Looks like you have just returned from
Qatar. How was your trip? Qatar is a divine place that will leave you craving for more, isn’t it? With so many unique offerings, you must have carried extra
foreign currency to ensure that you don’t miss out on any of the fun. Are you now looking for the best rate for Qatari Riyal (QAR) to INR? It is always smarter to convert and carry extra Rupees to
Riyal than converting
INR to QAR in Qatar at an inflated exchange rate.
Now that you are back from Qatar, do have any unused Qatari Riyal to convert?
Want to know the current value of 1 QAR to INR?
Log on to the
Thomas Cook website and use our online currency converter to discover the live rate. Now that you know the on-going conversion rate, partner with Thomas Cook to convert QAR to INR. You may even visit the nearest branch to convert your remaining Qatari Riyal to Rupee. Find your nearest branch now.
Thomas Cook provides you the ultimate solution to
sell forex by converting Qatari Riyal to INR at the most competitive prices. Our dedicated forex experts are well-equipped to sell forex of all countries. We understand the value of every rupee, hence we convert even small units of Qatari Riyal to Indian Rupees!
Why Thomas Cook?
Since ages Thomas Cook has been providing the most exciting packages at competitive prices for you and your loved ones. From flight tickets, hotel bookings to
forex, we have a solution for your travel woes. We are experts in designing travel packages that will give you memories to last a lifetime. With digitalization at its best, everything now happens at the click of a button. Visit our website and discover the live rate for Qatari Riyal to INR. Rest assured, we will stand by you to assist you throughout the digital conversion forex.
Thomas Cook has a dedicated team to trace the everyday value of Qatari Riyal to INR and guide our travelers the best time to sell forex. To sell forex online, all you have do is, simply log on to the Thomas Cook Website, fill in the required details, and you are good to go!
Our bespoke solutions and best forex prices have made us one of the world’s best travel partners in the world. Travelers from across the world trust us for all their travel and foreign exchange requirements, it’s time you do too.
Still have concerns? Find out the most competitive Qatari Riyal to Indian Rupee today and feel proud to have availed the best rates in town!
Importance of the QAR
Qatar lies on the coast of the Arabian Peninsula and is listed as one of the richest countries in the world. Being a hub of natural gas and crude oil, Qatar enjoys a valuable economic position. Back in 1973, Qatari Riyal (QAR) was introduced and has remained the official currency of Qatar. It was pegged to the
US Dollar under the Royal Decree of 2001. It was pegged at a fixed rate of 3.64 QAR/USD. The exports of Qatar make the most of its economy. However, the country is working towards creating an export portfolio and decreasing dependency on crude oil export. Let's get into more detail about QAR and its exchange rate value.
Introduction of the QAR
QAR is the abbreviation for Qatari Riyal. Since 1973, it has been the official currency of the country. Prior to being pegged to the USD, QAR was pegged to the SDR (Special Drawing Rights) in 1975 with USD being an intervention currency at that time. Later on, at a fixed rate of 3.64 QAR/USD, Qatari Riyal was pegged against USD. Prior to introducing QAR, Qatar used Gulf and Indian Rupee for its monetary purposes. However, with the devaluation of the Indian Rupee and the formation of the Qatar-Dubai Currency Board in 1966, both countries introduced their own currency known as QDR (Qatar-Dubai-Riyal). Later, when Dubai joined the UAE in 1971, QMA (Qatar Monetary Agency) was set up and Riyal was introduced as the official currency.
Qatar Central Bank is the institutional authority responsible for maintaining the economy and the currency of Qatar. It is the central bank of the country. 1 Riyal is equivalent to 100 Dirhams. Currently, Qatar has 6 banknote denominations that are, 1, 5, 10, 50, 100, and 500 Riyals. The coins come in the denominations of 1, 5, 10, 25, and 50 Dirhams.
Factors that affect the exchange of the QAR to INR The rate at which one currency is exchanged for another currency is known as the exchange rate. As discussed earlier, the majority part of the Qatari economy, currently, relies on the export of crude oil and natural gas. So, the international price of oil and natural gas heavily impacts the
exchange rate of QAR against other currencies like INR. Apart from this, the inflation rate and political and economic progress affect the exchange rate as well. Also, since QAR is pegged to the USD, changes in the value of the USD also impact QAR.
Convert QAR to INR Online as per Today’s Conversion Rate (take an example and show)
The QAR-INR exchange rate may vary every other day since these two are not pegged against each other. Today's exchange rate of QAR-INR is 22.58 INR/QAR. So, if you wish to convert QAR to INR or vice-versa, you will need INR 22.85 to get 1 QAR and 0.044 QAR to get 1 INR. Here is a quick illustration for a better understanding:
Mrunal works in Qatar at a reputed post in a company. She wants to send QAR 5,000 to her younger sister living in New Delhi, India. As of today's rate, if Mrunal sends QAR 5,000 then it will be converted to INR 112,990. So, Mrunal's sister will receive INR 112,990 in India.
Convert QAR to INR
Every day, the exchange rate of QAR-INR differs and so, if you are wishing to make such a transaction, it is suggested to make use of the currency converter. The online tool called currency converter lets users quickly convert from one currency to another as per the current rates. As of today, the QAR to INR exchange rate is INR 22.85 per QAR. Also, check, 1 QAR = INR 22.85
100 QAR = INR 2,285
1000 QAR = INR 22,850 and
INR 1 = 0.044 QAR
INR 100 = 4.4 QAR
INR 1000 = 44 QAR.
How are QAR-INR Rates Determined? Understanding the exchange rate system of currencies gives an interesting insight. The value of any currency revolves around the economic progress of a country, both nationally and internationally. You can easily see that all the economically stable countries have high currency values. In the context of the QAR-INR, the central bank of both countries is responsible for adjusting the currency exchange rates. The Reserve Bank of India (RBI) and Qatar Central Bank (QCB) are the central banks of India and Qatar, respectively. Depending on the conditions of the affecting factors, the exchange rate is decided.
QAR and INR Overview Qatar has been following a fixed exchange rate system by pegging its currency to USD. The inflation rate fluctuation is controlled to a great extent due to fixed rates. On the other hand, INR continues a floating exchange rate. Both India and Qatar have maintained healthy trade relations for a long time. While India exports oil from Qatar, it also has export markets in Qatar and elsewhere. However, the government is trying to shift its dependence since globally also the substitutions of crude oil are being promoted. Also, huge reliability on limited export commodities limits the scope of the Qatari economy. It is only expected to see Qatar-India relations grow better with better exchange rates.
