Qatari Rial egyptian pound exchange rate history (QAR EGP) October 2023

Qatari Rial egyptian pound history for October 2023. The highest quote for this month is 8.5207 (02/10/2023) and the lowest 8.4808 (20/10/2023). The difference between high and low is 0.47.

QAR EGP average rate for October 2023 is 8.47805, the change between 01/10/2023 and 31/10/2023 is -0.08 %.

01 October 2023	1 QAR = 8.48 EGP
02 October 2023	1 QAR = 8.52 EGP
03 October 2023	1 QAR = 8.49 EGP
04 October 2023	1 QAR = 8.49 EGP
05 October 2023	1 QAR = 8.46 EGP
06 October 2023	1 QAR = 8.46 EGP
07 October 2023	1 QAR = 8.45 EGP
09 October 2023	1 QAR = 8.45 EGP
10 October 2023	1 QAR = 8.48 EGP
11 October 2023	1 QAR = 8.49 EGP
12 October 2023	1 QAR = 8.49 EGP
13 October 2023	1 QAR = 8.48 EGP
16 October 2023	1 QAR = 8.47 EGP
17 October 2023	1 QAR = 8.49 EGP
18 October 2023	1 QAR = 8.48 EGP
19 October 2023	1 QAR = 8.49 EGP
20 October 2023	1 QAR = 8.48 EGP
21 October 2023	1 QAR = 8.48 EGP
22 October 2023	1 QAR = 8.48 EGP
23 October 2023	1 QAR = 8.48 EGP
24 October 2023	1 QAR = 8.48 EGP
25 October 2023	1 QAR = 8.49 EGP
26 October 2023	1 QAR = 8.48 EGP
27 October 2023	1 QAR = 8.48 EGP
29 October 2023	1 QAR = 8.48 EGP
30 October 2023	1 QAR = 8.45 EGP
31 October 2023	1 QAR = 8.48 EGP

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.

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.

Historic Qatari Rial Egyptian Pound