What is the Maldivian Rufiyaa worth against the Bangladeshi Taka today?

1 MVR is worth 7.204 BDT today

How much is 500 MVR worth in BDT?

At the current exchange rate of 7.204 , a sum of 500 Maldivian Rufiyaa is worth 3,602 Bangladeshi Taka.

Which currency is stronger? MVR or BDT?

The Maldivian Rufiyaa is currently stronger than the Bangladeshi Taka given that 1 MVR is equal to 7.204 BDT. Conversely, 1 BDT is worth 0.139 MVR.

Overview of MVR to BDT Performance and Trends

Today, to buy 500 Maldivian Rufiyaa, you need 3,602 Bangladeshi Taka. On the same date last year, you needed 3,433.5 Bangladeshi Taka for 500 Maldivian Rufiyaa. This change indicates that the Maldivian Rufiyaa has become stronger against the Bangladeshi Taka by 4.95% over the past year.

The pair experienced moderate volatility of 5.13%.

Moderate volatility means there is a moderate risk of price changes. It represents a balance of potential gains and risks.

MVR to BDT Currency Performance and Volatility

Last 7 Days

• Performance: Rf500 varied between ৳7.092 (weekly low) and ৳7.207 (weekly high), a variance of ৳0.115 .
• Volatility: Fluctuated by 1.62%.

Last 30 Days

• Performance: Rf500 varied between ৳7.092 (30-day low) to ৳7.209 (30-day high), a variance of ৳0.117 .
• Volatility: Fluctuated by 1.65%.

Last 90 Days

• Performance: Rf500 varied between ৳7.096 (90-day low) to ৳7.216 (90-day high), a variance of ৳0.12 .
• Volatility: Fluctuated by 1.69%.

Last Year

• Performance: Rf500 ranged from ৳6.864 (yearly low) to ৳7.216 (yearly high), a variance of ৳0.352 .
• Volatility: Fluctuated by 5.13%.

MVR to BDT Forecast and trending

Is the Maldivian Rufiyaa going up or down against the Bangladeshi Taka?

Today's MVR to BDT exchange rate (7.115) is higher compared to yesterday's rate (7.106).

Understanding MVR to BDT Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Maldivian Rufiyaa to Bangladeshi Taka, to send a payment, for a trip overseas, when shopping online or to hold a balance in Bangladeshi Taka.

How to convert MVR to BDT?

You can convert Maldivian Rufiyaa to Bangladeshi Taka either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Bangladeshi Taka in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

• Choose an exchange service that suits your needs
• Head there with the money in Maldivian Rufiyaa cash to exchange
• Get a quote for the exchange rate and any commission or fee you need to pay
• Hand over your money and receive your Bangladeshi Taka in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

• Choose an international payment service that suits your needs and head to their desktop site, or download their app
• Tap Send Payment
• Enter the amount in Maldivian Rufiyaa you want to send, or the amount in Bangladeshi Taka you want your recipient to get in the end
• You'll be shown a quote for the exchange rate and any commission or fee you need to pay
• Choose your preferred payment method, and follow the prompts to pay
• Your money will be deposited to your recipient's bank account directly, in Bangladeshi Taka

How to get the best MVR to BDT exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best MVR to BDT exchange rate for your specific transaction.

Get to know the MVR/BDT mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the MVR/BDT mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Maldivian Rufiyaa and Bangladeshi Taka. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy Maldivian Rufiyaa with Bangladeshi Taka?

You'll be able to exchange Bangladeshi Taka to Maldivian Rufiyaa in the same way as you'd exchange Maldivian Rufiyaa to Bangladeshi Taka. If you have Bangladeshi Taka in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Bangladeshi Taka. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold Maldivian Rufiyaa in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange MVR to BDT?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.