Exchange rate Qatari Riyal EUR/QAR

Qatar Rial

The economy of Qatar mainly runs on oil. The high oil price provides a record number of revenues in the Qatar treasury. Although the price of Qatari rial is particularly good on oil profits, Qatar invests heavily in other projects that have nothing to do with energy. In international trade you come across the rial as abbreviation QAR. All kinds of measures to persuade companies to settle there, such as not paying taxes, seem to be paying off. In the meantime, only 50% of the national income is oil-related profit.
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Convert Qatar rial to euro

The price of the Qatari rial euro is the same as the euro dollar exchange rate. This is partly because the dollar and the rial are linked. To quickly know the value of Qatari rial from an amount in euros, simply enter the amount in the calculator on Wisselkoers.nl. This quickly gives you the value in Qatari rial. The calculator always picks the right exchange rate Qatari rial.

Did you know

Qatar, also known as Katar, is an oil state in the Middle East. The official currency is Qatar rial also written as riyal this since 1980 linked to the US dollar. The price Qatari rial is fixed at 1: 3.64. This is because the Americans are major importers of the Qatari oil. In the beginning of the 20th century, Qatar only had ten thousand inhabitants. Due to immigration from other Arab countries, the number of inhabitants has increased rapidly. The rial consists of 100 dirhams. There are coins in the circulation of 25 and 50 dirhams. Paper money circulates in the form of 1, 5, 10, 50, 100 and 500 rial.