Historic Hong Kong dollar Qatari Rial

Hong Kong dollar qatari rial history for August 2023. The highest quote for this month is 0.46655 (01/08/2023) and the lowest 0.46699 (01/08/2023). The difference between high and low is -0.09.

HKD QAR average rate for August 2023 is 0.46509, the change between 01/08/2023 and 31/08/2023 is +0.6 %.

01 August 20231 HKD = 0.4667 QAR
02 August 20231 HKD = 0.4669 QAR
03 August 20231 HKD = 0.4664 QAR
04 August 20231 HKD = 0.4661 QAR
07 August 20231 HKD = 0.4659 QAR
08 August 20231 HKD = 0.4661 QAR
09 August 20231 HKD = 0.4657 QAR
10 August 20231 HKD = 0.4653 QAR
11 August 20231 HKD = 0.4654 QAR
12 August 20231 HKD = 0.4656 QAR
14 August 20231 HKD = 0.4655 QAR
15 August 20231 HKD = 0.4654 QAR
16 August 20231 HKD = 0.4652 QAR
17 August 20231 HKD = 0.4647 QAR
18 August 20231 HKD = 0.4648 QAR
20 August 20231 HKD = 0.4647 QAR
21 August 20231 HKD = 0.4647 QAR
22 August 20231 HKD = 0.4642 QAR
23 August 20231 HKD = 0.4643 QAR
24 August 20231 HKD = 0.4642 QAR
25 August 20231 HKD = 0.4641 QAR
28 August 20231 HKD = 0.4640 QAR
29 August 20231 HKD = 0.4639 QAR
30 August 20231 HKD = 0.4639 QAR
31 August 20231 HKD = 0.4639 QAR

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.