Exchange Rates In Qatar Today

There are a lot of exchanges offering to send your money overseas, so the process of sending money to your country from Qatar may seem complicated. Qatar has a lot of foreign currency providers that offer a range of services. With so many choices, it makes it easier to find the best exchange rate. Usually, there is a very small difference, but sometimes it is only a matter of Rials. When you work abroad, one of your main goals is to send money to your family back home. It is important to choose the best method for sending your hard-earned money to your family. With Qatar Local, you will be able to find the best value provider while ensuring safety and security.

We rely on reliable and strong sources of information. To provide you with the best exchange rates, we monitor market rates every single day. Providing accurate information about Qatari Exchange Rates and other local business issues is of the utmost importance to us.

No matter whether you want to know Exchange Rate QAR to INR, QAR to PHP, QAR to PKR, or other currency rates, our exchange rates table will help you arrive at the best decision. It is our goal to keep providing our customers with the most current information about our products on our website.

Qatar Local can give you information about Qatar Exchange Rates. Using our website, you can easily find everything you need to know about Qatar's Exchange Rates.

Exchange Rates in Qatar

Get the currency transfer rates of all currencies from all exchanges in Qatar at a single place and compare to choose the best rate.

Disclaimer - Live Exchange Rates may differ from Last Updated, Please confirm the exact rate with Currency Exchange Provider before doing a Transaction.

“Qatar Local is not responsible for any rate changes”

Asian Currencies

Currency	INR	PHP	BDT	PKR	LKR	NPR	IDR	Updated
National Exchange	22.80	15.13	33.59	78.09	89.95	36.48	---	Jan 05, 11:20 AM
Al Jazeera Exchange	22.70	15.10	33.57	77.18	88.00	36.44	---	Jan 05, 11:20 AM
Al Fardan Exchange	22.72	15.13	32.40	77.20	88.13	36.39	4149.38	Jan 04, 11:40 AM
Gulf Exchange	23.81	0.07	0.03	80.00	0.01	37.74	4444.44	Jan 04, 11:41 AM
City Exchange	---	---	---	---	---	---	---	Dec 31, 11:11 AM
Lulu Exchange	22.75	15.20	33.56	77.15	88.33	36.44	---	Jan 05, 11:18 AM
Aldar Exchange	22.78	15.21	33.30	77.23	88.33	36.43	4228.68	Jan 04, 11:45 AM

What Is The Exchange Rate

An exchange rate is a rate at which one currency is exchanged for another. The exchange rate is also viewed as the value of a nation's currency against another nation's currency.

Exchange rates are determined on the foreign exchange market, where a wide range of buyers and sellers can trade currencies continuously 24 hours a day except weekends, where trading takes place from 20:15 GMT on Sunday until 22:00 GMT on Friday. Spot exchange rates refer to current exchange rates. Forward exchange rates refer to exchange rates that are quoted and traded today but are intended to be delivered and paid at a future date.

How to Calculate Exchange Rates

Exchange rates are influenced by banks and trading institutions and the volume of currency they are buying and selling at any given time. Currencies are traded (bought and sold) daily around the world.

One currency can be purchased by another currency through banking institutions or on the open market. The volumes of currencies traded are increased and decreased depending on the attractiveness of any particular currency, which depends on a multitude of factors such as political stability, economic strength, government debt and fiscal policy among others.

Government central banks also have the ability to set a currency at a constant price through a method called pegging, which essentially tethers the value of one currency to another. The value (or price) of a currency is determined by its traded volume. If a currency is competitively priced, traders will buy the currency, essentially driving up its value. If a currency is not competitively priced, traders may avoid buying, or even sell it, essentially driving down its value.

Factors Affecting Exchange Rates

Every day, currencies are traded. Exchange rates are influenced by banks' and trading institutions' currency purchases and sales.

A currency can be purchased using another currency either through banks or on the open market. Currency volumes fluctuate depending on factors such as political stability, economic strength, government debt, fiscal policy, and government debt. Using a method known as pegging, the central bank of a country can also fix the value of a currency. Trade volume determines a currency's value. When a currency is priced competitively, traders will purchase it, which essentially drives its value higher. The value of a currency drops if it is not competitively priced, as traders will avoid buying or even selling it.

One major factor that determines exchange rates is global demand and supply. Currency value increases as demand increases. A variety of factors affect currency demand and supply, including international trade, political stability, travel, tourism, stock market trading, natural disasters, and many more.

Countries' fiscal policies also influence exchange rates. Fiscal policy is a set of rules and actions that govern their currency. The interest rate plays an important role in exchange rate fluctuations. Demand for a particular currency is driven by favorable interest rate movements, which drive up its value.

Qatar Exchange Rate

The Qatari Riyal is the cash of Qatar. Our cash rankings show that the most famous Qatar Riyal exchange rate is the QAR to INR rate. The currency code for Rials is QAR, and the currency symbol is ﷼.‎

Currency Facts

QAR Status

Name: Qatari Riyal

Symbol: ﷼

Minor Unit: 1/100 = Dhiram

QAR Profile

Inflation: 0.40%

Coins (Frequently Used): 1 dirham, 5 dirhams, 10 dirhams, 25 dirhams, 50 dirhams

Banknotes (Frequently Used): ﷼500, ﷼100, ﷼50, ﷼10, ﷼5, ﷼1 (1 riyal, 5 riyals, 10 riyals, 50 riyals, 100 riyals, 500 riyals)

Central Bank: Qatar Central Bank

How Can We Get the Best Currency Exchange Rate in Qatar

You need to be aware of your options for your next money transfer in order to get the best rate. There are a lot of remittance service providers out there, so it is important to pick one that suits your needs.

Qatar's best exchange rates can be found at Lulu Exchange, Al Fardan Exchange and Eastern Exchange.

Exchange companies play a significant role in Qatar's economy. Money exchanges play a vital part in the lives of many expats in Qatar, as sending money home to family is very important to them. If you are traveling to Qatar for a holiday or any other purpose, you may need to exchange your currency for Qatari Riyals or other foreign currencies, depending on your purpose.

Here are some of Qatar's most popular currency exchange companies:

Al Dar For Exchange works
Al Dar Exchange Website
Al Dar Exchange Facebook
Al Dar Exchange Twitter
Al Dar Exchange Instagram
Al Dar Exchange Customer Service Number: 44550455, 44550500
Download Al Dar Exchange App for Android
Download Al Dar Exchange App for IOS
Al Dar Exchange Branches in Qatar