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Singapore dollar to Maldives Rufiyaa Exchange Rate History - XTransfer

Singapore dollar to Maldives Rufiyaa Historical Exchange Rates

Welcome to the SGD to MVR exchange rate history page. This page contains detailed daily historical exchange rates between SGD and MVR from 2025-3-8 to 2026-04-04, making it easy to look up and reference.

Amount
Result

1 SGD = 11.8337 MVR

06:30 Exchange Rate

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1 Singapore dollar to Maldives Rufiyaa Historical Exchange Rate Trends

1 SGD = -- MVR

06:30 Exchange Rate

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

1 Singapore dollar to Maldives Rufiyaa Data Statistics

This section organizes the historical exchange rate data of 1 SGD 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
11.8337
12.003
12.1339
12.1339
Low
11.8337
11.8134
11.8134
11.8134
Average
11.8337
11.8866
11.93
11.9485

Past 7 days historical exchange rates

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

SGD to MVR - Last 7 Days

SGDSGDMVRMVR
2026-04-04
11.8337
SGDSGDMVRMVR
2026-04-03
11.8428
SGDSGDMVRMVR
2026-04-02
11.8627
SGDSGDMVRMVR
2026-04-01
12.003
SGDSGDMVRMVR
2026-03-31
11.9404
SGDSGDMVRMVR
2026-03-30
11.8217
SGDSGDMVRMVR
2026-03-29
11.8134

MVR to SGD - Last 7 Days

MVRMVRSGDSGD
2026-04-04
0.0845
MVRMVRSGDSGD
2026-04-03
0.0844
MVRMVRSGDSGD
2026-04-02
0.0843
MVRMVRSGDSGD
2026-04-01
0.083
MVRMVRSGDSGD
2026-03-31
0.0837
MVRMVRSGDSGD
2026-03-30
0.0846
MVRMVRSGDSGD
2026-03-29
0.0846

SGDSGD - Singapore Dollar

The Singapore dollar was introduced in 1967 to support the country's position as a global financial center. The SGD promotes regional trade and investment with its stability and international recognition.

  • Supporting unit:1 yuan = 100 fen
  • Denomination of banknotes:2, 5, 10, 50, 100, 1000, 10000 yuan
  • Reserve currency:Yes, it is one of the important reserve currencies in Asia.
  • Banknote material:Combination of paper and polymer with anti-counterfeiting elements.
  • Metal composition:Copper-nickel alloy, stainless steel
  • Currency symbol:S$
  • Paper currency size:For example, 50 yuan is approximately 150mm × 70mm.
  • language:en
  • Main unit:1 yuan
  • ISO code:SGD
  • Currency name:Singapore Dollar
  • Exchange Rate System:Managed floating exchange rate system
  • Central Bank:Monetary Authority of Singapore
  • Safe-haven currency:Some are considered as regional safe-haven currencies.
  • Coin denomination:1, 5, 10, 20, 50 cents, 1 yuan
  • Countries of Use:Singapore
  • Cross-border payment:The Singapore dollar supports international settlements through the SWIFT network, with a highly developed financial system that facilitates cross-border trade and investment.

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.

FAQ

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

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

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

The core factor affecting the historical volatility of Singapore dollar to Maldives Rufiyaa recently is the divergence in monetary policies between the two countries. When interest rate hikes are implemented, the attractiveness of SGD 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 SGD, thereby intensifying the frequency of two-way volatility between Singapore dollar and Maldives Rufiyaa.

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

Historically, Singapore dollar against Maldives Rufiyaa has indeed experienced violent fluctuations or even plunges due to policy shocks or economic crises. The best way to hedge against Singapore dollar 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 SGD to MVR within an acceptable trade cost range.

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

To evaluate the current level of SGD 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 Singapore dollar is approaching a historical resistance level. If the current SGD price has broken through highs from years ago, it indicates that SGD is at an extreme high; exchanging Singapore dollar 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 Singapore dollar to Maldives Rufiyaa?

AI predictions for SGD to MVR are trend references derived from historical big data and market sentiment models. While AI can capture the operational patterns of SGD through algorithms, it is difficult to 100% predict sudden international political events or unexpected policy adjustments. Therefore, the predicted values for Singapore dollar 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.