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Send money from Maldives to Philippines
While you can’t send MVR to PHP with Wise, you can transfer USD to USD.
"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."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
How to send money from Maldives to Philippines
Sending money from Maldives to Philippines doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
Wise (USD/USD or EUR/EUR transfers)
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.
Sending money from Maldives to Philippines: key insights and tips
Don't settle for the first option. Always compare ways to send money from Maldives to Philippines to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Maldives and Philippines. Through this, you get a comprehensive view of all the options you have in Maldives when you need to send money to Philippines.
Cheapest way to send money from Maldives to Philippines
Without any money transfer providers serving the Maldives to Philippines route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Maldives to Philippines
When calculating the costs of money transfers between Maldives and Philippines, here's what really matters:
The Mid-Market Rate: Today, the MVR-PHP mid-market rate equals to 3.6731. Keep in mind that this rate fluctuates all the time.
The MVR-PHP average exchange rate of the past week has been 3.6684, with a highest of 3.6804 and a lowest of 3.6637.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your MVR to PHP transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
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 week, here’s what we’ve seen:
The exchange rate from MVR to PHP averaged 3.6684 PHP.
The highest value recorded was 3.6804 PHP, while the lowest was 3.6637 PHP.
There are currently 2 providers offering transfers between Maldives and the Philippines close to this rate
Want to secure the best MVR-Philippine Peso exchange rates?
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What payment methods are available when sending money from Maldives to Philippines?
Sending bank transfers from Maldives to Philippines
Bank transfers are the most common way of sending MVR to Philippines as they are secure, reliable, and convenient.
If you want to send Rufiyaas to Philippines via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Maldives to Philippines by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Rufiyaas to Philippines with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Maldives to Philippines by payment apps
If you’d like to send money from Maldives to Philippines via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Maldives to Philippines.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Philippines in Philippine Peso at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Maldives to Philippines after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the MVR to PHP exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of MVR to PHP is 3.6731
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.
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