Convert MVR to NGN — live rate

Convert Maldivian Rufiyaas to Nigerian Nairas and compare the real cost of sending money.

MVR
NGN
1 MVR = 88.4025 NGN • Mid-market rate
Updated just now
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Historical MVR/NGN exchange rate

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Rates shown are indicative mid-market rates, updated regularly.

Quick reference: MVR to NGN

1 MVR → 88.40 NGN
5 MVR → 442.01 NGN
10 MVR → 884.03 NGN
50 MVR → 4,420.13 NGN
100 MVR → 8,840.25 NGN
500 MVR → 44,201.25 NGN
1,000 MVR → 88,402.50 NGN
5,000 MVR → 442,012.50 NGN

Real cost of MVR → NGN

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 MVR
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

MVR — Maldivian Rufiyaa
ISO Code MVR
Central Bank Maldives Monetary Authority
Common Notes 5, 10, 20, 50, 100, 200, 500
Learn more about MVR
NGN — Nigerian Naira
ISO Code NGN
Symbol ₦
Central Bank Central Bank of Nigeria
Common Notes ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000
Learn more about NGN

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.