QAR · QAR
Qatari Riyal (QAR)
The Qatari Riyal (QAR) is the official currency of Qatar, pegged to the US dollar at 3.64 QAR per USD.
Convert this currency
Converted amount
0.2747 USD
Exchange rate
1 QAR = 0.274725 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
QAR · Qatari Riyal
Qatari Riyal (QAR): Overview and History
The Qatari Riyal (QAR) is the official currency of the State of Qatar, a country located on the northeastern coast of the Arabian Peninsula. The currency is issued and regulated by the Qatar Central Bank, which oversees monetary policy and ensures financial stability. The riyal is subdivided into 100 dirhams, and its symbol is often written as QR or ر.ق.
Historically, the Qatari riyal was introduced in 1973, replacing the Qatar and Dubai riyal after Qatar gained full monetary independence. The currency has been pegged to the US dollar at a fixed rate of 3.64 QAR per USD since 2001, providing stability for trade and investment. This peg is a cornerstone of Qatar's economic policy, given the country's significant oil and gas exports, which are priced in US dollars.
Today, the Qatari riyal is widely used in all domestic transactions, from everyday purchases to large-scale commercial deals. The currency is available in banknotes of 1, 5, 10, 50, 100, and 200 riyals, as well as coins of 1, 5, 10, 25, and 50 dirhams. As Qatar continues to diversify its economy, the riyal remains a symbol of the nation's financial resilience and growth.
- Code
- QAR
- Symbol
- QAR
- Current rate
- USD / QAR
Currency information
Last updated · 8/7/2026
Introduced in 1973, replacing the Qatar and Dubai Riyal.
- Official name
- Qatari Riyal
- Legal tender status
- Legal tender in Qatar
- Decimal places
- 2
- Minor unit
- Dirham · 1 QAR = 100 Dirham
- Countries
- Qatar
- Issuing authority
- Qatar Central Bank
- Central bank
- Qatar Central Bank · Official website
- Exchange-rate regime
- Pegged to the US dollar
Common banknotes
1 Riyal · 5 Riyals · 10 Riyals · 50 Riyals · 100 Riyals · 200 Riyals · 500 Riyals
Common coins
1 Dirham · 5 Dirhams · 10 Dirhams · 25 Dirhams · 50 Dirhams
Also known as
QR · Qatari Riyal · QAR · ر.ق
Practical notes
- The currency is pegged to the US dollar at a fixed rate of 3.64 QAR per USD.
- Banknotes are issued in denominations of 1, 5, 10, 50, 100, 200, and 500 riyals.
Priority currency pairs
The most useful conversions for this currency.
Qatari Riyal questions
What is the QAR exchange rate?
The displayed rate is the latest available reference rate for USD/QAR. It can change throughout the day.
How can I convert QAR online?
Use the converter above to calculate indicative amounts between QAR and the other supported currencies.