MVR 100 = INR 563.124
Convert1 MVR = 5.63124 INR | 1 INR = 0.17758 MVR
Last Updated Feb 14, 5:30 ISTOur converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.
MVR to INR Exchange Rate Chart
1 MVR = 5.63124 INR
The exchange value of 100 MVR in Indian Rupee is 563.124 INR as on Feb 14.
You can check the exchange rate of 100 Maldivian Rufiyaa to Indian Rupee by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 100 MVR to INR online is as follows:.
There are several online ways to convert MVR to INR.
Most banks in India allow MVR to INR conversion through their internet banking or mobile apps.
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Apps like Wise, PayPal, and Western Union allow MVR to INR conversion quickly.
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A Forex card is a prepaid card that holds multiple currencies, including MVR.
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Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.
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There are several offline methods to exchange MVR to INR. Let‘s explore them.
1. Banks
Banks offer currency exchange services at competitive rates. You need to visit a branch with your MVR cash and exchange it for INR.
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Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline MVR to INR conversion.
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Airports have forex counters where travelers can exchange MVR to INR.
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Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange MVR to INR at a Hotel or Travel Agency:
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In busy markets and tourist spots, you may find local money changers who exchange MVR for INR
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Most offline exchanges require identity proof. Here are the common documents needed:
Document Type | Required For |
---|---|
Passport | All exchanges (mandatory for foreigners) |
Always carry a valid ID when exchanging currency.
Method | Exchange Rate | Transfer Fee | Availability | Speed |
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Bank Transfer | Low | Low | Limited hours | 1-3 days |
Any Third Party App | High | Low | 24/7 | Instant/Few minutes |
Forex Card | Medium | Low | 24/7 | Instant |
Crypto Exchange | High | Low | 24/7 | Few minutes |
Exchange Centers | Good | Medium | Widely available | Few minutes |
Airport Counters | High | High | 24/7 at airports | Few minutes |
Hotels/Agencies | Very High | Medium | Only for guests | Few minutes |
Local Money Changers | Varies | Low | Risky but quick | Few minutes |
Converting Maldivian Rufiyaa (MVR) to Indian Rupee (INR) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:
MVR is a strong and widely traded currency. If the exchange rate is favorable, converting MVR to INR can give you more value for your money.
Since 1 MVR equals a significantly higher amount in INR, converting MVR to INR increases your purchasing power, allowing you to afford more goods and services in India.
If you‘re an NRI, tourist, or returning from the Maldives (Maldive Islands), converting MVR to INR ensures you have local currency for daily expenses, shopping, and travel within India.
Converting MVR to INR can help you invest in India assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Maldives (Maldive Islands) markets.
Using a direct MVR to INR conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.
For businesses involved in international trade, converting MVR to INR at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.
By choosing the right conversion method and timing, you can maximize the benefits of MVR to INR exchange.
Source of the rates:apilayer.com