LocalExchangeRates.com

Official Rate Sheet: Singapore Dollar (SGD) / Maldivian Rufiyaa (MVR)

Date generated:

Mid-Market Rate: 1 SGD = 12.0792 MVR

Real-Time Interbank Wholesale Feed: October 6, 2026

Singapore Dollar to Maldivian Rufiyaa Exchange Rate (SGD to MVR)

Real-time mid-market wholesale rate with zero retail markup. Check benchmark pricing before bank conversion or international wire transfer.

Bottom Line Up Front (BLUF): How much is 1,000 SGD in MVR?

1 SGD = 12.0792 MVR

At the current mid-market wholesale exchange rate, converting 1,000 Singapore Dollar (SGD) yields approximately 12,079.16 Maldivian Rufiyaa (MVR) (inverse rate: 1 MVR = 0.0828 SGD). This rate represents the pure interbank benchmark. Retail dealers and commercial banks typically apply a commercial spread between 1.5% and 3.5%. View live calculations, historical charts, and provider spreads below.

You Pay (Amount): SGD

You Receive (Estimate): MVR

Wycena na podstawie średniego kursu międzybankowego (0,00% marży)

Kurs rynkowy: 1 SGD = 12.0792 MVR

Kurs odwrotny: 1 MVR = 0.0828 SGD

Status danych: Live Data (Redis)

Looking for reverse calculation? Check MVR to SGD (Maldivian Rufiyaa to Singapore Dollar) Live Converter →

SGD to MVR Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Singapore Dollar against Maldivian Rufiyaa

Period High

12.2241 MVR

Period Low

11.9342 MVR

Volatility / Avg

12.0792 MVR

Mid-Market Trend

+0.25%

30-Day Range (1M) Position: 50% range

Min: 11.9342 MVR

Max: 12.2241 MVR

52-Week Range (1Y) Current Position: 65% Range

Min: 11.6564 MVR

Max: 12.5019 MVR

Standard Denomination Conversion Matrix (SGD & MVR)

Wholesale interbank rate matrix with zero retail markup or hidden fees.

Singapore Dollar → Maldivian Rufiyaa (SGD / MVR)

Wholesale Benchmark

Singapore Dollar (SGD)	Maldivian Rufiyaa (MVR)
1 SGD	12.08 MVR
5 SGD	60.40 MVR
10 SGD	120.79 MVR
25 SGD	301.98 MVR
50 SGD	603.96 MVR
100 SGD	1,207.92 MVR
200 SGD	2,415.83 MVR
250 SGD	3,019.79 MVR
500 SGD	6,039.58 MVR
1,000 SGD	12,079.16 MVR
2,500 SGD	30,197.91 MVR
5,000 SGD	60,395.82 MVR
10,000 SGD	120,791.63 MVR

Maldivian Rufiyaa → Singapore Dollar (MVR / SGD)

Wholesale Benchmark

Maldivian Rufiyaa (MVR)	Singapore Dollar (SGD)
1 MVR	0.08 SGD
5 MVR	0.41 SGD
10 MVR	0.83 SGD
25 MVR	2.07 SGD
50 MVR	4.14 SGD
100 MVR	8.28 SGD
200 MVR	16.56 SGD
250 MVR	20.70 SGD
500 MVR	41.39 SGD
1,000 MVR	82.79 SGD
2,500 MVR	206.97 SGD
5,000 MVR	413.94 SGD
10,000 MVR	827.87 SGD

Provider / Channel	SGD/MVR Effective Exchange Rate	Estimated Fee	Estimated Received (MVR)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	12.0792 MVR	0.00%	60,395.82 MVR	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	11.6564 MVR	~3.50%	58,281.96 MVR	-2,113.85 MVR
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	10.8712 MVR	~10.00%	54,356.23 MVR	-6,039.58 MVR

1 SGD to MVR: Singapore Dollar to Maldivian Rufiyaa Exchange Guide

Searches for 1 SGD to MVR or convert SGD to MVR describe the amount of Maldivian Rufiyaa received per 1 Singapore Dollar. At today's wholesale baseline of 1 SGD = 12.0792 MVR (inverse: 1 MVR = 0.0828 SGD), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Singapore ↔ Maldives)

Whether remitting money internationally or budgeting for travel, benchmark retail bank quotes against the wholesale mid-market rate to avoid excessive markups.

🏦 Commercial Bank Spreads

Major commercial banks typically add markups between 1.5% and 3.5% on foreign currencies, whereas digital multi-currency accounts operate with tighter margins.

📈 Monetary Policy Drivers

Interest rate decisions and monetary policies set by Monetary Authority of Singapore (MAS) and Maldives Monetary Authority (MMA) shape the medium-to-long term valuation of SGD/MVR.

SGD and MVR Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for Singapore and Maldives.

How the SGD to MVR Exchange Rate Works

Foreign exchange transactions between Singapore (SGD) and Maldives (MVR) trade continuously on global wholesale interbank currency markets. The mid-market rate represents the exact mathematical midpoint between institutional buy (bid) and sell (ask) quotes without retail dealer markups.

Key considerations when converting or transferring between SGD and MVR:

Banking Channel Selection: Digital banking transfers and specialized multi-currency accounts generally offer exchange margins of 0.2% to 0.8%, whereas airport physical cash booths frequently charge 8% to 12% over the interbank baseline.
Central Bank Oversight & Policy: Monetary policy decisions, policy interest rate differentials, and currency reserves managed by Monetary Authority of Singapore (MAS) and Maldives Monetary Authority (MMA) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Singapore and Maldives exceeding equivalent to 10,000 USD or EUR are legally required to file written declarations with border authorities.
Avoid Dynamic Currency Conversion (DCC): When using payment cards abroad or withdrawing cash from ATMs, always elect to be billed in the local currency (MVR) rather than your home billing currency to bypass costly DCC conversion markups.

LocalExchangeRates aggregates real-time wholesale interbank benchmarks to provide users with transparent, independent currency valuation.

Frequently Asked Questions: Singapore Dollar to Maldivian Rufiyaa Conversion

Common questions regarding Singapore Dollar to Maldivian Rufiyaa conversion, bank spreads, and transfer costs.

How much is 1,000 SGD in MVR today?

At the current mid-market exchange rate (1 SGD = 12.0792 MVR), 1,000 Singapore Dollar equals approximately 12,079.16 Maldivian Rufiyaa. Retail exchange bureaus and commercial banks typically apply a 1.5% to 3.5% transaction spread.

Where can I get the best exchange rate for Singapore Dollar?

To secure the best rates, avoid airport currency kiosks which routinely apply markups exceeding 8% to 12%. Converting currency at major commercial banks or using a low-fee multi-currency card typically delivers the closest rate to the mid-market benchmark.

Are there cash declaration limits when traveling with SGD?

Most international customs jurisdictions mandate a formal declaration when carrying physical cash or negotiable instruments exceeding the equivalent of 10,000 USD or EUR. Check with local customs authority (Monetary Authority of Singapore (MAS)) prior to departure.

Does the exchange rate fluctuate during weekends?

Global interbank foreign exchange markets close on Friday evening (5:00 PM EST) and reopen on Sunday evening. Over the weekend, rates remain static at the Friday close, though retail providers may widen spreads to offset volatility risks.

How is the mid-market exchange rate calculated?

The mid-market exchange rate is the exact midpoint between global wholesale institutional buy (bid) and sell (ask) quotes. It serves as the global benchmark without any added retail broker or banking markup.