We publish in this report details of the exchange rates of the Qatari riyal against the rates of other currencies.
Continuous daily follow-up to know the Qatari riyal exchange from Qatar Bank and international banks in trading prices on global economic platforms.
QAR is the currency symbol for the Qatari riyal, the currency of the country of Qatar, which is located along the coast of the Arabian Peninsula, the Qatari riyal consists of 100 dirhams.
The abbreviation for the currency is Qatari riyal. In the English language, the riyal is also referred to as the riyal. All Qatari banknotes and coins are issued by the Qatar Central Bank, whose objectives include monetary stability and currency regulatory control.
The exchange rate of the Qatari riyal against Arab and international currencies
The Turkish Central Bank announced today, Wednesday, the amendment of the currency exchange agreement with its Qatari counterpart (the barter agreement), concluded on August 17, 2018; So that the volume of local currency exchange (Qatari riyal and Turkish lira) triples to the equivalent of 15 billion USD.
The Turkish Central Bank said, in a statement, “The currency exchange agreement concluded between the two banks, the Turkish Central Bank and the Qatar, was amended on August 17, 2018.”
He added, “The volume of currency exchange between the Turkish and Qatari central banks was increased from 5 billion dollars to 15 billion within this amendment,” adding that the currency exchange agreement aims to facilitate trade exchange in local currencies and support financial stability in the two countries.
The exchange rate of the Qatari riyal today
Qatari riyal economic news
Because the Qatari economy relies heavily on commodities such as oil and natural gas, the peg of its currency reduces potential economic shocks because the prices of these commodities are denominated in US dollars, the oil and gas industry represents nearly half of the country’s GDP and almost all of its exports.
In 2017, the value of the riyal shifted in the foreign market after some foreign countries stopped dealing with Qatari banks, which caused a shortage of liquidity, which pushed the value of the riyal to 3.81 in some foreign markets, during this time, and after that, the official peg remained 3.64 in force in Qatar.
As of mid-2019, the exchange rate of the US dollar / Qatari riyal has reached 3.64 and is still pegged to this price. As for banknotes, the Qatari riyal has billing categories of one, five, 10, 50, 100 and 500 riyals.
The reason for the rise or fall of the Qatari riyal
These rates are open market currencies, you can check the current purchase price in Qatari riyals and the selling rates in Qatari riyals online.
Qatari riyal forex and interbank rates are also available in the Business and Finance section, knowing the Qatari riyal exchange rate against the US dollar in the previous month.
The exchange rate in Qatar is updated against the US dollar data monthly, and is available from January 1966 to April 2020.
The data reached an all-time high of 4.762 in November 1971 and a record low of 3,640 in April 2020.
The history extends to the average, monthly exchange rate against the US dollar, the Qatar Central Bank provides an average, exchange rate against the US dollar.
The exchange rate against the US dollar before January 1982 is obtained from the International Monetary Fund.