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).

• US Dollars are widely accepted throughout the Maldives, especially in tourist areas, resorts, and hotels.
• 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.