QAR Market Update
11 Jul 2026 • 01:25 GMT
The Qatari riyal has been relatively stable against the US dollar recently, trading near its 14-day high of around 0.2745. Despite regional tensions caused by recent Iranian missile strikes and disruptions in Qatar’s energy sector, the currency has remained pegged to the US dollar at 3.64 QAR per USD, as set by official policy.
The key driver continues to be the US dollar’s movements amid mixed economic signals. The dollar has seen a recent decline after softer-than-expected US jobs data, which easing concerns about further Fed rate hikes. While the currency remains firm overall, these shifts suggest investors are reassessing in light of upcoming economic reports.
Against other currencies, the QAR has seen modest gains versus the euro and British pound, but remains largely stable. Market participants should keep an eye on regional developments and US economic data, which could influence short-term moves in the QAR, even within its fixed exchange rate regime.
📊 Quick forecast view
🔴 Mild downside
0.2700 – 0.2750
🏦 Central bank policy divergence
⚪ Range-bound