Currency Exchange in Maldives : Complete Travel Money Guide

The Maldives is a gorgeous country to visit. However, it is important to know about currency exchange in the Maldives before you pack your bags for this beautiful island country. This will ensure you a relaxed and smooth tropical gateway. This article is your one-stop guide to learn about the payment methods and currency exchange rates in the Maldives, ensuring you’re financially prepared for your Maldives holiday.

Key Takeaways

• US Dollars (USD) are king: Most resorts, restaurants, and tourist services accept USD directly, making it the most practical currency for travellers.
• Maldivian Rufiyaa (MVR) for local experiences: Essential for public transport, local cafes, and shopping on inhabited islands like Maafushi or Male
• Multiple exchange options available: Airport counters, major banks, and resort reception desks offer currency exchange services
• Digital payments are widely accepted: Credit cards work at most resorts and upscale establishments, while ATMs are available in Male and major populated islands.
• Plan your cash needs by location: Resort islands operate differently from local islands when it comes to currency acceptance and payment methods.

Understanding Maldivian Currency (MVR vs INR)

What is the Local Currency in Maldives?

The official currency of the Maldives is the Maldivian Rufiyaa (MVR), also written as Rf. For Indian travellers, the exchange rate is around 1 MVR = 5.40 INR, as of September 2025. 

It is advisable to check the Maldives currency exchange rates during your visit to this beautiful tropical paradise, as rates fluctuate based on global market conditions.

Best Currency to Carry to the Maldives: USD or MVR?

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US Dollars: The Universal Choice

The U.S. dollar remains the most commonly used currency and can be easily used if you wish to participate in the Maldives activities.

When to Use Maldivian Rufiyaa (MVR)

Local currency becomes essential while buying authentic Maldives souvenirs from the local markets or having an island-hopping expedition in the Maldives. 

• Public transportation: Ferries between the islands cost Rs. 86 to Rs. 345 (15-60 MVR) one way.
• Local cafes and tea shops: Meals range from Rs. 150 to Rs. 400 (25-70 MVR) in local establishments.

Where to Exchange Money in the Maldives

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Currency Exchange at Male Airport (Velana International Airport)

The Velana International Airport in Male is the gateway point for international travellers and offers the most convenient Maldives money exchange options upon arrival.

• Bank of Maldives Foreign Exchange Counter: Located in the Arrival Hall, open for all international flights
• Exchange rates: Competitive market rates.
• Currencies accepted: USD, EUR, GBP, SGD and major Asian currencies, including INR.
• Operating hours: According to flight schedules

Banks in Male for Currency Exchange

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Several major banks provide currency exchange services in the capital.

Bank of Maldives (BML)

• Multiple branches with dedicated foreign exchange counters in the Maldives.
• Competitive rates for major currencies

State Bank of India

• Located in the Male city centre
• Offers INR to MVR/USD exchange services

HSBC Maldives

• Premium banking services with quick exchange
• Located in the Marine Drive area

Resort and Hotel Currency Exchange Options

The best resorts in the Maldives offer currency exchange at reception desks with a 2-3% service charge. This option works well for emergency exchanges.

Digital Payments and ATM Access in the Maldives

Credit Card Usage in Resorts and Local Islands

Major credit cards (Visa, Mastercard, American Express) are widely accepted at:

• Resort restaurants and spas
• Upscale restaurants in Male and Hulhumale
• Tour operators and dive centres
• Airport shops and duty-free stores

ATM Locations in Male, Hulhumale, and Resorts

The ATMs are placed strategically in the populated areas.

• Male: Multiple ATMs near the fish market, Republican Square and Marine Drive
• Airport: Several ATMs in both arrival and departure areas
• Hulhumale: ATMs near the ferry terminal and main commercial areas
• Major resort islands: The luxury resorts have ATMs for the visitors.

How Much Money to Carry for Maldives Trip

Money Tips for Resort Island Stays

• Bring in cash for spa services and excursions
• Resort shops typically accept MVR and major cards
• Seaplane transfers in the Maldives often require payment using the local currency.

Budgeting for Local Island Exploration

• Budget approximately Rs. 860 to Rs. 1,430 (150-250 MVR) per day for meals and transport.

Maldives Travel Costs: What to Expect

Transportation Costs in Maldives

The Maldives transportation system is very well connected with all the top Maldives cities. 

• Public ferries: Rs. 100 to Rs. 345 (15-60 MVR) depending on distance and route 
• Male taxis: Rs. 145 to Rs. 200 (25-30 MVR) for any destination within the city 
• Airport bus: Rs. 60 (10 MVR) from the airport to the Male ferry terminal 
• Speedboat transfers: Rs. 290 to Rs. 860 (50-150 USD) per person for resort transfers

Dining and Shopping Costs in Maldives

Experience the authentic island life by having a bite of the best Maldivian food. 

• Local restaurants: Rs. 140 to Rs. 400 (25-70 MVR) for basic meals 
• Resort dining: Rs. 230 to Rs. 460 (40-80 USD) per person for dinner 
• Street food: Rs. 60 to Rs. 140 (10-25 MVR) for local snacks and drinks
• Souvenir and Shopping Expenses: Rs. 120 to Rs. 1,150 (20-200 MVR) depending on item

Currency Exchange Tips for Tourists

Smart Currency Exchange Strategies

• Avoid converting large amounts at once, as currency rates fluctuate, and one may find better deals.
• Keep receipts from currency exchanges for accounting and potential reverse exchanges before departure.
• Never change money at a hotel or small shops, as they usually have higher rates than the banks or official counters.
• Inform your bank about travelling to avoid blocking your card when making international transactions.

Emergency Money Solutions in Maldives

• Bank of Maldives and HSBC can assist with emergency card services for their partner networks.
• Resort managers can often help coordinate with banks for emergency financial services.
• Most resorts offer cash services on credit, with an applied fee.

Final Word: Best Money Exchange Strategy for Maldives Holidays

Currency Exchange in the Maldives works best when you exchange a portion of your total budget to MVR upon arrival at the airport and keep the majority amount, as you can find better deals. Plan for approximately Rs. 1,150 to Rs. 2,870 (200-400 MVR) for a week-long trip. Plan your dream travel to this tropical destination with Pickyourtrail’s Maldives Holiday Package or Maldives Honeymoon Package to have the best travel experience.

FAQs on Currency Exchange in Maldives

What is the best currency to take to Maldives?

Most resorts, restaurants, and tourist services accept USD directly. However, carry some Maldivian Rufiyaa (MVR) for local transportation, street food and authentic local experiences on inhabited islands.

Can I use my credit card everywhere in Maldives?

Credit cards (Visa, Mastercard, American Express) work at most resorts, upscale restaurants, and tourist-oriented businesses. However, local cafes, public transportation, and small shops on local islands typically require cash. ATMs are available in Male and major populated areas.

Where can I exchange money at the Maldives airport? 

The Bank of Maldives Foreign Exchange Counter in the Arrival Hall at Velana International Airport is the primary option. It operates during all international flight arrivals and accepts major currencies, including USD, EUR, GBP and INR, with competitive exchange rates.

How much cash should I carry for a week in the Maldives? 

For a week-long trip, budget Rs. 1,150 to Rs. 2,870 (200-400 MVR), depending on your accommodation style. Resort guests need less local currency, while those staying in guesthouses or exploring local islands should carry more MVR for daily expenses.

Is it better to exchange money before travelling or in the Maldives? 

Exchange money upon arrival in the Maldives for better rates and convenience. The airport exchange counter offers competitive rates, and you’ll have a clearer idea of how much local currency you actually need based on your planned activities and accommodation type.