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. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
15.46 15.75 15.91 12.58 15.43 | 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 2014-04-23 15.75 15.91 12.58 15.43 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 Government Debt To GDP at 34.90 Percent  
Maldives recorded a Government Debt to GDP of 34.90 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Maldives is reported by the Maldives Monetary Authority.
Maldives Current Account to GDP at -20.50 Percent  
Maldives recorded a Current Account deficit of 20.50 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Maldives is reported by the Maldives Monetary Authority.
Maldives Balance of Trade at -90.90 USD Million  
Maldives recorded a trade deficit of 90.90 USD Million in February of 2014. Balance of Trade in Maldives is reported by the Maldives Monetary Authority.
Maldives Imports at 115.70 USD Million  
Imports in Maldives decreased to 115.70 USD Million in February of 2014 from 161.10 USD Million in January of 2014. Imports in Maldives is reported by the Maldives Monetary Authority.
Maldives Exports at 24.80 USD Million  
Exports in Maldives decreased to 24.80 USD Million in February of 2014 from 32.50 USD Million in January of 2014. Exports in Maldives is reported by the Maldives Monetary Authority.
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.
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LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
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