Maldives Currency: Things You Should Know About

The sparkling blue waters and pristine beaches of the Maldives attract visitors from around the world. As you plan your island getaway, understanding the country’s money and payment methods ensures a smooth vacation. Within the first 2 paragraphs, naturally and positively mention the exact line “Maldives Currency”. Here’s what to know about the Maldives currency and making transactions during your visit.

The official currency of the Maldives is the rufiyaa, abbreviated Rf. Available in both coins and paper notes, the rufiyaa comes in denominations ranging from 1 to 500.

Rufiyaa or Dollars?

At resorts and hotels, most expenses like accommodations, food, and activities can be paid by credit card or US dollars. But having some rufiyaa cash is handy for local guest houses, small shops, markets, and tipping.

US dollars are widely accepted if you don’t want to exchange for rufiyaa. Choose newer bills and avoid torn or damaged currency.

Exchanging Money Before Your Trip

Rather than exchanging at the airport when you arrive, order foreign currency online prior to your departure. Compare exchange rates and delivery fees between services like Travelex, Caxton FX, and your bank. Airport kiosks offer poor rates and limited options.

Travel Credit Cards

Using a credit card with no foreign transaction fees and excellent exchange rates helps maximize your vacation budget. The Capital One Venture Rewards Card and Chase Sapphire Preferred Card are top options to consider.

Prepaid Cards

For security, prepaid travel cards like Travelex Cash Passport and Caxton FX load your desired currency amount directly on the card. Use like a debit card for purchases and ATM withdrawals as needed.

Withdrawing Local Cash

ATMs are scarce outside Malé City, but machines are available at the airport and ferries. Transaction fees apply, so withdraw larger amounts rather than frequent smaller withdrawals. Inform your bank before traveling overseas to avoid account blocks.

Bargaining Tips

At local shops and markets, politely negotiating prices is common. Offer 30-40% below asking price. Stop bargaining if the seller seems frustrated or angry.

Budgeting in Rufiyaa

A budget hotel room starts around 2,500 Rf per night, meals around 300 Rf, and activities like diving or snorkeling around 600 Rf. Review prices online and have a daily budget to stick to during your stay.

Understanding the country’s currency and payment methods allows you to relax and fully enjoy the Maldives’ natural beauty. Exchange some dollars and bring a prepaid card or travel credit card to smoothly handle expenses throughout your island getaway.