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Compare today's NGN to MVR (Nigerian Naira to Maldivian Rufiyaa) exchange rates

Nigeria
Maldives
NGN

Interbank Exchange Rate: 1 NGN = 0.0112 MVR
Updated about an hour ago

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All you need to know about Nigerian Naira to Maldivian Rufiyaa money transfers

Easily compare money transfer providers in one place to send money from Nigeria to Maldives. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to Maldivian Rufiyaa (MVR) 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 Nigeria.

Were you looking to send money from Maldives to Nigeria 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 NGN to MVR Conversion Rates

Here are some latest NGN to MVR (Nigerian Naira to Maldivian Rufiyaa) exchange rates for popular conversion amounts*.

1 NGN0.01 MVR
5 NGN0.06 MVR
10 NGN0.11 MVR
25 NGN0.28 MVR
50 NGN0.56 MVR
100 NGN1.12 MVR
150 NGN1.68 MVR
200 NGN2.24 MVR
250 NGN2.80 MVR
300 NGN3.36 MVR
400 NGN4.48 MVR
500 NGN5.60 MVR
600 NGN6.72 MVR
700 NGN7.84 MVR
800 NGN8.96 MVR
1,000 NGN11.20 MVR
1,500 NGN16.80 MVR
2,000 NGN22.40 MVR
2,500 NGN28.00 MVR
3,000 NGN33.60 MVR
4,000 NGN44.80 MVR
5,000 NGN56.00 MVR
10,000 NGN112.00 MVR
15,000 NGN168.00 MVR
20,000 NGN224.00 MVR
30,000 NGN336.00 MVR
40,000 NGN448.00 MVR
50,000 NGN560.00 MVR
100,000 NGN1,120.00 MVR

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


What's the best way to do Nigeria to Maldives money transfers?

Sending money internationally to Maldives from Nigeria 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 Nigerian Naira to MVR 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 Maldives. 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 Maldivian Rufiyaa.


How to get the best remit rate for transferring money from Nigeria to Maldives?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your NGN to Maldivian Rufiyaa money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Nigeria to Maldives. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for NGN to MVR remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


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

The final amount your recipient gets when you send NGN to MVR 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 Nigeria to Maldives 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 Maldivian Rufiyaa 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 Nigerian Naira to Maldives 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 Nigeria to Maldives?

We do not recommend using your local bank in Nigeria for your next NGN to MVR 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 Nigeria to Maldives (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 MVR to Maldives. These companies will let you use your local bank account in Nigeria to pay for your Maldives 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 Maldives from Nigeria fast?

It could be a stressful experience if you need to rush money quickly from Nigeria to Maldives. 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 NGN to MVR. 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 Maldivian Rufiyaa. 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 Nigeria to Maldives money transfers.


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

The first step in selecting the best money transfer operators for Nigeria to Maldives 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 Nigerian Naira to Maldivian Rufiyaa 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 Maldives.


Step by step guide to send money from Nigeria to Maldives

The first step to send money to Maldives from Nigeria 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 NGN to MVR 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 Maldives if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Nigeria bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Maldives!

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 Nigeria to Maldives.