Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's MVR to PAB (Maldivian Rufiyaa to Panamanian Balboa) exchange rates

Maldives
Panama
MVR

Interbank Exchange Rate: 1 MVR = 0.0648 PAB
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Maldivian Rufiyaa to Panamanian Balboa money transfers

Easily compare money transfer providers in one place to send money from Maldives to Panama. Send money overseas to your loved ones by comparing Maldivian Rufiyaa (MVR) to Panamanian Balboa (PAB) 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.

Were you looking to send money from Panama to Maldives instead?

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 PAB Conversion Rates

Here are some latest MVR to PAB (Maldivian Rufiyaa to Panamanian Balboa) exchange rates for popular conversion amounts*.

1 MVR0.06 PAB
5 MVR0.32 PAB
10 MVR0.65 PAB
25 MVR1.62 PAB
50 MVR3.24 PAB
100 MVR6.48 PAB
150 MVR9.72 PAB
200 MVR12.96 PAB
250 MVR16.20 PAB
300 MVR19.44 PAB
400 MVR25.92 PAB
500 MVR32.40 PAB
600 MVR38.88 PAB
700 MVR45.36 PAB
800 MVR51.84 PAB
1,000 MVR64.80 PAB
1,500 MVR97.20 PAB
2,000 MVR129.60 PAB
2,500 MVR162.00 PAB
3,000 MVR194.40 PAB
4,000 MVR259.20 PAB
5,000 MVR324.00 PAB
10,000 MVR648.00 PAB
15,000 MVR972.00 PAB
20,000 MVR1,296.00 PAB
30,000 MVR1,944.00 PAB
40,000 MVR2,592.00 PAB
50,000 MVR3,240.00 PAB
100,000 MVR6,480.00 PAB

*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 Panama money transfers?

Sending money internationally to Panama from Maldives can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Maldivian Rufiyaa to PAB remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Panama. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Panamanian Balboa.


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

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 Panama 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 Panamanian Balboa 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 Panamanian Balboa exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to transfer money from Maldives to Panama?

One of the most important things to watch out for is hidden fees when sending money to Panama from Maldives. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Panama using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Panamanian Balboa foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MVR to Panama exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Panama from Maldives.


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

Big banks in Maldives are known to make a lot of money by charging high fees on Panama money transfers from Maldives. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a MVR to PAB exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Panama. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Maldives to Panama. You work hard for your money, so you should also ensure you get the maximum yield when you send PAB overseas.


How to send money to Panama from Maldives fast?

The speed of your Maldivian Rufiyaa to Panamanian Balboa funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert MVR to PAB. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Panama from Maldives is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Panama if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout PAB into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Maldives bank to Panama bank transfer.


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

Maldives to Panama money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Panama as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Maldivian Rufiyaa to Panamanian Balboa money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to transfer money to Panama from Maldives

With so many possible ways to transfer Maldivian Rufiyaa to Panamanian Balboa, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Maldives to Panama remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Maldives and the receiver in Panama. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your MVR to Panamanian Balboa money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.