Convert Maldivian Rufiyaa to Bosnian Convertible Mark
Convert Maldivian Rufiyaa (MVR) to Bosnian Convertible Mark (BAM) using daily updated exchange rates.
Loading exchange rates...
Exchange Rate
Exchange rates are updated daily.
Loading current rate...
About Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, an archipelago of 1,200 coral islands in the Indian Ocean. The Maldives Monetary Authority (MMA) manages monetary policy. The rufiyaa is pegged to the US Dollar at a rate of approximately 15.42 MVR per USD within a narrow band. The Maldivian economy is almost entirely dependent on tourism - the Maldives is one of the world's premier luxury travel destinations - and fishing. The tourism sector accounts for around 25% of GDP directly and far more indirectly. The rufiyaa is divided into 100 laari.
About Bosnian Convertible Mark
The Bosnian Convertible Mark (BAM) was introduced in 1995 following the Dayton Peace Agreement that ended the Bosnian War. It replaced the Bosnian dinar and has been pegged to the Euro at a fixed rate of 1.95583 BAM per EUR since 1998 (originally pegged to the Deutsche Mark). This currency board arrangement ensures full convertibility and monetary discipline. The Central Bank of Bosnia and Herzegovina issues the BAM but has no power to conduct independent monetary policy due to the peg. The "marka" design on banknotes reflects both Bosniak and Croat cultural heritage.
Quick Reference Table
| Maldivian Rufiyaa (MVR) | Bosnian Convertible Mark (BAM) |
|---|---|
| Loading rates... | |
Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).