How to send money to Seychelles in 2026: the rupee rate, free transfers inside the country and a house for a foreigner
Seychelles has 7 banks and a credit union, and the rupee rate is built from the banks' rates: on 7 October 2026 it was 14.74 per dollar. We explain which details are needed, why transfers inside the country are free and what approval for a foreigner to buy a house has cost since 2025.
In short
- The average bank rate on 7 October 2026 is 14.74 rupees per dollar.
- Transfers between banks inside the country have been free of charge for the client since 2020.
- A foreigner buys a house with government approval, from 10,000,000 rupees ($680,000).
- The approval duty is 12% of the market value, and the approval is valid for 1 year.
In detail
Money is sent to Seychelles to an account at one of the country's 7 banks or at the Seychelles credit union: a transfer takes 1-3 business days, and the recipient gives the international account number introduced on 1 October 2016. The recipient's bank exchanges the sum into rupees: on 7 October 2026 the average bank rate was 14.74 rupees per dollar. Inside the country money moves between banks free of charge for the client.
| Method | On 8 October 2026 | What you need |
|---|---|---|
| A transfer from abroad to an account at a Seychelles bank | works, 1-3 business days | the international account number, the name |
| A transfer between banks inside the country | free of charge for the client since 2020 | the recipient's account number and name |
| Paying the seller for a house or land | after government approval | the contract, the approval, papers on the origin of the money |
| The duty for the purchase approval | 12% of the market value | a valuation of the property |
Average bank rate according to the Central Bank of Seychelles on 7 October 2026: 14.74 rupees per dollar. The table was checked on 8 October 2026, dollars rounded up.
The Seychelles rupee: the banks' rate and free transfers inside the country
Every day the Central Bank of Seychelles publishes the average rate at which the country's banks buy and sell currency. In early October 2026 the rupee barely moved:
| Date | Rupees per dollar |
|---|---|
| 1 October 2026 | 14.67 |
| 6 October 2026 | 14.70 |
| 7 October 2026 | 14.74 |
Rates according to the Central Bank of Seychelles. On 7 October 2026 the euro cost 16.47 rupees. Money arrives in dollars or euros, and the recipient's bank exchanges it into rupees at the day's rate: $10,000 gives 147,368 rupees.
Inside the country money between all banks and the credit union goes through the electronic funds transfer system, and since 2020 banks have charged clients nothing for such transfers. In 2021, 93% of the country's electronic transfers went through it. Life in the capital is described in the Victoria guide.
Your bank does not send payments to Seychelles directly? A manager will choose a legal route through a bank in a third country for your amount and currency.
A house in Seychelles for a foreigner: approval, 12% duty and a $680,000 threshold
In January 2025 the government of Seychelles reopened home purchases to foreigners. A foreigner buys a house or land with government approval, and the terms approved on 23 January 2025 are as follows:
| Condition | On 8 October 2026 | In dollars |
|---|---|---|
| A house or a flat with housing | from 10,000,000 rupees | from $680,000 |
| Land with no house | from 4,000 rupees per m², a plot of 2,000-4,000 m² | from $280 per m² |
| Duty for the approval | 12% of the market value, 1.5% for a flat in a residential complex | by valuation |
| Application fee | 3,000 rupees | $210 |
| Validity of the approval | 1 year | - |
Terms under the government decision of 23 January 2025, in dollars at the rate of 7 October 2026. Example: for a house worth 10,000,000 rupees the duty will be 1,200,000 rupees, or $82,000, on top of the house price.
How a purchase works is explained on the property in Seychelles page. The transfer for the deal is planned around the approval term: it is valid for 1 year, and within that time the money, with papers on its origin, must reach the seller.
We will help you send money to Seychelles
Mistakes cost more than fees: money for a house sent before government approval, the 12% duty left out of the calculation, dollars exchanged into euros and back on the way with a double loss, a Seychelles bank with no papers on the origin of the money. We will help you avoid them: we choose a legal transfer route from your country, prepare source-of-funds documents for the Seychelles bank and carry out the transfer through licensed partners until it is credited.
Details and cost are with a manager in the chat: the calculation depends on the amount, the sending country and the purpose of the transfer.
A transfer to Seychelles from $10,000: papers for a bank in Victoria
A Seychelles bank asks more questions the larger the transfer. The procedure on 8 October 2026:
| Amount | The question of a bank in Seychelles | Documents |
|---|---|---|
| Up to $10,000 | who the recipient is and why the transfer | the details, a lease or employment contract |
| $10,000-100,000 | the source of the money | 6-month statements, an income certificate |
| From $100,000 | the whole path of the money | a property sale contract, a tax return, account statements |
How to prove the origin of money is explained in proof of source of funds, sending large sums abroad and moving home sale proceeds abroad.
Buying a house on Mahé or Praslin from $680,000? A specialist will gather source-of-funds documents for the Seychelles bank and carry out the transfer through licensed partners until it is credited; options for moving capital are on the capital relocation page.
Onward from Victoria: where money goes from the islands
From Seychelles money most often leaves for children's studies and for the families of contract workers:
- The UAE - the dirham is pegged to the dollar at 3.6725
- The United Kingdom - deposits insured up to $160,000 at one bank
- France - a notary is paid only by transfer
- Australia - Australian dollars to an account
Sending money to nearby countries
- Mauritius - currency in 1-3 days, a flat in rupees
- The Maldives - dollars or rufiyaa in 1-3 days
- Sri Lanka - a flat through an inward investment account
- India - rupees and the purpose of every payment
- Comoros - euros and francs to family on the islands
- Madagascar - the big neighbour across the Mozambique Channel
All ways to move capital are on the capital relocation page.
FAQ
How many rupees do you get for a dollar in Seychelles in October 2026?
Can a foreigner buy a house in Seychelles?
Does the client pay for a transfer between banks inside Seychelles?
How long is approval to buy property in Seychelles valid?
We will suggest the best way to send your money
We will choose a transfer method for your amount and country, prepare the documents on the origin of the money for the bank, make the transfer through licensed partners and follow it until the money is credited. Ask your question in the chat - the manager will suggest the best terms and the cost. The legal side with banks and government bodies is handled by Murblz specialists and locally licensed partners.
Details and cost are with the manager in the chat. Describe your situation and we will reply right away.
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