QAR Market Update
14 May 2026 • 00:34 GMT
The Qatari Riyal (QAR) remains stable against the US dollar at around 0.2744, close to its three-month average. Over the past few weeks, the QAR has traded within a narrow 1% range from 0.2730 to 0.2757, reflecting its anchored peg to the US dollar at 3.64 QAR per USD.
Recent regional developments, including Iranian missile strikes and disruptions to Qatar's energy sector, have introduced some volatility. However, the currency’s fixed exchange rate provides resilience amidst these uncertainties. The broader US dollar trend has also shown some weakening due to easing geopolitical tensions and cautious Federal Reserve signals, which have kept USD demand subdued.
Against other major currencies, the QAR has seen minor fluctuations but remains largely steady. Notably, it has risen slightly against the euro and the British pound, trading near their recent 7-day highs. Meanwhile, the QAR has strengthened against the Indian rupee over the past 90 days, trading above its three-month average.
Overall, the QAR holds firm, supported by its peg and regional stability efforts, despite ongoing regional tensions. Traders should watch for any shifts in regional tensions or energy market developments that could influence the currency’s outlook.
📊 Quick forecast view
🔴 Mild downside
0.2710 – 0.2760
🌍 Global risk sentiment
⚪ Range-bound