XAF to MVR - Currency converter

Explore the Currency Pair Maldivian Rufiyaa (MVR) and Central African CFA Franc (XAF)

The currency pair Maldivian Rufiyaa (MVR) and Central African CFA Franc (XAF) represent two unique economies from different parts of the world. In this article, we will provide an overview of these currencies and their respective economic backgrounds. You can also use our currency converter to easily switch between MVR and XAF, or other currencies, directly on this page.

Maldivian Rufiyaa (MVR)

The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, an archipelago located in the Indian Ocean. The currency was introduced in 1947 and has since been a stable part of the country's economy. The Maldives is known for its thriving tourism industry, which is one of the largest contributors to the country's GDP. Rufiyaa is divided into 100 laari and is often symbolized by ރ or MVR.

Economic Factors Affecting MVR

Tourism is one of the major factors affecting the value of MVR. Other important factors include fish exports and international investments. The currency's stability also depends on the government's economic policies and global economic trends.

Central African CFA Franc (XAF)

The Central African CFA Franc (XAF) is the currency used by several countries in Central Africa, including Cameroon, Chad, Central African Republic, Congo-Brazzaville, Equatorial Guinea, and Gabon. The currency was introduced in 1945 and is pegged to the euro, providing a certain level of stability. XAF is divided into 100 centimes and is often symbolized by ₣ or XAF.

Economic Factors Affecting XAF

XAF is affected by several factors, including oil exports, agricultural products, and international trade. The currency's stability also depends on the economic policies of the countries using it, as well as their relations with the European Union.

Convert Between MVR and XAF

With our user-friendly currency converter, you can easily switch between Maldivian Rufiyaa (MVR) and Central African CFA Franc (XAF), or other currencies. Follow these simple steps:

1. Enter the amount you want to convert.
2. Select the base currency (MVR or XAF).
3. Choose the target currency (MVR or XAF).
4. The conversion will then happen automatically.

A chart displaying historical figures for the currency pair will be presented along with the conversion, giving you a clear picture of how the currencies have performed over time.

Final Thoughts

Understanding the currency pair Maldivian Rufiyaa (MVR) and Central African CFA Franc (XAF) can provide insights into the economic dynamics of the Maldives and Central Africa. Use our currency converter to make exchanges easy and seamless.