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.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

40 Maldivian Rufiyaa to British Pound exchange rates chart

40 MVR to GBP exchange rates graph
40 MVR to GBP 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.

40 MVR to GBP exchange rates table

Exchange MVR to GBP
40 Maldivian Rufiyaa = 2.032 British Pound
80 Maldivian Rufiyaa = 4.064 British Pound
200 Maldivian Rufiyaa = 10.160 British Pound
400 Maldivian Rufiyaa = 20.319 British Pound
Exchange Maldivian Rufiyaa to British Pound
40 Maldivian Rufiyaa to British Pound 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.

40 MVR to GBP 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.

conditional positive
PM Modi assures all help to Maldivian President Ibrahim Mohamed Solih

President Solih made it clear that he will endeavour to

conditional neutral
With eyes wide open

Chinese investment in South Asia brings both benefits and burdens

indicative neutral
HDC denies spending millions on President Yameen's campaign
HDC denies spending millions on President Yameen's campaign

Housing Development Corporation (HDC) on Thursday refuted allegations that the company had unlawfully spent millions on the re-election campaign of President Abdulla Yameen Abdul

indicative negative
GBP/JPY: British Pound jumps to 144.760 following the Brexit deal with EU; resistance ahead at 145.085

GBP/JPY: British Pound jumps to 144.760 following the Brexit deal with EU; resistance ahead at 145.085

conditional negative
Brace yourself for major Brexit-induced pound volatility

The UK pound is set for a period of major Brexit-induced volatility as prime minister Theresa May tries to convince her cabinet members and other members of parliament to back her draft Brexit deal with the European Union.

conditional neutral
Aussie dollar falls against pound, amid draft Brexit deal

The Australian dollar falls sharply after the UK and EU agree on draft text for a post-Brexit economic relationship. The ASX 200 is expected to fall at the open, after a weak session on European markets.

conditional negative

40 MVR to GBP currency converter