- Use promo code 3FREE to get three free transfers
- Easy to use with round-the-clock help
- Get cash to family and friends in minutes
An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, the Maldives. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or 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 do convert pounds to rufiyaas. Both companies have years of experience in international money transfers and allow for various methods of transferring money with quick transfer times.
If you are struggling to find a provider that will send rufiyaas, consider transferring US dollars. The US dollar is widely accepted as a form of payment in the Maldives.Back to top
Five years ago, Hassan’s grandfather peacefully passed away. Now aged 18, Hassan’s father has revealed that his grandfather had made a fund for him to go to university in the UK, allowing him to leave the Maldives to expand his knowledge. Now a successful geologist, Hassan is in a position to send money back to his parents to enable them to have a more comfortable lifestyle. He realises he can afford send £1,200 every three months, and compares the different alternatives to send this money to his parents.
|Money transfer company A||Money transfer company B|
|Exchange rate||1 USD = 18.4559 MVR||1 USD = 18.1749 MVR|
|Amount received less the transfer fee||10,722.74 MVR||10,639.41 MVR|
|Transfer options||Phone, Online, Agent||Phone, Online, Agent|
|Difference in MVR||83.33 MVR|
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the pound was worth approximately 26 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
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.
Whether you’re picking up cash in the Maldives or any other country, take a safety-first approach. Use common sense, such as keeping your cash hidden and depositing it with your bank as soon as possible. Taking a friend along with you to collect the funds is also a good idea.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.