Compare today's MVR to VEF (Maldivian Rufiyaa to Venezuelan Bolivar) exchange rates
Interbank Exchange Rate: 1 MVR = 3,973,895.8651 VEF
Updated over 24 hours ago
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All you need to know about Maldivian Rufiyaa to Venezuelan Bolivar money transfers
Easily compare money transfer providers in one place to send money from Maldives to Venezuela. Send money overseas to your loved ones by comparing Maldivian Rufiyaa (MVR) to Venezuelan Bolivar (VEF) 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 VEF Conversion Rates
Here are some latest MVR to VEF (Maldivian Rufiyaa to Venezuelan Bolivar) exchange rates for popular conversion amounts*.
| 1 MVR | 3,973,895.87 VEF |
| 5 MVR | 19,869,479.33 VEF |
| 10 MVR | 39,738,958.65 VEF |
| 25 MVR | 99,347,396.63 VEF |
| 50 MVR | 198,694,793.26 VEF |
| 100 MVR | 397,389,586.51 VEF |
| 150 MVR | 596,084,379.77 VEF |
| 200 MVR | 794,779,173.02 VEF |
| 250 MVR | 993,473,966.28 VEF |
| 300 MVR | 1,192,168,759.53 VEF |
| 400 MVR | 1,589,558,346.04 VEF |
| 500 MVR | 1,986,947,932.55 VEF |
| 600 MVR | 2,384,337,519.06 VEF |
| 700 MVR | 2,781,727,105.57 VEF |
| 800 MVR | 3,179,116,692.08 VEF |
| 1,000 MVR | 3,973,895,865.10 VEF |
| 1,500 MVR | 5,960,843,797.65 VEF |
| 2,000 MVR | 7,947,791,730.20 VEF |
| 2,500 MVR | 9,934,739,662.75 VEF |
| 3,000 MVR | 11,921,687,595.30 VEF |
| 4,000 MVR | 15,895,583,460.40 VEF |
| 5,000 MVR | 19,869,479,325.50 VEF |
| 10,000 MVR | 39,738,958,651.00 VEF |
| 15,000 MVR | 59,608,437,976.50 VEF |
| 20,000 MVR | 79,477,917,302.00 VEF |
| 30,000 MVR | 119,216,875,953.00 VEF |
| 40,000 MVR | 158,955,834,604.00 VEF |
| 50,000 MVR | 198,694,793,255.00 VEF |
| 100,000 MVR | 397,389,586,510.00 VEF |
*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 Venezuela?
It can be very confusing when sending money from Maldives to Venezuela given so many choices. Additionally, Maldivian Rufiyaa to VEF 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 Venezuela 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 Venezuela 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 Venezuelan Bolivar remittances.
How to get the best exchange rate for sending money from Maldives to Venezuela?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Venezuela 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 Venezuelan Bolivar 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 Venezuela corridor to give you more good choices for your next VEF money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to transfer money from Maldives to Venezuela?
When you want to send money to Venezuela from Maldives, you obviously want the cheapest possible option to maximize the money your recipient gets in Venezuelan Bolivar. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your MVR to VEF money transfers.Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Maldives to Venezuela. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.
That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Maldives to Venezuela exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Venezuelan Bolivar overseas.
How to send money to Venezuela from Maldives through a bank?
We do not recommend using your local bank in Maldives for your next MVR to VEF 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 Venezuela (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 VEF to Venezuela. These companies will let you use your local bank account in Maldives to pay for your Venezuela money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
What is the fastest way to do a money transfer to Venezuela from Maldives?
It could be a stressful experience if you need to rush money quickly from Maldives to Venezuela. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?First, you should ensure that you are picking the right payment method to convert MVR to VEF. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.
Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Venezuelan Bolivar. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.
Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Maldives to Venezuela money transfers.
Which are the best money transfer companies to send money from Maldives to Venezuela?
The first step in selecting the best money transfer operators for Maldives to Venezuela 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 Venezuelan Bolivar 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 Venezuela.
Step by step guide to send money from Maldives to Venezuela
There are many important aspects of Maldives to Venezuela 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 VEF 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.