Compare today's MVR to LKR (Maldivian Rufiyaa to Sri Lankan Rupee) exchange rates
Interbank Exchange Rate: 1 MVR = 19.9578 LKR
Updated about an hour ago
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All you need to know about Maldivian Rufiyaa to Sri Lankan Rupee money transfers
Easily compare money transfer providers in one place to send money from Maldives to Sri Lanka. Send money overseas to your loved ones by comparing Maldivian Rufiyaa (MVR) to Sri Lankan Rupee (LKR) 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.
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Latest MVR to LKR Conversion Rates
Here are some latest MVR to LKR (Maldivian Rufiyaa to Sri Lankan Rupee) exchange rates for popular conversion amounts*.
| 1 MVR | 19.96 LKR |
| 5 MVR | 99.79 LKR |
| 10 MVR | 199.58 LKR |
| 25 MVR | 498.95 LKR |
| 50 MVR | 997.89 LKR |
| 100 MVR | 1,995.78 LKR |
| 150 MVR | 2,993.67 LKR |
| 200 MVR | 3,991.56 LKR |
| 250 MVR | 4,989.45 LKR |
| 300 MVR | 5,987.34 LKR |
| 400 MVR | 7,983.12 LKR |
| 500 MVR | 9,978.90 LKR |
| 600 MVR | 11,974.68 LKR |
| 700 MVR | 13,970.46 LKR |
| 800 MVR | 15,966.24 LKR |
| 1,000 MVR | 19,957.80 LKR |
| 1,500 MVR | 29,936.70 LKR |
| 2,000 MVR | 39,915.60 LKR |
| 2,500 MVR | 49,894.50 LKR |
| 3,000 MVR | 59,873.40 LKR |
| 4,000 MVR | 79,831.20 LKR |
| 5,000 MVR | 99,789.00 LKR |
| 10,000 MVR | 199,578.00 LKR |
| 15,000 MVR | 299,367.00 LKR |
| 20,000 MVR | 399,156.00 LKR |
| 30,000 MVR | 598,734.00 LKR |
| 40,000 MVR | 798,312.00 LKR |
| 50,000 MVR | 997,890.00 LKR |
| 100,000 MVR | 1,995,780.00 LKR |
*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 Sri Lanka money transfers?
Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Maldives to Sri Lanka. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Maldivian Rufiyaa to LKR.You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send MVR to LKR in Sri Lanka. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.
With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Sri Lanka from Maldives. We provide you with maximum choices to send money to Sri Lanka by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best rate to transfer money to Sri Lanka from Maldives?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Sri Lanka 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 Sri Lankan Rupee 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 Sri Lanka corridor to give you more good choices for your next LKR money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way for transferring money to Sri Lanka from Maldives?
One of the most important things to watch out for is hidden fees when sending money to Sri Lanka 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 Sri Lanka using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Sri Lankan Rupee foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MVR to Sri Lanka 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 Sri Lanka from Maldives.
Should I use my bank to send money from Maldives to Sri Lanka?
We do not recommend using your local bank in Maldives for your next MVR to LKR overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Maldives to Sri Lanka (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.
Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending LKR to Sri Lanka. These companies will let you use your local bank account in Maldives to pay for your Sri Lanka money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
How to send money to Sri Lanka from Maldives fast?
If you need to convert MVR to LKR 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 Sri Lanka 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 Sri Lankan Rupee 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 Sri Lanka.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Maldives to Sri Lanka. 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 send money to Sri Lanka from Maldives?
The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Maldives to Sri Lanka, we can help you in choosing the best provider.There are several key points you would want to check for; these include, but are not limited to, the best Maldivian Rufiyaa to Sri Lankan Rupee exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.
After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your LKR money transfers to Sri Lanka. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.
Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Sri Lanka getting more money for every Maldivian Rufiyaa you send.
Step by step guide to transfer money to Sri Lanka from Maldives
Follow the below easy steps to send money to Sri Lanka 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 Sri Lanka).
- 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.
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.