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Compare today's MVR to ISK (Maldivian Rufiyaa to Icelandic Krona) exchange rates

Maldives
Iceland
MVR

Interbank Exchange Rate: 1 MVR = 7.9457 ISK
Updated about an hour ago

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All you need to know about Maldivian Rufiyaa to Icelandic Krona money transfers

Easily compare money transfer providers in one place to send money from Maldives to Iceland. Send money overseas to your loved ones by comparing Maldivian Rufiyaa (MVR) to Icelandic Krona (ISK) 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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Latest MVR to ISK Conversion Rates

Here are some latest MVR to ISK (Maldivian Rufiyaa to Icelandic Krona) exchange rates for popular conversion amounts*.

1 MVR7.95 ISK
5 MVR39.73 ISK
10 MVR79.46 ISK
25 MVR198.64 ISK
50 MVR397.29 ISK
100 MVR794.57 ISK
150 MVR1,191.86 ISK
200 MVR1,589.14 ISK
250 MVR1,986.43 ISK
300 MVR2,383.71 ISK
400 MVR3,178.28 ISK
500 MVR3,972.85 ISK
600 MVR4,767.42 ISK
700 MVR5,561.99 ISK
800 MVR6,356.56 ISK
1,000 MVR7,945.70 ISK
1,500 MVR11,918.55 ISK
2,000 MVR15,891.40 ISK
2,500 MVR19,864.25 ISK
3,000 MVR23,837.10 ISK
4,000 MVR31,782.80 ISK
5,000 MVR39,728.50 ISK
10,000 MVR79,457.00 ISK
15,000 MVR119,185.50 ISK
20,000 MVR158,914.00 ISK
30,000 MVR238,371.00 ISK
40,000 MVR317,828.00 ISK
50,000 MVR397,285.00 ISK
100,000 MVR794,570.00 ISK

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


What's the best way to send money from Maldives to Iceland?

With the global remittance market booming, there are so many choices for Maldivian Rufiyaa to ISK money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Iceland from Maldives. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final ISK amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for your money transfers from Maldives to Iceland?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Iceland from Maldives. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your MVR to Icelandic Krona money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Maldives to Iceland corridor to give you more good choices for your next ISK money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Iceland from Maldives?

The final amount your recipient gets when you send MVR to ISK is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Maldives to Iceland used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Icelandic Krona is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Maldivian Rufiyaa to Iceland exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to transfer money from Maldives to Iceland?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Maldives to Iceland money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like MVR to ISK transfers.

Given this, there are umpteen additional options to send money to Iceland instead of just your Maldives bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Maldivian Rufiyaa even more so that your recipient in Iceland gets the maximum amount.


How to send money from Maldives to Iceland fast?

The first thing to do when you need to convert MVR to ISK quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Maldivian Rufiyaa and Icelandic Krona. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Maldives to Iceland remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Iceland.


Which are the best money transfer companies to send money from Maldives to Iceland?

The first step in selecting the best money transfer operators for Maldives to Iceland remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Maldivian Rufiyaa to Icelandic Krona money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Iceland.


Step by step guide to transfer money to Iceland from Maldives

The first step to send money to Iceland from Maldives is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your MVR to ISK overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Iceland if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Maldives bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Iceland!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Maldives to Iceland.