Compare today's VEF to MVR (Venezuelan Bolivar to Maldivian Rufiyaa) exchange rates
Interbank Exchange Rate: 1 VEF = 0.0001 MVR
Updated over 24 hours ago
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All you need to know about Venezuelan Bolivar to Maldivian Rufiyaa money transfers
Easily compare money transfer providers in one place to send money from Venezuela to Maldives. Send money overseas to your loved ones by comparing Venezuelan Bolivar (VEF) 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 Venezuela.
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Latest VEF to MVR Conversion Rates
Here are some latest VEF to MVR (Venezuelan Bolivar to Maldivian Rufiyaa) exchange rates for popular conversion amounts*.
| 1 VEF | 0.00 MVR |
| 5 VEF | 0.00 MVR |
| 10 VEF | 0.00 MVR |
| 25 VEF | 0.00 MVR |
| 50 VEF | 0.01 MVR |
| 100 VEF | 0.01 MVR |
| 150 VEF | 0.02 MVR |
| 200 VEF | 0.02 MVR |
| 250 VEF | 0.03 MVR |
| 300 VEF | 0.03 MVR |
| 400 VEF | 0.04 MVR |
| 500 VEF | 0.05 MVR |
| 600 VEF | 0.06 MVR |
| 700 VEF | 0.07 MVR |
| 800 VEF | 0.08 MVR |
| 1,000 VEF | 0.10 MVR |
| 1,500 VEF | 0.15 MVR |
| 2,000 VEF | 0.20 MVR |
| 2,500 VEF | 0.25 MVR |
| 3,000 VEF | 0.30 MVR |
| 4,000 VEF | 0.40 MVR |
| 5,000 VEF | 0.50 MVR |
| 10,000 VEF | 1.00 MVR |
| 15,000 VEF | 1.50 MVR |
| 20,000 VEF | 2.00 MVR |
| 30,000 VEF | 3.00 MVR |
| 40,000 VEF | 4.00 MVR |
| 50,000 VEF | 5.00 MVR |
| 100,000 VEF | 10.00 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 Venezuela to Maldives money transfers?
With the global remittance market booming, there are so many choices for Venezuelan Bolivar to MVR money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Maldives from Venezuela. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.
We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final MVR amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.
How to get the best exchange rate for your money transfers from Venezuela 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 VEF 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 Venezuela 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 VEF 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 to Maldives from Venezuela?
One of the most important things to watch out for is hidden fees when sending money to Maldives from Venezuela. 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 Maldives using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Maldivian Rufiyaa foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best VEF to Maldives 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 Maldives from Venezuela.
How to send money to Maldives from Venezuela through a bank?
Bank transfers have been a traditionally popular way to send money overseas from Venezuela to Maldives. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the VEF to MVR exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.
We, therefore, recommend that before you use your Venezuela bank for your Maldives money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.
How to send money to Maldives from Venezuela fast?
It could be a stressful experience if you need to rush money quickly from Venezuela 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 VEF 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 Venezuela to Maldives money transfers.
Which are the best money transfer companies to transfer money to Maldives from Venezuela?
Comparing money transfer companies for sending money to Maldives from Venezuela can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Maldives. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Venezuelan Bolivar to Maldivian Rufiyaa transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?
Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Maldivian Rufiyaa yield on every Venezuelan Bolivar that you send.
Step by step guide to send money from Venezuela to Maldives
Follow the below easy steps to send money to Maldives from Venezuela.- 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 Venezuela bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Maldives).
- 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.