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Qatar - Qatari Rial - Currency Guide

 

Foreign exchange guide to Qatar and the Qatari Rial (QAR)

   

MYR/QAR 90-day view

MYR/QAR at 0.8763 is 1.4% above its 90-DAY average, range 0.8484 - 0.8849 .
|
1-DAY0.5% 90-DAY-HIGH (2d)
 
Recent MYR to QAR 90-day trend
   

QAR News, Forecasts and Trends

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

Malaysian Ringgit to Qatari Rial - Historical Rates

MYR/QAR ratePeriod
15 Sep 2020 : 0.88151 Week
23 Aug 2020 : 0.871530 Days
24 Jun 2020 : 0.851190 Days
23 Sep 2019 : 0.87171 Year
24 Sep 2015 : 0.83095 Years
25 Sep 2010 : 1.178310 Years

MYR/QAR 10 year historic rates

 

RM10,000 MYR
=
﷼8,730 QAR

Converted at MYR/QAR interbank rate, compare Send Money and Currency Exchange exchange rates.

Malaysian Ringgit to Qatari Rial - Quick Conversions

MYR QAR
RM 1 0.8730
RM 5 4.3650
RM 10 8.7300
RM 20 17.46
RM 50 43.65
RM 100 87.30
RM 250 218.25
RM 500 436.50
RM 1,000 873.00
RM 2,000 1,746
RM 5,000 4,365
RM 10,000 8,730
RM 50,000 43,650
RM 100,000 87,300
More amounts
MYR QAR
RM 1.1454 ﷼ 1
RM 5.7270 ﷼ 5
RM 11.45 ﷼ 10
RM 22.91 ﷼ 20
RM 57.27 ﷼ 50
RM 114.54 ﷼ 100
RM 286.35 ﷼ 250
RM 572.70 ﷼ 500
RM 1,145 ﷼ 1,000
RM 2,291 ﷼ 2,000
RM 5,727 ﷼ 5,000
RM 11,454 ﷼ 10,000
RM 57,270 ﷼ 50,000
RM 114,540 ﷼ 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Qatar?

The domestic currency in Qatar is the Qatari Rial.

What is the Qatari Rial currency code and symbol?

The three letter currency code for the Qatari Rial is QAR — symbol is .

Which countries use the Qatari Rial?

It is the domestic currency in    Qatar.

Is the Qatari Rial a closed currency?

No, the Qatari Rial is freely available and convertible. See guide: What is a closed currency?

 

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!


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