Historic Qatari Rial Norwegian krone

Qatari Rial norwegian krone history for November 2023. The highest quote for this month is 3.0898 (08/11/2023) and the lowest 3.0694 (08/11/2023). The difference between high and low is 0.66.

QAR NOK average rate for November 2023 is 2.99818, the change between 01/11/2023 and 30/11/2023 is +4.55 %.

01 November 20231 QAR = 3.067 NOK
02 November 20231 QAR = 3.060 NOK
03 November 20231 QAR = 3.064 NOK
06 November 20231 QAR = 3.028 NOK
07 November 20231 QAR = 3.038 NOK
08 November 20231 QAR = 3.074 NOK
09 November 20231 QAR = 3.070 NOK
10 November 20231 QAR = 3.082 NOK
12 November 20231 QAR = 3.052 NOK
13 November 20231 QAR = 3.049 NOK
14 November 20231 QAR = 3.043 NOK
15 November 20231 QAR = 2.988 NOK
16 November 20231 QAR = 2.968 NOK
17 November 20231 QAR = 3.004 NOK
19 November 20231 QAR = 2.967 NOK
20 November 20231 QAR = 2.972 NOK
21 November 20231 QAR = 2.939 NOK
22 November 20231 QAR = 2.928 NOK
23 November 20231 QAR = 2.954 NOK
24 November 20231 QAR = 2.960 NOK
26 November 20231 QAR = 2.941 NOK
27 November 20231 QAR = 2.942 NOK
28 November 20231 QAR = 2.922 NOK
29 November 20231 QAR = 2.915 NOK
30 November 20231 QAR = 2.928 NOK

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.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

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.

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.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

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.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

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.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.