Convert United States Dollar to Maldivian Rufiyaa
Please provide values below to convert United States Dollar [USD] to Maldivian Rufiyaa [MVR], or Convert Maldivian Rufiyaa to United States Dollar.
How to Convert United States Dollar to Maldivian Rufiyaa
1 USD = 0.0647743907968546 MVR
Example: convert 15 USD to MVR:
15 USD = 15 × 0.0647743907968546 MVR = 0.971615861952818 MVR
United States Dollar to Maldivian Rufiyaa Conversion Table
| United States Dollar | Maldivian Rufiyaa |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.