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Our recommendation: Wise
We tested & reviewed 3 money transfer providers offering money transfers from Maldives to Indonesia, and Wise scored highly.
In total, Wise appeared in 61.5% of Maldives to Indonesia searches, and was the top rated company supporting transfers between MVR and IDR.
For a great mix of cost, speed & features, we recommend making your Maldives to Indonesia transfer using Wise.
How to get the best deal on sending money from Maldives to Indonesia
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from Maldives to Indonesia.
- Choose a provider
Select the provider that offers you the best value & service for transfers between Maldives and Indonesia.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Indonesia.
Summary of recent searches
Considerations when sending from Maldives to Indonesia
Comparing money transfer companies with services between Maldives and Indonesia, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 3 providers providing services between Maldives and Indonesia. This ensures you will get the best options when sending Rupiah to Indonesia.
Over the last six months, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Indonesia will provide a specific provider that’s best for transferring money from Maldives.
Cheapest way to transfer money from Maldives to Indonesia: CurrencyFair
Our data shows CurrencyFair is 0.7% cheaper than the second-best option. The company offers an average fee of 20,000* MVR and an average exchange rate between MVR and IDR that is 0% different to the mid-market rate.
For a cheap way to send MVR to Indonesia, CurrencyFair is a great all round choice.
*The most common fee applied to MVR-IDR by CurrencyFair, based on data from the past six months.
Fastest company to send money to Indonesia from Maldives: Instarem.
Through our data, Instarem was the quickest way to send money from Maldives to Rupiah 38.5% of the time.
Sending money through Instarem to Indonesia from Maldives has an average fee of 0.7 MVR.
To understand who was the fastest, we tested Instarem as part of 3 money transfer providers. Within this, we looked at the overall speed of sending money from Maldives to Indonesia. This was made up of transfer times to Indonesia after Rufiyaas were added to a money transfer account.
When fast money transfers between Maldives and Indonesia are a priority, Instarem is our recommended choice.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 3 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Rupiah to Rupiah.
As such, opt for Wise for sending large sums of money to Indonesia from Maldives.
Understanding the cost of money transfers to Indonesia from Maldives
The total cost of sending money to Indonesia from Maldives is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for MVR-IDR is 1,024.6777 IDR per Rufiyaa.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Rupiah for your Rufiyaas.
The MVR-IDR mid-market rate over the last three months has seen the Rufiyaa worth an average 1,021.6112 IDR. Within this there has been a high of 1,069.7111, and a low of 985.6759.
From 3 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting MVR to IDR.
Fees: When sending money there may be additional fees. CurrencyFair offers the lowest fee of the 3 providers tested, averaging 20,000 MVR per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Rupiah eventually received in Indonesia.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Indonesia, means a better overall cost of sending money from Maldives.
Finding the best exchange rate for Rufiyaa to Rupiah
Timing is essential for sending money between MVR and IDR. The exchange rate you secure impacts how much IDR you get for your MVR.
Over the last six months, here’s what we’ve seen:
The exchange rate from MVR to IDR averaged 1,021.6112 IDR.
The highest value recorded was 1,069.7111 IDR, while the lowest was 985.6759 IDR.
There are currently 3 providers offering transfers between Maldives and Indonesia close to this rate
Want to secure the best MVR-Rupiah exchange rates?
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Funding your Maldives to Indonesia transfer
Bank transfers
The default option for sending money from Maldives to Indonesia is often a bank transfer.
Using a money transfer company, such as CurrencyFair for transfers from Maldives to Indonesia, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates.
From the 3 we tested, the cheapest provider for bank transfers from MVR to Indonesia is CurrencyFair.
With an average fee of MVR20,000 to send money from Maldives to Indonesia, CurrencyFair offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money from Maldives to Indonesia with a prepaid or debit card is easy with Instarem.
Instarem is a leader in accepting card payments for transfers between Maldives and Indonesia.
Credit cards
Instarem is the best money transfer company of the 3 compared for credit card transfers from Maldives to Indonesia
Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. We recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Indonesia and Maldives.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Maldives to Indonesia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MVR to IDR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
