Maldivian Rufiyaa

The Maldivian Rufiyaa decreased to 15.46 in April from 15.75 in March of 2014. Maldivian Rufiyaa averaged 13.58 from 2004 until 2014, reaching an all time high of 15.91 in October of 2012 and a record low of 12.58 in September of 2005. The USDMVR spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDMVR spot exchange rate is quoted and exchanged in the same day, the USDMVR forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Maldivian Rufiyaa - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
15.46 15.75 15.91 12.58 15.51 | 2014/05 2004 - 2014 Daily

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Maldivian Rufiyaa
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Markets Last Previous Highest Lowest Forecast Unit
Currency 15.46 2014-04-18 15.75 15.91 12.58 15.51 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Maldives Tourist Arrivals at 111000.00  
Tourist Arrivals in Maldives increased to 111000 in February of 2014 from 105000 in January of 2014. Tourist Arrivals in Maldives is reported by the Maldives Monetary Authority.
Maldives GDP Annual Growth Rate at 3.70 Percent  
The Gross Domestic Product (GDP) in Maldives expanded 3.70 percent in 2013 from the previous year. GDP Annual Growth Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Inflation Rate at 3.40 Percent  
The inflation rate in Maldives was recorded at 3.40 percent in February of 2014. Inflation Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Interest Rate at 7.00 Percent  
The benchmark interest rate in Maldives was last recorded at 7 percent. Interest Rate in Maldives is reported by the Maldives Monetary Authority.
Maldives Corporate Tax Rate at 0.00 percent  
The Corporate Tax Rate in Maldives stands at 0 percent. Corporate Tax Rate in Maldives is reported by the Inland Revenue Authority.
Maldives Unemployment Rate at 11.70 Percent  
Unemployment Rate in Maldives decreased to 11.70 percent in 2010 from 14.44 percent in 2006. Unemployment Rate in Maldives is reported by the Department of National Planning, Republic of Maldives.
Maldives Balance of Trade at -130.30 USD Million  
Maldives recorded a trade deficit of 130.30 USD Million in December of 2013. Balance of Trade in Maldives is reported by the Maldives Monetary Authority.
Maldives Imports at 156.60 USD Million  
Imports in Maldives increased to 156.60 USD Million in December of 2013 from 132 USD Million in November of 2013. Imports in Maldives is reported by the Maldives Monetary Authority.
Maldives Exports at 23.30 USD Million  
Exports in Maldives decreased to 23.30 USD Million in December of 2013 from 30.10 USD Million in November of 2013. Exports in Maldives is reported by the Maldives Monetary Authority.
Maldives Current Account at -469.30 USD Million  
Maldives recorded a Current Account deficit of 469.30 USD Million in 2013. Current Account in Maldives is reported by the Maldives Monetary Authority.
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LATEST NEWS

Japanese Trade Deficit Widens in March  
Japan’s trade gap increased to a wider-than-expected ¥ 1446.3 billion in March of 2014, up from a revised ¥ 802.5 billion deficit in the previous month and a ¥ 356.9 billion gap a year earlier, as energy imports continued to rise.
Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
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