QAR Market Update
28 May 2026 • 00:35 GMT
The Qatari riyal remains stable against the US dollar at around 0.2743, close to its three-month average. Despite the recent regional tensions caused by Iranian missile strikes and disruptions in energy supplies, the riyal's fixed peg to the dollar at 3.64 QAR per USD keeps the exchange rate relatively steady. These geopolitical events have created some regional volatility, but the fixed rate limits sharp movements.
Compared to other major currencies, the QAR has shown resilience. It is near its 7-day highs against the euro and British pound, and marginally above its three-month average against the INR. Meanwhile, the QAR’s exchange rate against the JPY and AUD remains stable within recent ranges.
Overall, the QAR remains supported by its pegged relationship to the USD, with limited volatility despite regional geopolitical tensions. Traders should continue to monitor regional developments and the US dollar’s broader movements, as these could influence future shifts in the QAR.
📊 Quick forecast view
🔴 Mild downside
0.2680 – 0.2730
🏦 Central bank policy divergence
🔴 Downtrend