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Qatari Riyal (QAR) International Payment Information

The Qatari Riyal (QAR) is the currency of Qatar. It is subdivided into 100 dirhams. Up until 1966, Qatar used the Indian Rupee as its local currency. Since 1980, it has been fixed to the US Dollar.

Whilst there are no restrictions moving money into or out of Qatar, there are some Banks that will not send international payments in Qatari Riyal. They will insist upon converting Qatari Riyal locally into another currency, such as US Dollars, before making an international transfer. This is an expensive option.

Live Qatari Riyal (QAR) Currency Exchange Quote For Your International Payment

Real rates, no surprises. Don't be fooled by currency converters on other sites. They give you non-tradable rates just to get your attention. Use the tool below to get the best currency exchange rate from FTT for your Qatar Riyal conversion and international payment or money transfer. The tool can be used to get the best currency exchange rate for buying Qatari Riyals or selling Qatari Riyals.

Payment Information

Making international payments and money transfers in Qatari Riyals to Qatar is an easy and seamless process. Payments can generally be made within 2 days using an advanced payment provider such as FTT. Payments out of Qatar in Qatari Riyals will be dependent upon your Bank, as some Banks will not transfer Qatari Riyals internationally. In this case, you may need to change your Bank to one that allows international transfers in Qatari Riyals.

 

Payments will need a SWIFT/BIC code which is a unique code for the bank where the destination account is held. The SWIFT/BIC ID consists of between 8 and 11 capital letters and numbers.

Why FTT Currency for Qatari Riyal International Payments?

FTT Currency are experts at exchanging and transferring Qatari Riyals. We save you up to 90% of the cost of sending Qatari Riyals overseas and save you time because everything is online. In a few minutes you can send your first payment. Your funds are processed through protected client accounts at Barclays Bank and are fully insured against fraud or negligence by an 'A' rated insurer.


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Latest Qatari Riyal News

Yesterday's Trading

GBP/QAR - closing market price was 5.5365 with a low of 5.5252 and a high of 5.5478.

USD/QAR - closing market price was 3.6413 with a low of 3.6350 and a high of 3.6475.

EUR/QAR - closing market price was 5.0137 with a low of 5.0032 and a high of 5.0241.

 

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Interbank Rates
Non-tradable rates our competitors advertise.
GBP/QAR
5.5365
EUR/QAR
5.0137
USD/QAR
3.6413
PLN/QAR
1.2911
SGD/QAR
2.6119

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