: MVR) is the currency of the Maldives. The issuance of the currency is controlled by the Maldives Monetary Authority (MMA). The most commonly used symbols for the rufiyaa are MRF and Rf. The ISO 4217 code for Maldivian rufiyaa is MVR. The rufiyaa is subdivided into 100 laari. The name "rufiyaa" is derived from the Sanskrit रूप्य (rūpya, wrought silver). The midpoint of exchange rate is 12.85 rufiyaa per US dollar and the rate is permitted to fluctuate within a ±20% band, i.e. between 10.28 rufiyaa and 15.42 rufiyaa as of 10 April 2011.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

1 Maldivian Rufiyaa to South African Rand exchange rates chart

1 MVR to ZAR exchange rates graph
1 MVR to ZAR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 MVR to ZAR exchange rates table

Exchange MVR to ZAR
1 Maldivian Rufiyaa = 0.885 South African Rand
2 Maldivian Rufiyaa = 1.770 South African Rand
5 Maldivian Rufiyaa = 4.424 South African Rand
10 Maldivian Rufiyaa = 8.848 South African Rand
Exchange Maldivian Rufiyaa to South African Rand
1 Maldivian Rufiyaa to South African Rand Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 MVR to ZAR exchange rates news

Maldives' Opposition-Aligned TV Channel Appeals for Help After Regulator Imposes Heavy Fines

Raajje TV has been charged under the Maldives' new and tougher defamation law, which the international community has described as posing a threat to the media, opposition and freedom of speech.

about 2 months conditional positive
Maldives opposition seeks to bar president from leaving country

Lawyers ask police to stop defeated President Abdulla Yameen from leaving country over corruption allegations.

3 months indicative neutral
Maldives debut sovereign bond could hurt private sector borrowing - opposition

The Maldives government's move to raise a $200 million via a debut sovereign bond could hurt the private sector's foreign borrowing, the main opposition said on Saturday.

over 1 year conditional negative
Maldives hit by anti-government protests
Maldives hit by anti-government protests

As tiny archipelago nation in Indian Ocean struggles with inflation, anti-government protesters clash with police

over 1 year subjunctive neutral
Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 2 months conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive

1 MVR to ZAR currency converter