The EUR to QAR exchange rate is currently range-bound with a slight bearish bias. Key factors influencing this include a lower interest rate from the Qatar Central Bank (QCB), which aligns with expected changes from the U.S. Federal Reserve, and the European Central Bank (ECB) maintaining rates to avoid a strong euro that could curb inflation. Additionally, Germany's improving consumer confidence may provide temporary support to the euro.
Over the next 1–3 months, the EUR/QAR exchange rate is expected to trade within a stable range, reflecting recent price data showing an average around 4.28 with slight fluctuations between 4.18 and 4.29.
An upside risk could be a significant recovery in oil prices, which would benefit both the euro and the Qatari riyal due to their economic ties. Conversely, a prolonged conflict in Ukraine could negatively impact investor confidence in the euro, leading to potential downward pressure against the QAR.