Maldivian rufiyaa to Euro — exchange rate

Country of Circulation: Maldives

Currency Code, Symbol: MVR, Rf

Denominations of coins in circulation: 1 laari, 2 laari, 5 laari, 10 laari, 25 laari, 50 laari, Rf 1, Rf 2

Denominations of banknotes in circulation: Rf 5, Rf 10, Rf 20, Rf 50, Rf 100, Rf 500, Rf 1000, Rf 5000

History: The Maldivian rufiyaa (MRF) is the currency of the Republic of Maldives, and it is only used within this country. In the international currency arena and in currency exchange, it is named MVR. The Maldivian rufiyaa can be exchanged for laari.One MVR equals 100 laari. The currency has officially appeared in 1947, replacing the outdated Ceylonese rupee. Interestingly, the first currency of the Maldives was cowrie shells. It is a sea mollusk that lives in this latitude. The shells were used in commerce up until the 14th century. One golden dinar is worth 400 thousand cowries.Read More

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More