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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to Qatar can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Qatar bank accounts or pay a Qatari rial invoice.
British pound (GBP) to Qatari rial (QAR) market data - latest interbank exchange rate, trend, chart & historic rates.
In the near term, GBP/QAR is trading close to recent lows near 4.8332, with the pair supported by a focus on central bank policy....
In the near term, GBP/USD is trading close to its 3-month average and remains within a narrow range. The dominant driver is the...
In the near term, USD/QAR is expected to remain close to its established hard-peg level. Because QAR is effectively fixed to USD,...
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Qatari rial across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-QAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best GBP to QAR exchange rate is 4.8726 from XE. This is -0.6% compared to the mid-market rate 4.9020.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Qatari rial (QAR) rates from different sources before making a conversion.
The above Sterling to Rial comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-QAR mid-rate and the possible savings of using various providers.
Looking at the full GBP to QAR - Send Money comparison table the provider with the best GBP to QAR exchange rate is XE at 4.8726, -0.6% from the latest mid-market rate 4.9020.
The next best is Wise at 4.8726, -0.6% from the mid-rate.
Then Western Union at 4.8039, which is -2% from the mid-rate.
Among the banks the Lloyds Bank rate is 4.6569 at -5% the Royal Bank of Scotland rate is 4.6863 at -4.4% and the Barclays Bank rate is 4.6716 at -4.7% compared to the mid-rate 4.9020.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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