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

Compare today's UGX to MVR (Ugandan Shilling to Maldivian Rufiyaa) exchange rates

Uganda
Maldives
UGX

Interbank Exchange Rate: 1 UGX = 0.0044 MVR
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Ugandan Shilling to Maldivian Rufiyaa money transfers

Easily compare money transfer providers in one place to send money from Uganda to Maldives. Send money overseas to your loved ones by comparing Ugandan Shilling (UGX) 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 Uganda.

Were you looking to send money from Maldives to Uganda 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 UGX to MVR Conversion Rates

Here are some latest UGX to MVR (Ugandan Shilling to Maldivian Rufiyaa) exchange rates for popular conversion amounts*.

1 UGX0.00 MVR
5 UGX0.02 MVR
10 UGX0.04 MVR
25 UGX0.11 MVR
50 UGX0.22 MVR
100 UGX0.44 MVR
150 UGX0.66 MVR
200 UGX0.88 MVR
250 UGX1.10 MVR
300 UGX1.32 MVR
400 UGX1.76 MVR
500 UGX2.20 MVR
600 UGX2.64 MVR
700 UGX3.08 MVR
800 UGX3.52 MVR
1,000 UGX4.40 MVR
1,500 UGX6.60 MVR
2,000 UGX8.80 MVR
2,500 UGX11.00 MVR
3,000 UGX13.20 MVR
4,000 UGX17.60 MVR
5,000 UGX22.00 MVR
10,000 UGX44.00 MVR
15,000 UGX66.00 MVR
20,000 UGX88.00 MVR
30,000 UGX132.00 MVR
40,000 UGX176.00 MVR
50,000 UGX220.00 MVR
100,000 UGX440.00 MVR

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


What's the best way to send money from Uganda to Maldives?

There are many good choices when it comes to sending money from Uganda to Maldives. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Ugandan Shilling to MVR money transfers.

We compare different remittance companies to bring you the best options to send money to Maldives from Uganda. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Ugandan Shilling to Maldivian Rufiyaa money transfers. You can take advantage of these deals and make the most of your hard earned money.


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

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Maldives from Uganda. 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 UGX to Maldivian Rufiyaa 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 Uganda to Maldives corridor to give you more good choices for your next MVR 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 Maldives from Uganda?

The final amount your recipient gets when you send UGX 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 Uganda 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 Ugandan Shilling 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 Uganda to Maldives?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Uganda to Maldives money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like UGX to MVR transfers.

Given this, there are umpteen additional options to send money to Maldives instead of just your Uganda bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Ugandan Shilling even more so that your recipient in Maldives gets the maximum amount.


How to send money from Uganda to Maldives fast?

If you need to convert UGX to MVR 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 Uganda to Maldives 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 Ugandan Shilling to Maldivian Rufiyaa 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 Maldives.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Uganda to Maldives. 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 transfer money from Uganda to Maldives?

Uganda to Maldives 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 Maldives 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 Ugandan Shilling to Maldivian Rufiyaa 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 do a money transfer from Uganda to Maldives

There are many important aspects of Uganda to Maldives 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 - Uganda 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 MVR 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 Ugandan Shilling amount you want to send from Uganda.
  • 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.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Maldives to validate that they get the money once the transaction clears.