Convert Maldivian Rufiyaa to New Taiwan Dollar
Please provide values below to convert Maldivian Rufiyaa [MVR] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to New Taiwan Dollar
1 MVR = 0.525734718201941 TWD
Example: convert 15 MVR to TWD:
15 MVR = 15 × 0.525734718201941 TWD = 7.88602077302912 TWD
Maldivian Rufiyaa to New Taiwan Dollar Conversion Table
| Maldivian Rufiyaa | New Taiwan Dollar |
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.