Planning a trip to the Maldives from the UK involves several important preparations, and one crucial task is making sure you have the local currency on hand. The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, and having some before you land can ease travel, especially when paying for small expenses like local taxis, tips, or market items. While many luxury resorts accept international cards, it is still advisable to buy Maldivian Rufiyaa in the UK to avoid high exchange fees at your destination and ensure smoother transactions on arrival.
Understanding the Maldivian Rufiyaa
What is the Maldivian Rufiyaa?
The Maldivian Rufiyaa, abbreviated as MVR, is the official currency of the Republic of Maldives. It is issued by the Maldives Monetary Authority and comes in denominations of 2, 5, 10, 20, 50, 100, 500, and 1,000 rufiyaa notes. There are also coins known as laari, where 100 laari equals 1 rufiyaa.
Exchange Rate Overview
Exchange rates between the British Pound (GBP) and the Maldivian Rufiyaa vary based on market fluctuations and where you purchase your currency. Rates are generally more favorable when exchanged in the UK through reputable vendors as opposed to doing so at airports or hotels in the Maldives.
Where to Buy Maldivian Rufiyaa in the UK
Currency Exchange Offices
Major currency exchange providers such as Travelex, Eurochange, and the Post Office may stock or order Maldivian Rufiyaa upon request. It’s best to call ahead and check availability, as MVR is not one of the most common currencies in the UK market.
- Travelex: Offers online orders for exotic currencies and pick-up from selected airports or stores.
- Post Office Travel Money: Provides a service to order online and collect in-branch or by home delivery.
- Eurochange: May carry less common currencies like MVR in large city branches or allow for special orders.
Online Currency Services
Several websites in the UK allow you to buy foreign currency online and have it delivered to your home. These services often offer competitive rates and better convenience.
- FairFX
- Travel FX
- Currency Online Group
When using online platforms, always ensure the provider is FCA regulated and has strong customer reviews. Compare rates, delivery fees, and timing to choose the best service for your needs.
Tips for Getting the Best Exchange Rate
Order in Advance
Because the Maldivian Rufiyaa is not widely available in the UK, it’s important to place your currency order well in advance of your departure. This ensures availability and better exchange rates.
Avoid Airport Kiosks
Currency exchange kiosks at airports often charge higher rates and hidden fees. Buying your Maldivian Rufiyaa from a bank or online provider ahead of time will save you money.
Compare Providers
Always compare the total cost of purchasing currency, including delivery charges and commission. Even a small difference in the exchange rate can have a significant impact if you’re exchanging a large amount.
Check the Buy Back Policy
Some UK providers offer a buy back service where they repurchase any unused currency after your trip. This is especially helpful for exotic currencies like the MVR that may be hard to exchange once you’re back in the UK.
How Much Maldivian Rufiyaa Should You Bring?
Depends on Your Travel Style
The amount of MVR you should bring depends on where you are staying and your spending habits. If you’re staying at an all-inclusive resort, your cash needs will be minimal. But if you plan to explore local islands, shop in markets, or take local ferries, cash becomes more essential.
Suggested Daily Cash Amounts
- Budget Traveler: MVR 300500 per day
- Mid-range Traveler: MVR 7001,200 per day
- Luxury Traveler: Mostly card payments, but carry MVR 1,0002,000 for tips and excursions
It’s also wise to carry a small amount of USD, as it is widely accepted in the Maldives, particularly for larger purchases and in tourist areas.
Alternatives to Carrying Cash
Credit and Debit Cards
Major resorts, hotels, and restaurants in the Maldives accept Visa and MasterCard. However, smaller local shops, island cafés, and ferries may not have card facilities. Always inform your bank of your travel plans to avoid your card being blocked.
Using ATMs in the Maldives
ATMs are available in Malé and a few other larger islands, but they are limited outside the capital. Most ATMs dispense MVR, but foreign cardholders may be charged fees. Confirm international usage policies with your bank before relying on ATMs abroad.
Mobile Payment Apps
Some areas in the Maldives have started accepting mobile payments, but these are generally only used by locals. For UK travelers, cash and cards remain the most reliable options.
Safety and Handling of Foreign Currency
Store Currency Safely
Divide your MVR and other valuables into separate bags or envelopes. Carry only what you need for the day and keep the rest locked in a hotel safe. Avoid flashing large amounts of cash in public.
Check for Counterfeit Notes
When receiving change in MVR, especially on local islands, inspect the notes carefully. Use notes received from official sources and avoid accepting damaged or overly worn bills.
Returning to the UK With Leftover Currency
Limited Exchange Options
After your trip, exchanging leftover Maldivian Rufiyaa in the UK may be difficult due to its limited demand. Try to spend most of your MVR before leaving the Maldives or exchange it at the airport before departure.
Use the Buy Back Service
If you purchased your currency through a provider offering a buy-back guarantee, you can return your unused cash for GBP at a pre-agreed rate. Always keep your receipt to use this service.
To buy Maldivian Rufiyaa in the UK, you need to plan ahead and find a trusted provider. Though it’s a lesser-known currency, it can be ordered through banks, online platforms, and specialized exchange services. Whether you’re staying on a luxury resort island or venturing out to local communities, having MVR in hand ensures smoother and more enjoyable travel in the Maldives. Compare rates, order early, and bring only what you need to enjoy a hassle-free experience from the moment you land.