The USD to QAR exchange rate remains range-bound, currently trading near a 7-day high of 3.6444.
Key drivers include the interest rate differential, as the US Federal Reserve is expected to cut rates in 2026, which may weaken the USD. Simultaneously, the Qatar Central Bank's recent decision to lower rates could stabilize the QAR. Qatar's significant growth in liquefied natural gas production is another supporting factor, projected to enhance economic performance.
In the near term, the USD to QAR rate is likely to remain within a stable range, reflecting its recent 0.7% fluctuation. An upside risk includes unexpected oil price increases, which typically support the QAR due to Qatar's reliance on energy exports. Conversely, a downside risk is the potential for rapid shifts in US monetary policy, which could further pressure the USD, affecting the exchange rate negatively.