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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Most transfers are instant or same-day. Customers can earn rewards on every transaction."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Best option: Wise
We tested & reviewed 3 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 75% of Maldives to Philippines searches, and was the top rated company supporting money transfers between MVR and PHP.
For a great mix of cost, speed & features, transfer from Maldives to Philippine Peso using Wise.
How to get the best deal on sending money from Maldives to Philippines
- 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 Philippines.
- Choose a provider
Select the provider that offers you the best value & service for transfers between Maldives and Philippines.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to the Philippines.
Summary of recent searches
Understanding Maldives to Philippines money transfers
Comparing providers when sending money from Maldives to the Philippines is the easiest way to make a transfer at the best price.
We’ve compared 3 providers for sending Rufiyaa to Philippines. This ensures you will get the best options for your transfer to the Philippines from Maldives.
We rate Wise as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Maldives to the Philippines.
Cheapest way to transfer money from Maldives to Philippines: Wise
Data collected over the past six months shows that Wise is 9.7% cheaper than the second-best option.
This includes an average transfer fee of 1.82* MVR an exchange rate for buying Philippine Peso with Rufiyaas that is 0.02% different to the mid-market rate.
If you want to secure the best rates on transfers from Maldives to Philippines, Wise will result in the most Philippine Peso received.
*The most common fee applied to MVR-PHP by Wise, based on data from the past six months.
Fastest company to send money to the Philippines from Maldives: Wise.
Through our data, Wise was the quickest way to send money from Maldives to Philippine Peso 65% of the time.
Sending money through Wise to the Philippines from Maldives has an average fee of 11.81 MVR.
To understand who was the fastest, we tested Wise as part of 3 money transfer providers. Within this, we looked at the overall speed of sending money from Maldives to the Philippines. This was made up of transfer times to the Philippines after Rufiyaas were added to a money transfer account.
When fast money transfers between Maldives and the Philippines are a priority, Wise is our recommended choice.
Transfer a large sum of money
From 3 money transfer companies compared, Wise is the best option for large transfers from Maldives to the Philippines.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Maldives to the Philippines can become expensive if you use a bank, or the wrong provider.
Wise is the top choice for sending large sums of money to the Philippines from Maldives because they offer a strong service and competitive exchange rates.
Understanding the cost of moving money from Maldives to Philippines
The total cost of sending money to the Philippines from Maldives, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for MVR-PHP is 3.7952 PHP per Rufiyaa.
Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Rufiyaa.
The average MVR-PHP mid-market rate for the last three months has been 3.7178 PHP per Rufiyaa. This includes a high of 3.815, and low of 3.6232.
Out of the 3 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting MVR to PHP should be the biggest determining cost factor when transferring Rufiyaa to the Philippines.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Instarem, with a fee average of 1.82 MVR per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Philippine Peso eventually received in the Philippines.
A lower cost of sending from Maldives will result in more money received in the Philippines.
Finding the best exchange rate for Rufiyaa to Philippine Peso
Timing is essential for sending money between MVR and PHP. The exchange rate you secure impacts how much PHP you get for your MVR.
Over the last six months, here’s what we’ve seen:
The exchange rate from MVR to PHP averaged 3.7178 PHP.
The highest value recorded was 3.815 PHP, while the lowest was 3.6232 PHP.
There are currently 3 providers offering transfers between Maldives and the Philippines close to this rate
Want to secure the best MVR-Philippine Peso exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Maldives to Philippines!
Payment options for transfers from Maldives to Philippines
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Maldives to the Philippines.
Using a money transfer company such as Wise for payments from Maldives to the Philippines, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Wise is the best money transfer provider for bank transfers of the 3 we compared when sending MVR to the Philippines.
With an average fee of 19.57 MVR to transfer money from Maldives to the Philippines, Wise offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Maldives to the Philippines is easy with Instarem.
Instarem is a leader in debit card money transfers from Maldives to the Philippines. They are the best option of the 3 transfer companies compared.
Credit cards
When it comes to credit card transfers from Maldives to the Philippines, Instarem is the top choice of the 3 companies offering this service.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why 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 Philippines 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 Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MVR to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
