Maldives Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
Maldives's exchange rate was 15.39 in 2025, ranked 97th globally. This represents a 0.0% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Maldives's exchange rate stood at 15.39 in 2025, a rise of +0.00 from 2024. Based on recent trends, this figure is projected to reach 15.39 by 2025. Maldives ranked 97th globally.
Maldives’ exchange rate has risen steadily since the earliest World Bank observation in 1960, when one U.S. dollar bought 4.76 Maldivian rufiyaa, to an all‑time peak of 15.39 in 2025, ranking the country 97th globally out of 190 economies. The trough occurred in 1974 at 3.93, reflecting a period of relative currency strength that coincided with limited tourism development and modest external debt. Over the 66‑year coverage, the long‑term depreciation mirrors the expansion of the tourism sector, increased import demand, and periodic fiscal deficits, while occasional interventions by the Central Bank of Maldives have tempered volatility. Peer nations with similar rankings, such as Ghana (15.69) and Eritrea (15.07), have experienced comparable depreciation patterns driven by external shocks and commodity price swings. If Maldives sustains its current macro‑economic reforms, diversifies export earnings, and maintains prudent foreign‑exchange reserves, the depreciation trend may moderate, potentially stabilising the rate around the current level.
Data & projection
| Year | Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 15.40 | - | - |
| 2026* trend | 15.40 | - | - |
| 2025* trend | 15.39 | - | - |
| 2025 | 15.39 | +0.00 | #97 |
| 2024 | 15.39 | +0.00 | #111 |
| 2023 | 15.39 | +0.00 | #110 |
| 2022 | 15.39 | +0.01 | #111 |
| 2021 | 15.37 | −0.01 | #115 |
| 2020 | 15.38 | −0.00 | #111 |
| 2019 | 15.38 | −0.01 | #117 |
| 2018 | 15.39 | +0.00 | #117 |
| 2017 | 15.39 | +0.02 | #118 |
| 2016 | 15.37 | +0.00 | #120 |
| 2015 | 15.37 | −0.01 | #120 |
| 2014 | 15.38 | +0.01 | #124 |
| 2013 | 15.37 | +0.00 | #123 |
| 2012 | 15.36 | +0.76 | #123 |
| 2011 | 14.60 | +1.80 | #124 |
Detected Pattern
Analysis
Maldives matched the Fiscal Dominance Trap pattern in 2011. Historically, 72% of countries showing this pattern (278 out of 386) saw exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Maldives's exchange rate was 15.39 in 2025. Ranked 97th globally. This represents a 0.0% increase from the previous year.
Maldives's exchange rate peaked at 15.39 in 2025.
The lowest exchange rate in Maldives was 3.93 in 1974.
Maldives ranks 97th globally in exchange rate as of 2025.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
Maldives's exchange rate is projected to reach 15.39 by 2025 based on trend extrapolation.
The exchange rate of Maldives in 2025 was 15.39. This ranks 97th in the world.
Cite this page
@misc{historysaid_maldives_exchange-rate,
title = {Maldives Exchange Rate},
url = {https://historysaid.com/maldives/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}