• Find Out More
  • Currency Information
    • Euro
    • US Dollar
    • Asia Pacific & Far Eastern Currencies
      • Australian Dollar
      • Hong Kong Dollar
      • Japanese Yen
      • New Zealand Dollar
      • Singapore Dollar
      • Thai Baht
    • Middle Eastern Currencies
      • Bahraini Dinar
      • Israeli Shekel
      • Indian Rupee
      • Jordanian Dinar
      • Kuwaiti Dinar
      • Omani Riyal
      • Qatari Rial
      • Saudi Arabian Riyal
      • UAE Dirham
    • European Currencies
      • Czech Crown
      • Hungarian Forint
      • Icelandic Krona
      • Norweigan Krone
      • Polish Zloty
      • Swedish Krona
      • Turkish Lira
      • Swiss Franc
    • Amercian & Caribbean Currencies
      • Barbadian Dollar
      • Brazilian Real
      • Canadian Dollar
      • Jamaican Dollar
      • Mexican Peso
      • Eastern Caribbean Dollar
    • African Currencies
      • Egyptian Pound
      • Moroccan Dirham
      • Mauritian Rupee
      • Tunisian Dinar
      • South African Rand
  • Country Information
    • Eurozone Payments
      • SEPA Transfers
      • TT Transfers
      • Transfer Money to Spain
      • Eurozone payment countries
    • USA Money Transfers
    • Asia Pacific & Far East
      • Australia Money Transfers
      • Hong Kong Money Transfers
      • Japan Money Transfers
      • New Zealand Money Transfers
      • Singapore Money Transfers
      • Thailand Money Transfers
    • Middle East & India
      • Bahrain Money Transfers
      • Israel Money Transfers
      • India Money Transfers
      • Jordan Money Transfers
      • Kuwait Money Transfers
      • Oman Money Transfers
      • Qatar Money Transfers
      • Saudi Arabia Money Transfers
      • Dubai & UAE Money Transfers
    • Europe (non-Eurozone)
      • Czech Republic Money Transfers
      • Hungary Money Transfers
      • Iceland Money Transfers
      • Norway Money Transfers
      • Poland Money Transfers
      • Sweden Money Transfers
      • Turkey Money Transfers
      • Switzerland Money Transfers
      • Croatia Money Transfers
    • Americas and Caribbean Money Transfers
      • Barbados Money Transfers
      • Brazil Money Transfers
      • Canada Money Transfers
      • Jamaica Money Transfers
      • Mexico Money Transfers
      • Caribbean Money Transfers
    • African Money Transfers
      • Cape Verde Money Transfers
      • Egypt Money Transfers
      • Morocco Money Transfers
      • Mauritius Money Transfers
      • Tunisia Money Transfers
      • South Africa Money Transfers
    • China Money Transfers
  • Sending payments back to the UK
  • FAQ
    • What is the cheapest way to send money abroad?
    • How do I get the best exchange rate?
    • What is an IBAN code?
    • What is a Swift code?
    • How safe is using a Currency Broker?
    • Which banks do SEPA payments?
  • Top Transfer Tips - Sending Money Abroad
  • Glossary
    • Interbank Exchange Rate
    • Commercial Exchange Rate
  • Currency News Archive

• Latest News

Qatari Rial

Qatari Riyal Rates

For a live quote on the Qatari Riyal, simply fill in your details on the form above and an FSA-regulated currency expert will be in touch with a competitive quote.

Latest Qatari Riyal Exchange Rate News

Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on Qatar Money Transfers, including timescales and information needed to make your transfer.

Overview - QAR

The Qatari Riyal is the currency of the State of Qatar and is designated by the ISO code QAR. In 1966 Qatar was using the Indian Rupee in the form of Gulf Rupees, but when India decided to devalue the Rupee, Qatar along with many other gulf states decided to introduce its own currency. Before doing so they briefly used Saudi Riyals. Qatar and Dubai jointly issued the Qatari Riyal until 1973 when Dubai entered the UAE, at which point Qatar began issuing the Riyal on its own.

In the 1975 the Riyal was officially pegged to the IMF’s Special Drawing Rights, which in practice meant it was fixed at 1 US Dollar = QAR 3.64. This fix was made an official pegging in 2001. As a result of the peg the Qatari Riyal is subject to market effects in the same way as the US Dollar.