Saudi riyal qatari rial exchange rate history (SAR QAR) December 2023

Saudi riyal qatari rial history for December 2023. The highest quote for this month is 0.9715 (29/12/2023) and the lowest 0.9731 (06/12/2023). The difference between high and low is -0.16.

SAR QAR average rate for December 2023 is 0.97107, the change between 01/12/2023 and 31/12/2023 is -0.02 %.

01 December 2023	1 SAR = 0.9713 QAR
03 December 2023	1 SAR = 0.9709 QAR
04 December 2023	1 SAR = 0.9702 QAR
05 December 2023	1 SAR = 0.9713 QAR
06 December 2023	1 SAR = 0.9715 QAR
07 December 2023	1 SAR = 0.9717 QAR
08 December 2023	1 SAR = 0.9711 QAR
10 December 2023	1 SAR = 0.9710 QAR
11 December 2023	1 SAR = 0.9705 QAR
12 December 2023	1 SAR = 0.9716 QAR
13 December 2023	1 SAR = 0.9716 QAR
14 December 2023	1 SAR = 0.9711 QAR
15 December 2023	1 SAR = 0.9714 QAR
16 December 2023	1 SAR = 0.9712 QAR
17 December 2023	1 SAR = 0.9708 QAR
18 December 2023	1 SAR = 0.9703 QAR
19 December 2023	1 SAR = 0.9714 QAR
20 December 2023	1 SAR = 0.9714 QAR
21 December 2023	1 SAR = 0.9712 QAR
22 December 2023	1 SAR = 0.9711 QAR
23 December 2023	1 SAR = 0.9711 QAR
24 December 2023	1 SAR = 0.9710 QAR
25 December 2023	1 SAR = 0.9703 QAR
26 December 2023	1 SAR = 0.9706 QAR
27 December 2023	1 SAR = 0.9703 QAR
28 December 2023	1 SAR = 0.9714 QAR
29 December 2023	1 SAR = 0.9715 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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization 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.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

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.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Saudi riyal Qatari Rial