Qatar - Qatari Rial - Currency Guide

QAR News, Forecasts and Trends

The below interactive chart shows the USD to QAR exchange rate, trend and recent alerts for the last 90 days.

U$1,000 USD
=
﷼3,641 QAR

Converted at USD/QAR wholesale exchange rate, compare foreign transfer and spend/travel exchange rates.

Travel, Currency and Money saving tips for Qatar

Travel money for Qatar

Save money and time by Ordering your Qatari Rial online from Travelex, you get better rates and can pick up the QAR cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Qatari Rial otherwise you may get much worst exchange rates.

Sending money to Qatar

When searching around for information on how to get a good exchange rate when sending money to Qatar you need to start with finding out the latest Qatari Rial exchange rate for foreign-transfers, which can be very different to the wholesale rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save - we make that calculation easy in the below table.

The Qatari riyal (QAR) is fully convertible, and Qatar does not restrict overseas transfers of funds from capital gains, interest, dividends, royalties or management fees. The Qatari riyal has been pegged to the US dollar (USD) at a rate of QR3.64 per US$1 since 1980.

Get a better deal for foreign transfers to Qatar

When sending money to Qatar it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

1. Open an account with a BER reviewed FX provider (id docs may be required)
2. You specify the local or Qatari Rial amount you want to transfer
3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
4. Once your funds are received by the provider the converted QAR amount will be transfered to the recipient account you specify in Qatar.

Use the above Send to Qatari Rial calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Qatari Rial deposited into the recipient bank account and less margins and fees kept by the banks!