Table 16. Exchange Rates, 2020 - 2026
(MVR per foreign currency; mid rate; end of period)
Currency Memorandum Itemse y/y % change
Period US dollar 1/ 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)
2/		 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)
2020
15.4200
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
-
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
15.4200
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
-
-0.4
-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
15.4100
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
15.4100
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
2025
15.4200
22.0354
18.7113
0.1037
12.7637
0.1823
0.0513
3.7684
0.4959
2.1886
20.5808
10.8941
4.1555
0.0009
2.0760
21.1177
1.3695
15.4157
-
15.0
18.0
5.8
13.5
1.7
-5.7
10.0
8.8
4.4
19.6
15.7
0.0
-3.4
6.1
2024 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
-
0.1
0.0
-0.0
0.0
-0.0
0.1
0.1
0.1
0.0
0.0
0.0
-0.0
0.0
0.0
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
-
-0.0
-0.0
-0.0
-0.0
-0.0
0.1
0.0
0.0
-0.0
-0.0
-0.0
-0.0
-0.0
0.0
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
0.0
-0.0
-0.1
-0.1
-0.0
-0.0
0.1
0.0
0.0
-0.0
-0.1
-0.1
-0.0
-0.0
0.0
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
0.0
-0.0
-0.0
-0.0
-0.0
-0.0
0.1
0.1
0.0
-0.0
-0.0
-0.1
-0.0
-0.0
0.0
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
-0.0
0.0
0.0
-0.1
0.0
0.1
0.1
-0.0
-0.0
-0.0
0.0
-0.0
0.0
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
0.0
0.0
0.0
0.0
0.0
-0.0
0.0
0.1
0.1
-0.0
0.0
-0.0
-0.0
-0.0
0.0
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
0.0
0.1
0.1
0.1
0.0
-0.0
-0.0
0.1
0.1
-0.0
0.1
-0.0
-0.0
-0.0
0.0
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
0.0
0.1
0.0
0.1
0.0
-0.0
0.0
0.1
0.1
0.0
0.1
-0.0
0.0
-0.0
-0.0
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
-
0.1
0.1
0.1
0.1
-0.0
0.0
0.1
0.1
0.0
0.1
-0.0
0.0
0.0
-0.0
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
0.0
0.1
0.1
0.1
0.1
0.0
0.0
0.1
0.1
0.0
0.1
0.1
0.0
-0.0
0.1
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
0.0
0.1
0.1
0.0
0.1
0.0
-0.0
0.0
0.1
-0.0
0.1
0.0
-0.0
-0.1
0.1
Sep-25
15.4200
21.9893
18.6851
0.1092
12.6961
0.1846
0.0525
3.6254
0.4829
2.1469
20.4491
10.7251
4.1555
0.0009
2.0764
21.1404
1.3710
15.4187
0.0
0.1
0.1
0.0
0.1
0.0
-0.0
-0.0
0.0
-0.0
0.1
0.0
0.0
-0.1
0.1
Oct-25
15.4200
21.6095
18.5070
0.1062
12.6383
0.1853
0.0522
3.6409
0.4812
2.1552
20.3980
10.7168
4.1554
0.0009
2.0791
20.9464
1.3584
15.4194
0.0
0.1
0.1
0.1
0.1
0.0
-0.0
0.0
0.0
0.0
0.1
0.1
0.0
-0.1
0.1
Nov-25
15.4200
21.6699
18.4814
0.1039
12.6440
0.1832
0.0516
3.6982
0.4857
2.1619
20.2879
10.6559
4.1549
0.0009
2.0751
20.9491
1.3586
15.4190
0.0
0.1
0.1
0.0
0.1
0.0
-0.1
0.1
0.1
0.0
0.2
0.1
-0.0
-0.0
0.1
Dec-25
15.4200
22.0354
18.7113
0.1037
12.7637
0.1823
0.0513
3.7684
0.4959
2.1886
20.5808
10.8941
4.1555
0.0009
2.0760
21.1177
1.3695
15.4174
-
0.1
0.2
0.1
0.1
0.0
-0.1
0.1
0.1
0.0
0.2
0.2
0.0
-0.0
0.1
2026 Jan-26
15.4200
22.6212
19.0891
0.1060
12.9821
0.1780
0.0513
3.8883
0.5010
2.2026
21.2786
11.4966
4.1550
0.0009
2.0707
21.3084
1.3819
15.4181
-
0.2
0.2
0.1
0.1
0.0
-0.0
0.1
0.1
0.0
0.2
0.2
-0.0
-0.0
0.1
Feb-26
15.4200
22.1992
18.8375
0.1041
12.9769
0.1803
0.0514
3.9333
0.5018
2.2373
21.1219
11.5932
4.1554
0.0009
2.0655
21.1990
1.3748
15.4200
0.0
0.1
0.2
0.0
0.1
0.0
-0.0
0.1
0.1
0.1
0.2
0.2
0.0
-0.0
0.1
Mar-26
15.4200
21.6242
18.2883
0.1017
12.6965
0.1737
0.0504
3.7993
0.4750
2.2128
20.4235
11.1571
4.1554
0.0009
2.0614
20.9155
1.3564
15.4200
-
0.1
0.1
-0.0
0.1
-0.0
-0.1
0.1
0.0
0.1
0.2
0.2
0.0
-0.0
0.1
Apr-26
15.4200
22.0586
18.5957
0.1012
12.7964
0.1726
0.0497
3.8520
0.4760
2.2359
20.6004
11.5958
4.1550
0.0009
2.0618
21.1565
1.3720
15.4200
-
0.1
0.1
-0.1
0.1
-0.0
-0.1
0.1
0.0
0.1
0.1
0.2
0.0
-0.0
0.1
May-26
15.4200
22.0350
18.5827
0.1019
12.8368
0.1723
0.0480
3.8544
0.4798
2.2614
20.8746
11.6866
4.1550
0.0009
2.0616
21.1061
1.3688
15.4200
-
0.1
0.1
-0.0
0.1
-0.0
-0.1
0.1
0.0
0.1
0.1
0.2
-0.0
-0.1
0.1
Jun-26
15.4200
21.6617
18.1685
0.1000
12.6656
0.1732
0.0473
3.7582
0.4689
2.2504
20.1573
11.1745
4.1553
0.0009
2.0600
20.9111
1.3561
15.4200
-
0.0
0.0
-0.1
0.1
-0.0
-0.1
0.0
-0.0
0.1
0.0
0.1
-0.0
-0.1
0.1
Jul-26
15.4200
21.8451
18.2486
0.0993
12.7039
0.1712
0.0473
3.7385
0.4652
2.2624
19.9966
11.3118
4.1553
0.0009
2.0599
21.0279
1.3637
15.4200
-
0.0
0.0
-0.1
0.0
-0.1
-0.1
0.0
-0.0
0.1
-0.0
0.1
-0.0
-0.1
0.0
Aug-26
15.4200
22.1749
18.4750
0.1016
12.8748
0.1676
0.0485
3.7960
0.4705
2.2755
20.1634
11.6629
4.1553
0.0009
2.0610
21.1081
1.3689
15.4200
-
0.0
-0.0
-0.1
0.0
-0.1
-0.1
0.0
-0.0
0.1
-0.0
0.1
0.0
-0.1
-0.0
Sep-26
15.4200
21.6615
18.0727
0.1036
12.8293
0.1666
0.0480
3.7472
0.4650
2.2811
19.5584
11.3467
4.1555
0.0009
2.0592
20.9673
1.3598
15.4200
-
-0.0
-0.0
-0.1
0.0
-0.1
-0.1
0.0
-0.0
0.1
-0.0
0.1
-0.0
-0.1
-0.0
Source: Maldives Monetary Authority; Bank of Maldives Plc; International Monetary Fund
1/Refers to the MMA daily reference exchange rate, which is the mid point of the weighted average buying and selling rates of all commercial banks.
2/Monthly figures represent the average of the MMA daily reference exchange rates for the month. Annual figures represent the average of the MMA daily reference exchange rates for the year.