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Exchange rates for the Deutsche Mark in the Maldives / DEM 1 = MVR ... (selling) / up to 1998

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Time series key BBEX3.A.MVR.DEM.CA.AB.A04
Unit MVR
Dimension one
Timespan from 1982 to 1998
Last update 20.09.2023 12:49:50 PM
   
General The multiple exchange rate system was unified on 25 January 1982. Listed against the euro as of January 1999, see BBEX3:A:MVR:EUR:CA:AC:A04.
Methodology Calculated on the basis of month-end rates.
Source Maldives Monetary Authority, Male.
   
Comment on 1987 With effect from 1 March 1987, the rufiyaa was devalued. We recorded the following exchange rates (buying/selling rate): 28 February 1987: DEM 1 = MVR 3.8724 / 3.9268 1 March 1987: DEM 1 = MVR 5.4741 / 5.5835 On the basis of the above-mentioned rates, the rufiyaa experienced a devaluation of 29.5% (on average) against the Deutsche Mark.
Comment on 1985 No exchange rate data are available for July 1985.