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Indian rupee to Maldives Rufiyaa Exchange Rate History - XTransfer

Indian rupee to Maldives Rufiyaa Historical Exchange Rates

Welcome to the INR to MVR exchange rate history page. This page contains detailed daily historical exchange rates between INR and MVR from 2025-3-8 to 2026-05-18, making it easy to look up and reference.

Amount
Result

1 INR = 0.160635 MVR

01:30 Exchange Rate

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1 Indian rupee to Maldives Rufiyaa Historical Exchange Rate Trends

1 INR = -- MVR

01:30 Exchange Rate

INR - MVR+0%
7D
1M
3M
Invalid DateInvalid Date

1 Indian rupee to Maldives Rufiyaa Data Statistics

This section organizes the historical exchange rate data of 1 INR to MVR, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.

Time
Past 1 day
Past 15 day
Past 30 day
Past 90 day
High
0.160635
0.163511
0.165556
0.167909
Low
0.160635
0.1589
0.1589
0.1589
Average
0.160635
0.161431
0.161993
0.16405

Past 7 days historical exchange rates

Below are the daily average exchange rates of INR to MVR for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of MVR to INR, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.

INR to MVR - Last 7 Days

INRINRMVRMVR
2026-05-17
0.160635
INRINRMVRMVR
2026-05-16
0.160635
INRINRMVRMVR
2026-05-15
0.1589
INRINRMVRMVR
2026-05-14
0.16112
INRINRMVRMVR
2026-05-13
0.159099
INRINRMVRMVR
2026-05-12
0.161405
INRINRMVRMVR
2026-05-11
0.163293

MVR to INR - Last 7 Days

MVRMVRINRINR
2026-05-17
6.225293
MVRMVRINRINR
2026-05-16
6.225293
MVRMVRINRINR
2026-05-15
6.2933
MVRMVRINRINR
2026-05-14
6.20655
MVRMVRINRINR
2026-05-13
6.285395
MVRMVRINRINR
2026-05-12
6.195595
MVRMVRINRINR
2026-05-11
6.123961

INRINR - Indian Rupee

The Indian rupee is centuries old, with the modern version in use since independence in 1947. The rupee is the foundation of India's large and diverse economy and is widely used in domestic trade, services and the growing digital payments market.

  • Supporting unit:1 rupee = 100 paise, but small denomination coins have largely ceased to be in circulation.
  • Denomination of banknotes:₹10, ₹20, ₹50, ₹100, ₹200, ₹500, ₹2000 (some higher denominations have been discontinued but are still in circulation)
  • Reserve currency:No, but it plays a certain role as a regional reserve currency in South Asia.
  • Banknote material:The main material is cotton paper, while some new versions use a polymer blend material, featuring anti-counterfeiting lines, watermarks, micro-printing, and other security features.
  • Metal composition:Steel, stainless steel, nickel-clad steel, copper-nickel alloy, etc.
  • Currency symbol:₹
  • Paper currency size:For example, ₹500 measures 150mm × 66mm, and different denominations have different sizes.
  • language:en
  • Main unit:1 Rupee
  • ISO code:INR
  • Currency name:Indian Rupee
  • Exchange Rate System:A managed floating exchange rate system, regulated by interventions from the Reserve Bank of India.
  • Central Bank:Reserve Bank of India (RBI)
  • Safe-haven currency:No, it is a currency in a highly volatile emerging market.
  • Coin denomination:₹1, ₹2, ₹5, ₹10, ₹20 (New Polygon Type)
  • Countries of Use:India is an official user of the currency, and countries like Nepal and Bhutan also accept the circulation of the rupee to a certain extent.
  • Cross-border payment:Access to the SWIFT network is widely used for remittances in South Asia and the Middle East, yet transactions in international trade are still predominantly settled in US dollars. In recent years, the Reserve Bank of India has encouraged the establishment of local currency settlement mechanisms with certain countries.

MVRMVR - Maldives Rufiyaa

The Maldivian Rufiyaa has been the official currency of the island nation since 1981. The Rufiyaa supports the tourism and fishing industries and is widely used in local transactions, reflecting the country's unique economic structure.

  • Supporting unit:1 Laffia = 100 Laari
  • Denomination of banknotes:10, 20, 50, 100, 500, 1000 Raffia
  • Reserve currency:No, it mainly relies on the US dollar as its foreign exchange reserve.
  • Banknote material:Polymer plastic and paper mix (such as the 1000 denomination made of plastic material).
  • Metal composition:Copper-nickel alloy, steel core nickel plating
  • Currency symbol:Rf or ރ
  • Paper currency size:For example, 100 raffia approximately 150mm × 70mm.
  • language:en
  • Main unit:Rufiyaa
  • ISO code:MVR
  • Currency name:Maldives Lafia
  • Exchange Rate System:Focus on the stable exchange rate mechanism of the US dollar.
  • Central Bank:Maldives Monetary Authority
  • Safe-haven currency:No, exchange rate fluctuations are significantly influenced by the tourism industry.
  • Coin denomination:1, 2, 5, 10, 25, 50 Lari
  • Countries of Use:Maldives is the only country with official use.
  • Cross-border payment:Supports SWIFT international payments, with the US dollar being more commonly used in international transactions, while the LAFIA is primarily used for local transactions and tourism settlements.

Major Currency Pairs of INR

INRINR
GGPGGP
INRINR
BRLBRL
INRINR
BMDBMD
INRINR
MADMAD
INRINR
KESKES
INRINR
CADCAD
INRINR
VNDVND
INRINR
PKRPKR
INRINR
AWGAWG
INRINR
WSTWST
INRINR
BGNBGN
INRINR
NOKNOK
INRINR
MZNMZN
INRINR
DZDDZD
INRINR
NGNNGN

FAQ

Based on the historical patterns of Indian rupee to Maldives Rufiyaa, is now a good time to exchange?

To judge the timing for exchanging Indian rupee to Maldives Rufiyaa, one must compare current rates with the average over the past year or even five years. If the current Indian rupee rate is well above the historical average, it usually means INR is in a strong period, making it a good window for settlement into MVR. Conversely, if Indian rupee is at a historical low, it is recommended for exporters to hold INR in batches and avoid the troughs to minimize losses when converting to MVR.

What are the main reasons affecting the historical volatility of INR to MVR recently?

The core factor affecting the historical volatility of Indian rupee to Maldives Rufiyaa recently is the divergence in monetary policies between the two countries. When interest rate hikes are implemented, the attractiveness of INR tends to increase, leading to a significant rise in its historical exchange rate against MVR. Additionally, fluctuations in global trade data and inflation levels trigger safe-haven demand for INR, thereby intensifying the frequency of two-way volatility between Indian rupee and Maldives Rufiyaa.

Has INR experienced a sharp plunge against MVR before? How can I protect myself?

Historically, Indian rupee against Maldives Rufiyaa has indeed experienced violent fluctuations or even plunges due to policy shocks or economic crises. The best way to hedge against Indian rupee exchange rate risk is to analyze its historical volatility cycles and avoid betting on a one-sided market at a single high point. It is recommended to use batch settlement or forward locking tools to keep the volatility risk of INR to MVR within an acceptable trade cost range.

Is the current exchange rate of Indian rupee to Maldives Rufiyaa considered a historical high or low?

To evaluate the current level of INR to MVR, one must examine the currency pair's long-term trend chart. By comparing the peaks and troughs of the past five years, you can clearly see if Indian rupee is approaching a historical resistance level. If the current INR price has broken through highs from years ago, it indicates that INR is at an extreme high; exchanging Indian rupee to Maldives Rufiyaa now can often lock in more substantial trade profits than in previous years.

How accurate are the AI-predicted exchange rates for Indian rupee to Maldives Rufiyaa?

AI predictions for INR to MVR are trend references derived from historical big data and market sentiment models. While AI can capture the operational patterns of INR through algorithms, it is difficult to 100% predict sudden international political events or unexpected policy adjustments. Therefore, the predicted values for Indian rupee to Maldives Rufiyaa should serve as supplementary advice for settlement timing, rather than an absolute execution guarantee.

How to stabilize exchange rates through convenient payment methods?

To stabilize profit fluctuations caused by exchange rates, the key is to shorten the decision-making link for settlement. By opening a global collection account online through XTransfer, foreign trade enterprises can move away from traditional banks' cumbersome offline declaration processes and lock in ideal rates for real-time settlement on their phones anytime, anywhere. This digital and convenient payment method from XTransfer frees you from bank hours and complex document reviews, allowing you to more autonomously capture market highs and ensure every payment is secured, effectively hedging against exchange loss risks.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness. Please refer to the real-time quotes from banks, related institutions, or trading systems.