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Compare today's MVR to PHP (Maldivian Rufiyaa to Philippine Peso) exchange rates

Maldives
Philippines
MVR

Interbank Exchange Rate: 1 MVR = 3.8009 PHP
Updated about an hour ago

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All you need to know about Maldivian Rufiyaa to Philippine Peso money transfers

Easily compare money transfer providers in one place to send money from Maldives to Philippines. Send money overseas to your loved ones by comparing Maldivian Rufiyaa (MVR) to Philippine Peso (PHP) 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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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 PHP Conversion Rates

Here are some latest MVR to PHP (Maldivian Rufiyaa to Philippine Peso) exchange rates for popular conversion amounts*.

1 MVR3.80 PHP
5 MVR19.00 PHP
10 MVR38.01 PHP
25 MVR95.02 PHP
50 MVR190.05 PHP
100 MVR380.09 PHP
150 MVR570.14 PHP
200 MVR760.18 PHP
250 MVR950.23 PHP
300 MVR1,140.27 PHP
400 MVR1,520.36 PHP
500 MVR1,900.45 PHP
600 MVR2,280.54 PHP
700 MVR2,660.63 PHP
800 MVR3,040.72 PHP
1,000 MVR3,800.90 PHP
1,500 MVR5,701.35 PHP
2,000 MVR7,601.80 PHP
2,500 MVR9,502.25 PHP
3,000 MVR11,402.70 PHP
4,000 MVR15,203.60 PHP
5,000 MVR19,004.50 PHP
10,000 MVR38,009.00 PHP
15,000 MVR57,013.50 PHP
20,000 MVR76,018.00 PHP
30,000 MVR114,027.00 PHP
40,000 MVR152,036.00 PHP
50,000 MVR190,045.00 PHP
100,000 MVR380,090.00 PHP

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


What's the best way to transfer money from Maldives to Philippines?

It can be very confusing when sending money from Maldives to Philippines given so many choices. Additionally, Maldivian Rufiyaa to PHP exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Maldives to Philippines as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Philippines from Maldives. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Maldivian Rufiyaa to Philippine Peso remittances.


How to get the best exchange rate for sending money from Maldives to Philippines?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Philippines.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Maldives to Philippines transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your MVR to Philippine Peso money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


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

Finding the cheapest way to send money from Maldives to Philippines 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 PHP 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 Philippines 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.


How to send money from Maldives to Philippines through a bank?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low MVR to PHP exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Maldives to Philippines money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Philippines from Maldives. They do this by letting you fund your transaction through your local bank account in Maldives, and by allowing you to choose the payout to be your recipient's bank account in Philippines. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money to Philippines from Maldives fast?

The speed of your Maldivian Rufiyaa to Philippine Peso 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 PHP. 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 Philippines 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 Philippines 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 PHP into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Maldives bank to Philippines bank transfer.


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

Since the Maldivian Rufiyaa to Philippine Peso 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 Philippines. 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 PHP money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Philippines 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 Philippines transaction.


Step by step guide to send money from Maldives to Philippines

Follow the below easy steps to send money to Philippines from Maldives.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Maldives bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in Philippines).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your MVR to PHP remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.