Converting from Maldives Rufiyaa (MVR) to São Tomé and Príncipe Dobra (STN)

What is Maldives Rufiyaa (MVR)

The Maldives Rufiyaa (MVR) is the official currency of the Maldives, an island nation located in the Indian Ocean. The Rufiyaa is subdivided into 100 laari, which are the smaller denominations. The currency is symbolized by "Rf" or "MVR" when denoting the currency in writing.

The Rufiyaa was introduced in 1981, replacing the previous currency, the Maldivian Rufiyaa, at a rate of 1:1. The currency is issued and regulated by the Maldives Monetary Authority (MMA). The Rufiyaa is used for all transactions within the country, including tourism, commerce, and trade.

Travelers and residents alike often encounter banknotes in various denominations, including 20, 50, 100, 500, and even 1000 Rufiyaa. Additionally, coins come in denominations of 1, 2, 5, 10, 25, and 50 laari, as well as 1 and 2 Rufiyaa coins. The currency is easily recognizable due to its colorful designs featuring images of important Maldivian historical figures, landmarks, and marine life.

What is São Tomé and Príncipe Dobra (STN)

The São Tomé and Príncipe dobra (STN) is the official currency used in São Tomé and Príncipe, a small island nation located in the Gulf of Guinea, off the western coast of Central Africa. The dobra is also subdivided into 100 centavos, making it a familiar decimal currency structure.

Initially introduced in 1997, the current dobra is the second version of the currency, as the first was replaced in order to stabilize the economy. The Central Bank of São Tomé and Príncipe is responsible for issuing and managing the dobra. In everyday transactions, the currency can be noted with the symbol "Db" or "STN" to represent the currency in writing.

The banknotes of the STN come in several denominations: 1, 2, 5, 10, 20, 50, 100, and 500 dobras. They feature vibrant colors and designs highlighting the rich biodiversity and culture of São Tomé and Príncipe. The coins, which are also an integral part of everyday transactions, include denominations of 1, 5, 10, 50 centavos, alongside 1 and 5 dobras.

Converting MVR to STN

To convert Maldives Rufiyaa to São Tomé and Príncipe dobra, one must check current exchange rates, as they fluctuate based on various market conditions. An easy approach is to use the formula:

Converted Amount = Amount in MVR × Exchange Rate (MVR to STN)

For example, if 1 MVR converts to 5 STN, then exchanging 10 MVR would yield:

Converted Amount = 10 MVR × 5 STN/MVR = 50 STN

It is advisable to consult reliable financial websites or currency exchange services to get the most accurate and updated rates before making any conversions or transactions.