Table 16. Exchange Rates, 2019 - 2024
(MVR per foreign currency; mid rate; end of period)
Currency Memorandum Itemse y/y % change
Period US dollar Sterling pound Euro Japanese yen Singapore dollar Indian rupee Sri lankan rupee Malaysian ringgit Thai baht Chinese yuan Swiss franc Australian dollar UAE dirham Indonesian rupiah Hongkong dollar MVR/SDR (end of period) USD/SDR (end of period) MVR/USD
(average)
1/		 US dollar Sterling pound Euro Japanese yen Singapore dollar Indian rupee Sri lankan rupee Malaysian ringgit Thai baht Chinese yuan Swiss franc Australian dollar UAE dirham Indonesian rupiah Hongkong dollar
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33)
2019
15.3800
20.0371
17.0659
0.1406
11.3321
0.2147
0.0876
3.7135
0.5174
2.1902
15.9771
10.6010
4.1548
0.0011
1.9507
21.2679
1.3828
15.3825
-0.2
3.3
-2.0
1.1
1.3
-2.1
0.9
0.9
8.0
-1.5
1.2
-0.7
-0.0
4.5
0.5
2020
15.4100
20.6816
18.7141
0.1485
11.5446
0.2090
0.0845
3.7829
0.5196
2.3445
17.5978
11.5776
4.1548
0.0011
1.9597
22.1946
1.4403
15.3813
0.2
3.2
9.7
5.6
1.9
-2.6
-3.5
1.9
0.4
7.0
10.1
9.2
-
-1.1
0.5
2021
15.3900
20.6091
17.2788
0.1334
11.3140
0.2056
0.0784
3.6645
0.4662
2.4014
16.9748
11.0017
4.1549
0.0011
1.9483
21.5397
1.3996
15.3727
-0.1
-0.4
-7.7
-10.2
-2.0
-1.6
-7.3
-3.1
-10.3
2.4
-3.5
-5.0
0.0
-1.3
-0.6
2022
15.4000
18.3778
16.1786
0.1147
11.3396
0.1851
0.0435
3.4532
0.4502
2.1930
16.7542
10.2172
4.1552
0.0010
1.9492
20.4949
1.3308
15.3867
0.1
-10.8
-6.4
-14.0
0.2
-10.0
-44.5
-5.8
-3.4
-8.7
-1.3
-7.1
0.0
-9.5
0.0
2023
15.4000
19.4389
16.8098
0.1088
11.5892
0.1843
0.0491
3.3259
0.4537
2.1543
18.4571
10.3194
4.1552
0.0010
1.9456
20.6617
1.3417
15.3868
-
5.8
3.9
-5.2
2.2
-0.4
12.9
-3.7
0.8
-1.8
10.2
1.0
-
2.3
-0.2
2024
15.4200
19.1683
15.8568
0.0981
11.2487
0.1792
0.0543
3.4247
0.4557
2.0959
17.2088
9.4185
4.1550
0.0010
1.9569
20.1097
1.3041
15.3892
0.1
-1.4
-5.7
-9.8
-2.9
-2.7
10.7
3.0
0.4
-2.7
-6.8
-8.7
-0.0
-4.6
0.6
2023 Jan-23
15.4000
18.8707
16.5279
0.1179
11.6435
0.1879
0.0434
3.5968
0.4759
2.2645
16.8041
10.6757
4.1549
0.0011
1.9389
20.7664
1.3485
15.3761
-0.1
-7.9
-2.8
-11.3
3.2
-8.0
-44.9
-1.4
2.0
-5.8
0.7
0.5
-0.0
-3.9
-0.5
Feb-23
15.4000
18.4067
16.1382
0.1126
11.3501
0.1855
0.0438
3.4060
0.4447
2.2059
16.5977
10.2185
4.1549
0.0010
1.9360
20.4634
1.3288
15.3825
-
-9.7
-5.0
-15.3
0.9
-9.2
-44.3
-6.4
-6.6
-8.9
-1.0
-5.9
-0.0
-5.7
-0.4
Mar-23
15.3900
18.7871
16.4992
0.1157
11.4960
0.1864
0.0488
3.4545
0.4549
2.2181
16.8946
10.1192
4.1554
0.0010
1.9354
20.7031
1.3452
15.3894
0.1
-6.2
-3.0
-7.9
1.7
-7.8
-9.4
-5.0
-2.8
-7.9
0.5
-10.9
0.0
-4.7
-0.3
Apr-23
15.3100
19.1993
16.7875
0.1126
11.4564
0.1876
0.0495
3.4263
0.4570
2.2129
17.3725
10.0119
4.1558
0.0011
1.9355
20.6227
1.3470
15.3823
-0.5
0.0
4.6
-4.7
3.7
-6.4
10.6
-2.4
0.4
-4.4
8.9
-6.5
0.0
-1.2
-0.0
May-23
15.4000
18.9175
16.2927
0.1097
11.2948
0.1853
0.0540
3.3098
0.4483
2.1530
17.1113
9.8367
4.1551
0.0010
1.9400
20.4429
1.3275
15.3781
-
-1.8
-0.5
-8.4
1.2
-6.2
22.7
-5.2
-1.8
-6.1
5.7
-9.6
0.0
-2.8
0.2
Jun-23
15.3800
19.4414
16.6117
0.1070
11.3182
0.1870
0.0516
3.2610
0.4427
2.1206
17.3416
10.1368
4.1551
0.0010
1.9400
20.4565
1.3301
15.3910
-0.2
5.0
4.4
-4.7
3.0
-3.8
16.1
-6.0
0.3
-7.2
6.5
-2.9
0.0
-1.0
0.2
Jul-23
15.3700
19.6301
16.7782
0.1083
11.4874
0.1864
0.0483
3.3626
0.4551
2.1414
17.8352
10.1131
4.1548
0.0010
1.9475
20.6410
1.3429
15.3981
-0.2
5.7
7.8
-6.0
3.7
-3.5
9.1
-2.1
5.9
-5.6
9.2
-4.5
-0.0
-1.7
0.6
Aug-23
15.4100
19.4290
16.6344
0.1052
11.3283
0.1855
0.0495
3.2937
0.4463
2.0986
17.6860
9.8345
4.1548
0.0010
1.9365
20.4944
1.3299
15.3871
0.2
9.1
9.0
-5.0
3.5
-3.7
12.0
-3.5
4.6
-5.3
10.8
-5.5
-0.0
-2.4
0.0
Sep-23
15.4200
18.6233
16.1151
0.1031
11.1768
0.1843
0.0490
3.2603
0.4293
2.0925
17.0093
9.7287
4.1550
0.0010
1.9427
20.2770
1.3150
15.3933
0.2
13.0
9.3
-3.1
5.2
-1.9
12.0
-0.9
4.9
-1.6
7.2
-0.9
0.0
-1.4
0.4
Oct-23
15.4100
18.5430
16.1399
0.1027
11.1907
0.1842
0.0486
3.2070
0.4324
2.0904
17.2137
9.6231
4.1550
0.0010
1.9419
20.2509
1.3141
15.3865
0.1
4.7
6.4
-0.9
3.3
-1.0
11.7
-0.8
5.4
-0.8
10.4
-1.1
0.0
-2.0
0.3
Nov-23
15.3900
19.3907
16.7138
0.1043
11.4826
0.1840
0.0484
3.2842
0.4469
2.1470
17.8087
10.0527
4.1555
0.0010
1.9455
20.5193
1.3333
15.3833
0.1
6.0
6.0
-5.7
3.1
-2.0
11.9
-3.8
1.4
0.3
9.3
-0.9
0.0
1.7
-0.0
Dec-23
15.4000
19.4389
16.8098
0.1088
11.5892
0.1843
0.0491
3.3259
0.4537
2.1543
18.4571
10.3194
4.1552
0.0010
1.9456
20.6617
1.3417
15.3939
-
5.8
3.9
-5.2
2.2
-0.4
12.9
-3.7
0.8
-1.8
10.2
1.0
-
2.3
-0.2
2024 Jan-24
15.3900
19.3563
16.4770
0.1039
11.4039
0.1845
0.0502
3.2307
0.4404
2.1298
17.9911
9.9543
4.1551
0.0010
1.9434
20.4669
1.3299
15.3842
-0.1
2.6
-0.3
-11.9
-2.1
-1.8
15.5
-10.2
-7.5
-5.9
7.1
-6.8
0.0
-5.1
0.2
Feb-24
15.4100
19.3441
16.5037
0.1025
11.3742
0.1850
0.0513
3.2093
0.4342
2.1260
17.6889
9.8694
4.1550
0.0010
1.9410
20.4577
1.3276
15.3855
0.1
5.1
2.3
-9.0
0.2
-0.3
17.1
-5.8
-2.4
-3.6
6.6
-3.4
0.0
-3.0
0.3
Mar-24
15.4100
19.2769
16.4413
0.1014
11.3325
0.1839
0.0529
3.2348
0.4287
2.1181
17.2271
9.8816
4.1554
0.0010
1.9414
20.4036
1.3241
15.3803
0.1
2.6
-0.4
-12.3
-1.4
-1.3
8.5
-6.4
-5.8
-4.5
2.0
-2.3
-
-5.0
0.3
Apr-24
15.4100
19.1524
16.3023
0.0979
11.2334
0.1837
0.0536
3.2033
0.4211
2.1119
17.0363
9.8981
4.1550
0.0010
1.9413
20.3093
1.3179
15.3927
0.7
-0.2
-2.9
-13.1
-1.9
-2.0
8.2
-6.5
-7.9
-4.6
-1.9
-1.1
-0.0
-9.8
0.3
May-24
15.4000
19.3833
16.4449
0.0976
11.3065
0.1838
0.0527
3.2430
0.4222
2.1099
17.0082
10.0126
4.1550
0.0010
1.9439
20.3825
1.3235
15.3926
-
2.5
0.9
-11.1
0.1
-0.8
-2.3
-2.0
-5.8
-2.0
-0.6
1.8
-0.0
-7.6
0.2
Jun-24
15.4200
19.3061
16.3198
0.0954
11.2781
0.1839
0.0520
3.2396
0.4242
2.1047
17.2826
10.1027
4.1550
0.0010
1.9458
20.2825
1.3153
15.3930
0.3
-0.7
-1.8
-10.8
-0.4
-1.6
0.6
-0.7
-4.2
-0.7
-0.3
-0.3
-0.0
-8.3
0.3
Jul-24
15.4100
19.6187
16.4894
0.1004
11.3962
0.1831
0.0525
3.3144
0.4359
2.1139
17.6127
9.8550
4.1550
0.0010
1.9446
20.4710
1.3284
15.3845
0.3
-0.1
-1.7
-7.3
-0.8
-1.8
8.8
-1.4
-4.2
-1.3
-1.2
-2.6
0.0
-7.4
-0.1
Aug-24
15.4100
20.1587
16.9547
0.1062
11.7405
0.1827
0.0529
3.5316
0.4584
2.1469
18.4693
10.2865
4.1551
0.0010
1.9479
20.7513
1.3466
15.3806
-
3.8
1.9
0.9
3.6
-1.5
6.8
7.2
2.7
2.3
4.4
4.6
0.0
-1.2
0.6
Sep-24
15.3800
20.4297
16.9935
0.1077
11.9394
0.1832
0.0532
3.7198
0.4827
2.1806
18.4625
10.4891
4.1550
0.0010
1.9543
20.8610
1.3564
15.3830
-0.3
9.7
5.5
4.5
6.8
-0.6
8.6
14.1
12.4
4.2
8.5
7.8
0.0
2.1
0.6
Oct-24
15.4100
19.7699
16.5252
0.1001
11.5599
0.1824
0.0543
3.4900
0.4619
2.1478
17.9351
9.9596
4.1549
0.0010
1.9549
20.5204
1.3316
15.4006
-
6.6
2.4
-2.5
3.3
-1.0
11.7
8.8
6.8
2.7
4.2
3.5
-0.0
1.2
0.7
Nov-24
15.3900
19.3415
16.0760
0.1013
11.3928
0.1816
0.0546
3.4401
0.4533
2.1114
17.5890
9.8399
4.1550
0.0010
1.9523
20.2211
1.3139
15.3913
-
-0.3
-3.8
-2.9
-0.8
-1.3
12.9
4.7
1.4
-1.7
-1.2
-2.1
-0.0
-2.4
0.4
Dec-24
15.4200
19.1683
15.8568
0.0981
11.2487
0.1792
0.0543
3.4247
0.4557
2.0959
17.2088
9.4185
4.1550
0.0010
1.9569
20.1097
1.3041
15.4016
0.1
-1.4
-5.7
-9.8
-2.9
-2.7
10.7
3.0
0.4
-2.7
-6.8
-8.7
-0.0
-4.6
0.6
Source: Maldives Monetary Authority; Bank of Maldives Plc; International Monetary Fund
1/Monthly figures represent the average of the daily mid rates for the month. Annual figures represent the average of the daily mid rates for the year.