Table 16. Exchange Rates, 2019 - 2025
(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 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
15.4019
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
2025 Jan-25
15.4200
19.0147
15.8791
0.0994
11.3345
0.1771
0.0536
3.4788
0.4617
2.1093
17.1388
9.4505
4.1550
0.0010
1.9497
20.1051
1.3038
15.4110
0.2
-1.8
-3.6
-4.4
-0.6
-4.0
6.9
7.7
4.8
-1.0
-4.7
-5.1
-0.0
-2.7
0.3
Feb-25
15.4100
19.3361
15.9498
0.1027
11.4090
0.1757
0.0538
3.4398
0.4606
2.1043
17.3356
9.5490
4.1551
0.0010
1.9541
20.1717
1.3090
15.4086
-
-0.0
-3.4
0.3
0.3
-5.0
4.9
7.2
6.1
-1.0
-2.0
-3.2
0.0
-4.3
0.7
Mar-25
15.4200
19.7614
16.4921
0.1024
11.3912
0.1793
0.0537
3.4440
0.4594
2.1058
17.6448
9.5262
4.1549
0.0010
1.9533
20.4886
1.3287
15.4135
0.1
2.5
0.3
1.0
0.5
-2.5
1.4
6.5
7.2
-0.6
2.4
-3.6
-0.0
-4.3
0.6
Apr-25
15.4200
20.4508
17.3251
0.1078
11.6983
0.1799
0.0531
3.5418
0.4672
2.1041
18.8709
9.6945
4.1548
0.0009
1.9584
20.9112
1.3561
15.4113
0.1
6.8
6.3
10.1
4.1
-2.1
-0.9
10.6
10.9
-0.4
10.8
-2.1
-0.0
-2.7
0.9
May-25
15.4200
20.5241
17.1398
0.1053
11.8217
0.1792
0.0531
3.6036
0.4751
2.1249
18.6713
9.7315
4.1554
0.0010
1.9385
20.9205
1.3567
15.4148
0.1
5.9
4.2
8.0
4.6
-2.5
0.7
11.1
12.5
0.7
9.8
-2.8
0.0
-0.2
-0.3
Jun-25
15.4200
20.9486
17.8510
0.1064
11.9994
0.1793
0.0530
3.6254
0.4793
2.1351
19.4459
9.9016
4.1555
0.0010
1.9354
21.1871
1.3740
15.4173
-
8.5
9.4
11.6
6.4
-2.5
2.0
11.9
13.0
1.4
12.5
-2.0
0.0
0.9
-0.5
Jul-25
15.4200
21.6992
18.2058
0.1090
12.6617
0.1868
0.0526
3.5926
0.4772
2.1266
20.0480
10.4956
4.1554
0.0010
2.0582
20.8927
1.3549
15.4174
0.1
10.6
10.4
8.6
11.1
2.0
0.1
8.4
9.5
0.6
13.8
6.5
0.0
-1.0
5.8
Aug-25
15.4200
22.1070
18.6238
0.1104
12.7671
0.1857
0.0526
3.6172
0.4828
2.1450
20.3683
10.6404
4.1551
0.0010
2.0721
21.1044
1.3686
15.4197
0.1
9.7
9.8
4.0
8.7
1.6
-0.5
2.4
5.3
-0.1
10.3
3.4
-0.0
-6.5
6.4
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.