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Currency Exchange in the Maldives: Travel Hassle-Free!

By Farheen - August 31, 2020
maldives

The most important part about travelling to another country and a completely new nation is money. Understanding how much cash to carry in hand and how to much to exchange beforehand is a big task. It can be confusing to understand how to get foreign currency. However, put your worries away by reading this article. Continue down below for everything you need to know about currency exchange in the Maldives. All the solutions to your problems and solutions lie in this one-stop guide on currency exchange in the Maldives.

Male Maldives
Credits: Unsplash

What is the local currency in the Maldives?

The local currency used widely in the Maldives is Maldivian Rufiyaa. One Maldivian Rufiyaa equals to 4.78 Indian Rupee as per the current exchange rate.

What is the currency to carry to the Maldives?

Currency Exchange in the Maldives
Credits: Unsplash

Since the Maldives is widely a tourist destination, most travel costs are billed in major currencies used worldwide. The most extensively used currencies are USD, GBP and EUR. However, out of these, USD continues to be the most generally accepted currency used in the resort islands. This is where most tourists travel to in the Maldives. USD is accepted by the restaurants and guest homes in some of the Public Islands. Hence, we advise you to to carry cash in USD. This is the most important information you must know about currency exchange in the Maldives.

How much amount should you carry to the Maldives?

There are many factors that affect how much money you must carry during your Maldives trip. How long your stay is, where you are staying, how much street shopping do you intend to do etc. play a big factor in this decision. It is not impossible to do a trip without fretting out currency exchange in the Maldives. Find below the common price you should know of common goods so you can plan your finances.

  • A 1.5-litre water bottle can be bought in the market for about MVR 8.
  • A three-course meal in a mid-range establishment for a couple is priced at about MVR 400. However, a meal in a low-priced restaurant will cost about MVR 70.
  • A one-way pass in the public transport is about MVR 15, while taxis in Male charge MVR 20 for any amount of distance. Ferries cost around MVR 60 for a five-hour-long trip.
  • A mid-range bottle of wine in the Maldives is charged at around MVR 1045 while a pack of  Marlboro cigarettes in Male will cost you MVR 60.

How and where to exchange money?

The Bank of Maldives Foreign Exchange counter, which is situated in the Arrival Hall is the easiest and committed foreign exchange counter. Only significant currencies are exchanged for the local currency here. It is best to know beforehand by consulting a travel agent if your money will be exchanged here.

There are some banks such as the State Bank of India, Bank of Ceylon, and HSBC established in Male and big populated islands where you can exchange currency. However, do not forget that bank queues can be long and you will have to wait a long time.

In conclusion, now you know everything about currency exchange in the Maldives. Time to get packing and lookout for some of the Maldives holiday packages by Pickyourtrail and book your dream holiday asap! Also, feel free to leave a Whatsapp inquiry for any further queries.

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