Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

Qatari rial Markets

QAR Currency Update - Our review of Qatari rial forecasts and news plus charts and historic rates. Check QAR Trends over various time periods.

 

Recent forecasts for the USD to QAR exchange rate indicate a cautious outlook due to ongoing concerns about the U.S. economy and its impact on the dollar. Analysts highlight that the U.S. dollar has faced challenges stemming from rising debt levels, particularly following discussions around significant fiscal policies that could add trillions to the national deficit. The uncertainty surrounding these developments has weakened investor sentiment toward the USD.

Current market data shows that the USD to QAR is trading near 60-day lows at approximately 3.6406, within a stable 0.5% range of 3.6387 to 3.6566. This level is consistent with the three-month average, suggesting limited volatility in the short term. However, with the potential for further Federal Reserve rate cuts stemming from slowing economic indicators—such as a contracting factory sector and a moderating labor market—forecasts suggest a continued pressure on the dollar's value may persist.

The strength of the Qatari riyal (QAR) is also influenced by fluctuations in oil prices, as Qatar's economy is significantly tied to energy markets. Current trends indicate that oil prices stand at 67.61, which is 1.2% above the three-month average of 66.79, albeit within a volatile range of 31.1% between 60.14 and 78.85. Rising oil prices could support the QAR’s value by strengthening Qatar's economic fundamentals, providing a counterbalance to potential declines in the USD.

Market observers suggest that any adverse shifts in U.S. economic conditions or further rate cuts by the Federal Reserve could lead to additional depreciation of the USD against QAR. Therefore, individuals and businesses engaging in international transactions involving these currencies should monitor these developments closely to make informed decisions and potentially capitalize on favorable exchange rates.

 

US dollar to Qatari rial - USD/QAR Trend

 
USD to QAR is at 60-day lows near 3.6406, near its 3-month average, having traded in a stable 0.5% range from 3.6387 to 3.6566
|
 
1 USD =
3.6406We compare provider deals to this wholesale mid-market rate. Read more
QAR
 
60d-lows
 
Track Rate

View My Rate Tracker

   
 

Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

Loading exchange rates...