Qatar Currency Exchange Rates Today

The Qatari Riyal (QAR) is pegged to the US Dollar at 3.64, a rate maintained by the Qatar Central Bank since 1980. Qatar's expatriate population of approximately 2.3 million — representing around 85% of the total population — drives significant outbound remittance flows, particularly to India, Nepal, Philippines, Bangladesh, and Egypt.

Qatar's rapid development ahead of the 2022 FIFA World Cup and subsequent economic expansion has attracted large numbers of construction and service workers, creating some of the highest remittance-to-GDP ratios in the world. Exchange houses licensed by Qatar Central Bank operate widely in Doha and other cities.

For INR and NPR corridors (Indian Rupee and Nepalese Rupee), rates vary between providers. Al Fardan Exchange and Al Ansari Exchange are among the most popular services for South Asian workers in Qatar.

Frequently Asked Questions

Yes. QAR is fixed at 3.64 per USD since 1980 by the Qatar Central Bank. The SAR/USD rate never changes. What fluctuates daily are other currencies: EUR/QAR, INR/QAR, GBP/QAR.

Al Fardan Exchange, Western Union, and MoneyGram are among the most widely used for international remittances. Al Ansari Exchange has branches in Qatar. Qatar National Bank (QNB) and other local banks also offer competitive rates for larger transfers.

Expatriates with valid Qatar ID (QID) can transfer money freely from Qatar. For large transfers, exchange houses may request documentation. There are no specific per-transaction limits for regular expat remittances.

Compare rates between Al Fardan Exchange, Al Ansari Exchange, and bank transfer rates. For regular small amounts, exchange houses typically offer better rates than banks. Digital options are also growing in Qatar.

Lulu Exchange Qatar Money Transfer Rates — Qatar

Money Transfer Converter

Today's Money Transfer Rate

Qatar Currency Exchange Rates Today

Frequently Asked Questions