Currency and Payment Options in Maldives

Exchange Rates and Currency Exchange

The exchange rate for the Maldivian Rufiyaa is relatively stable against the US Dollar (USD), with 1 USD ≈ 15.42 MVR (approximate).

• U.S. dollars are widely accepted throughout the Maldives, especially in tourist areas, resorts, and hotels. If you’re planning your trip and looking for Maldives tour packages, it’s helpful to know that having a mix of USD and local currency will make your travel smoother.
• It’s advisable to carry some local currency for shopping at local markets or in rural areas where USD may not be accepted.
• Currency exchange can be done at Velana International Airport, banks, or authorized money exchange centers.

Payment Options

Cash Payments:

• Although the US Dollar is commonly used, some local shops and small businesses may prefer Rufiyaa.
• Always carry small denominations, as change for larger bills might not be readily available.

Credit and Debit Cards:

• Most hotels, resorts, and restaurants accept major credit and debit cards (Visa, MasterCard, American Express).
• Be mindful of possible transaction fees or exchange rate differences.

Mobile and Digital Payments:

• Some high-end resorts and urban areas accept payments via digital wallets like Apple Pay and Google Pay.
• Local mobile banking apps such as BML MobilePay are also popular among residents.

ATMs:

• ATMs are available in Malé and on some larger islands, but they may be limited on remote or smaller islands.
• Withdrawal limits and fees vary depending on your bank.

Tipping and Gratuity

• Tipping is not mandatory but is appreciated. A 10% service charge is usually included in hotel and restaurant bills.
• You may leave extra tips for exceptional service, especially for tour guides or housekeeping staff.

Important Tips

• Keep a combination of cash and cards to be prepared for any situation.
• Inform your bank about your travel plans to avoid any card issues.
• Always check the currency and denomination before making any transactions.