Where to exchange money in Male
Are you heading to Male? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Male that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Where to exchange money in Male
Are you heading to Male? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Male that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Male
Consider using digital alternatives like Wise when looking at currency exchanges. If you still need to have some physical cash, here are a list of currency exchanges you can find in Male.
A reminder from us - There's no such thing as 0% commission or fee-free so remember to do your research and make an informed decision.
| Money Changer | Address | Contact Information |
|---|---|---|
| Sago Money Exchange | 6G5R+9PF, Malé, Maldives | +960 947-7100 |
| MS Finance Currancy Exchange ( E and P ) | Chaandhanee Magu, Malé, Maldives | +960 777-9292 |
| Money Exchange My Zone | Chaandhanee Magu, Malé, Maldives | +960 777-5042 |
| Western Union | 5GF7+VJ7, Malé, Maldives | +960 333-2777 |
| Currency Exchange | Airport Main Rd, Malé 22000, Maldives | |
| NBL Money Transfer Pte Ltd | Gadhamoo, Boduthakurufaanu Magu, Male,, Malé, Maldives | +960 333-5512 |
| Currency Exchange | Ground Floor, 20189 Chaandhanee Magu, Malé, Maldives | |
| Maldives Stock Exchange | H.Gadhamoo (3rd Floor) Boduthakurufaanu Magu, Malé 20066, Maldives | +960 330-7878 |
| inter ocean money exchabge | SP Villa, 20003 Roashanee Magu, Malé, Maldives | +960 779-5456 |
| CURRENCY EXCHANGE | 5GG8+XW6, Boduthakurufaanu Magu, Malé 20002, Maldives | +960 980-3481 |
| Unity Exchange Pvt Ltd | M Zaab Fareedhee Magu Male, 20191 Fareedhee Magu, Malé 20191, Maldives | |
| ALP MONEY EXCHANGE | 20087 Abadhah Fehi Magu, Malé, Maldives |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Maldivian rufiyaa rate today
When you're in Male, and also the rest of Maldives, the official currency is the Maldivian rufiyaa.
Yet, when you step into a currency exchange shop, you'll notice they use currency codes. The code associated with the Maldivian rufiyaa is MVR, so be sure to take note of it when comparing exchange rates.
What you should know about exchanging money in Male
You can follow a few simple tips which could help save money when exchanging currency in Male. By increasing your awareness you can be better prepared for currency exchanges wherever you are.
1. Beware of 'zero fee' services
Some services will claim 'no commission'. This can be misleading as they will often have hidden a markup by offering you a worse exchange rate.
2. Know the current exchange rate
Be familiar with the current exchange rate to help identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
The convenience of exchanging currency at airports and hotels often comes at a price. That price will come as poor exchange rates and high transaction fees. Try to use this as a last resort.
4. Avoid scams
Be cautious of street vendors or unofficial exchange services that may offer seemingly attractive rates. Stick to recognised establishments to avoid falling victim to scams or fraudulent practices. Your financial security should always be a top priority.
5. Opt for local currency
When using an ATM abroad, pick the option to be charged in Maldivian rufiyaas for a fairer rate to avoid undisclosed exchange rates. Picking the local currency will almost always be cheaper.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Male. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.