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You may struggle to find a provider that will send rufiyaas from the US. Your best bet may be to make a same currency transfer in US Dollars, then convert your money with a local currency exchange after receiving it.
International money transfers allow you to convert currencies and send money to someone overseas. The average transfer process involves you providing funds to a bank or an independent transfer provider. It will then sends the money to your recipient in the Maldives.
Most transfers can be done in-person, over the phone, through a mobile app or online. You can pay with cash, card or a direct debit from your bank account. The transfer will then either be deposited into your recipient’s bank account, mobile wallet or made available as cash for them to pick up at a location in their country.
Few money transfer providers send money to the Maldives. MoneyGram and Western Union are two reliable services that are able to convert US dollars to rufiyaas. Both companies have years of experience in international money transfers and allow for various methods of sending money quickly.
If you’re struggling to find a provider that will send rufiyaas, consider transferring US dollars. The US dollar is widely accepted as a form of payment, and by transferring US dollars, you won’t have to deal with an exchange rate.
Hassan is one of the 330 students from the Maldives that received a long-term scholarship to study in America. Hassan’s parents were unable to pay his school fees by the time he reached secondary school and took out several study loans to further fund his education. After completing his studies in the US, Hassan has since become a successful actuary.
He is now in a position where he can pay back the study loans for his parents. He compares different alternatives for sending money to his parents using the amount of $1,000 USD.
Money transfer company A | Money transfer company B | |
---|---|---|
Exchange rate | 1 USD = 10.7227 MVR | 1 USD = 10.639406 MVR |
Transfer fee | $70 | $60 |
Amount received less the transfer fee | 10,722.74 MVR | 10,639.41 MVR |
Transfer time | Minutes | Minutes |
Transfer options | Phone, Online, Agent | Phone, Online, Agent |
Hassan decides to go with the first transfer company because it will give his parents more money to work with and he can handle the slightly higher fee.
Today’s exchange rate USD to MVR
Exchange rates determine how much one country’s currency is worth when converted to the currency of another country. When a country’s currency is strong, it will yield more money when exchanging it with a weak currency. The exact amount you’ll receive when exchanging money depends on global economics, so monitoring rates will help you decide when to make a transfer.
Once you’ve finished your part of the transfer, wait for your recipient to confirm that they’ve received their funds. This will ensure that there were no problems during the transfer process.
The Maldives is classified as a safe destination for tourists, but political unrest since 2016 has seen an increase in petty crimes and violent protests. When you’re picking up cash in the Maldives, take a safety-first approach. Keep your cash hidden and deposit it with your bank as soon as possible. Take a friend along with you to collect the funds. Don’t walk around busy areas with lots of cash, and never take out a large amount of bills in public.
It is possible to make a same-day money transfer to the Maldives by using a quick money transfer service like MoneyGram. However, the exchange rate you receive will likely be worse than one you might get if your transfer took more time, and you may have to pay more fees for the fast service. When you’re facing an emergency, a same-day transfer can be beneficial as long as you know the total cost you might have to pay.Back to top
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I want to sand money to maldives as a private. which is the best way to do it? i want to sand money online and the receiver will get it by cash.
Hi Fayaz,
Thanks for getting in touch! The information above shows the list of providers that allow you to transfer money from US to the Maldives. The best one will depend on the cost, transfer speed, and cost to convert your US dollars to Maldivian rufiyaas. Kindly note that as a product comparison website, we are not in the position to recommend one product for you.
Hope this clarifies and feel free to email back if you have questions.
Best,
Nikki