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Compare today's MVR to XCD (Maldivian Rufiyaa to East Caribbean Dollar) exchange rates

Maldives
Dominica
MVR

Interbank Exchange Rate: 1 MVR = 0.1750 XCD
Updated about an hour ago

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All you need to know about Maldivian Rufiyaa to East Caribbean Dollar money transfers

Easily compare money transfer providers in one place to send money from Maldives to Dominica. Send money overseas to your loved ones by comparing Maldivian Rufiyaa (MVR) to East Caribbean Dollar (XCD) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Maldives.

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If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest MVR to XCD Conversion Rates

Here are some latest MVR to XCD (Maldivian Rufiyaa to East Caribbean Dollar) exchange rates for popular conversion amounts*.

1 MVR0.18 XCD
5 MVR0.88 XCD
10 MVR1.75 XCD
25 MVR4.38 XCD
50 MVR8.75 XCD
100 MVR17.50 XCD
150 MVR26.25 XCD
200 MVR35.00 XCD
250 MVR43.75 XCD
300 MVR52.50 XCD
400 MVR70.00 XCD
500 MVR87.50 XCD
600 MVR105.00 XCD
700 MVR122.50 XCD
800 MVR140.00 XCD
1,000 MVR175.00 XCD
1,500 MVR262.50 XCD
2,000 MVR350.00 XCD
2,500 MVR437.50 XCD
3,000 MVR525.00 XCD
4,000 MVR700.00 XCD
5,000 MVR875.00 XCD
10,000 MVR1,750.00 XCD
15,000 MVR2,625.00 XCD
20,000 MVR3,500.00 XCD
30,000 MVR5,250.00 XCD
40,000 MVR7,000.00 XCD
50,000 MVR8,750.00 XCD
100,000 MVR17,500.00 XCD

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do Maldives to Dominica money transfers?

There are many good choices when it comes to sending money from Maldives to Dominica. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Maldivian Rufiyaa to XCD money transfers.

We compare different remittance companies to bring you the best options to send money to Dominica from Maldives. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Maldivian Rufiyaa to East Caribbean Dollar money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best rate to transfer money to Dominica from Maldives?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Maldives to Dominica transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your MVR to East Caribbean Dollar international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Maldivian Rufiyaa to East Caribbean Dollar exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way for transferring money to Dominica from Maldives?

Finding the cheapest way to send money from Maldives to Dominica might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer MVR to XCD via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Maldives to Dominica exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


Should I use my bank to send money from Maldives to Dominica?

Bank transfers have been a traditionally popular way to send money overseas from Maldives to Dominica. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the MVR to XCD exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Maldives bank for your Dominica money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money from Maldives to Dominica fast?

If you need to convert MVR to XCD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Maldives to Dominica could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Maldivian Rufiyaa to East Caribbean Dollar funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Dominica.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Maldives to Dominica. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to transfer money to Dominica from Maldives?

Since the Maldivian Rufiyaa to East Caribbean Dollar money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Maldives that may also be able to send money to Dominica. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your MVR to XCD money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Dominica gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Maldives to Dominica transaction.


Step by step guide to transfer money to Dominica from Maldives

There are many important aspects of Maldives to Dominica remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Maldives bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include XCD bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Maldivian Rufiyaa amount you want to send from Maldives.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Dominica to validate that they get the money once the transaction clears.