The MVR/EUR pair shows how many Euros one Maldivian Rufiyaa buys, used by travelers and importers dealing between the Maldives and the Eurozone.
The curve shows the change in one unit of MVR expressed in EUR. An upward slope means the base currency is strengthening relative to the quote currency; a downward slope indicates the opposite.
Use the 7-day, 30-day or 1-year periods to distinguish a short movement from a more lasting trend.
Volatility can reflect central-bank announcements, economic data, trade flows or risk sentiment. A chart is not a forecast: it describes the observations available for the selected period.
Du au · 25 observations
The MVR/EUR exchange rate indicates the value of the Maldivian Rufiyaa against the Euro, quoted as the number of Euros per one Rufiyaa. This pair is primarily used by tourists traveling from the Eurozone to the Maldives, as well as by businesses engaged in trade between the two regions. An appreciation of the Rufiyaa means that one Rufiyaa can buy more Euros, making Eurozone goods cheaper for Maldivian importers and reducing the cost of European travel for Maldivians.
The Maldives Monetary Authority manages the Rufiyaa through a managed float, while the European Central Bank sets monetary policy for the Eurozone. Interest rate differentials between the two central banks influence capital flows and the exchange rate. The Maldivian economy is heavily dependent on tourism, which drives demand for Rufiyaa, while the Eurozone's economic health affects the Euro's strength. Inflation, growth differentials, and commodity prices also play roles, with the Euro often influenced by global risk sentiment.
Over the past several years, the MVR/EUR rate has been influenced by shifts in tourism demand and Eurozone economic conditions. The Rufiyaa has generally been stable due to the Maldives' tourism revenue, while the Euro has experienced volatility from European debt concerns and monetary policy changes. Without specific historical data, the pair's movements can be understood through the interplay of tourism flows and Eurozone macroeconomic factors, rather than through a fixed chronology.
This analysis is provided for information only and is neither a forecast nor financial advice.
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| Date UTC | Rate | Change |
|---|---|---|
| 0,05633593 | -0.76% | |
| 0,05676605 | +0.90% | |
| 0,05625811 | -1.07% | |
| 0,05686697 | -0.49% | |
| 0,05714613 | -0.70% | |
| 0,05755111 | -0.22% | |
| 0,05767541 | +0.29% | |
| 0,05750852 | -0.24% |
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Displayed source: api.forex. Indicative values are used only as a visual fallback.