The QAR to USD exchange rate currently appears range-bound.
Key drivers influencing this trend include the interest rate differential, as the Qatar Central Bank has recently cut rates, while the US Federal Reserve is expected to implement further rate cuts by mid-2026. This alignment may weaken the USD's appeal. Additionally, Qatar's projected economic growth, driven by increased liquefied natural gas production, supports the stability of the QAR. However, global inflation trends, characterized by potential deflationary pressures, could complicate the currency's performance.
The QAR is expected to continue trading within a stable range in the near term. Recent price movements show the QAR to USD trading at 14-day highs near 0.2747, reflecting a range of approximately 1.1% over the last three months.
Upside risks could stem from stronger-than-expected growth in Qatar, while unexpected geopolitical tensions or rapid changes in global economic sentiment could pose downside risks.