The Qatar Riyal (QAR) is the official currency of Qatar, and if you're planning a trip or business in the country, it's essential to know how to convert your money. According to the article, the exchange rate of 1 QAR is approximately 0.027 USD.
To give you a better idea, let's look at some examples of everyday items and their prices in Qatar. A cup of coffee costs around 15 QAR, which is roughly 0.40 USD.
USD to QAR Exchange Rates
The Qatari riyal is pegged to the US dollar at a fixed exchange rate of US$1 = QR 3.64. This rate was set by Royal Decree No.34 of 2001, signed by Hamad bin Khalifa Al Thani, Emir of Qatar.
The Qatar Central Bank has the authority to determine the volume and time of sale of US dollars and the associated conditions of such sales and payments. This is stated in Article (2) of the Royal Decree.
The Qatari riyal exchange rate has fluctuated slightly, with a 30 day high of 3.6458 and a 30 day low of 3.6447. This means the 30 day average was 3.6452.
The 90 day average exchange rate is 3.6455, with a 90 day high of 3.6470 and a 90 day low of 3.6447. There was no change in the 90 day average exchange rate.
Converting Currency
You can easily convert Qatari rials to other currencies using a currency converter. Simply type in the box how much you want to convert.
To convert QAR to USD, select QAR in the first dropdown and USD in the second dropdown. Our currency converter will show you the current QAR to USD rate and how it's changed over the past day, week or month.
Some popular currency pairings for Qatari rial include QAR to USD, QAR to INR, and QAR to GBP.
Converting US Dollars
Converting US Dollars can be a straightforward process if you know the right steps. Simply type in the box how much you want to convert.
To convert US dollars to Qatari rials, click on the dropdown to select USD in the first dropdown as the currency that you want to convert and QAR in the second drop down as the currency you want to convert to. Our currency converter will show you the current USD to QAR rate and how it’s changed over the past day, week or month.
You can easily find the current QAR to USD rate and its changes over the past day, week, or month by using our currency converter. This information can be useful for making informed decisions when converting currencies.
If you want to convert a specific amount of US dollars to Qatari rials, just follow the steps mentioned above. You'll get the exact conversion rate and a clear idea of how the exchange rate has changed recently.
Here are the steps to convert US dollars to Qatari rials in a concise format:
- 1. Type in the box how much you want to convert.
- 2. Click on the dropdown to select USD in the first dropdown as the currency that you want to convert and QAR in the second drop down as the currency you want to convert to.
- 3. Our currency converter will show you the current USD to QAR rate and how it’s changed over the past day, week or month.
Features
The features of a currency are what make it unique and recognizable. The Qatar Riyal is issued by the Qatar Central Bank, also known as (مصرف قطر المركزي).
The banknotes are standard circulation, meaning they are widely accepted and used for everyday transactions. They were issued between 2020 and 2022.
The value of the Qatar Riyal is 1 Riyal, which is equivalent to approximately 0.27 USD. This exchange rate can be useful to know when traveling to Qatar or conducting business with the country.
The currency is rectangular in shape and made of a hybrid substrate material. Each banknote has a unique serial number, such as N#258988.
Here's a quick summary of the features of the Qatar Riyal:
Frequently Asked Questions
Is QAR stronger than USD?
QAR is pegged to the USD at a fixed rate, meaning its value is tied to the USD and does not fluctuate independently. However, the QAR is allowed to fluctuate within a narrow band, making it slightly more stable than the freely floating USD.
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