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Choose the target rate for your currency exchange.read more... FTT underwritten by A-rated insurer to £1M per claim.read more... Euro, US and Canadian Dollar payments settled same day.read more... NY listed broker partners with FTT.read more...Qatar Riyal (QAR) Money Transfer 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 Qatar Riyal (QAR) Currency Exchange Quote For Your Money Transfer
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.
Money Transfers into Qatar
Money Transfers into Qatar in Qatari Riyals are easy to process. Payments can generally be made within 2 days using an advanced payment provider such as FTT.
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.
Money Transfers out of Qatar
Money Transfers out of Qatar in Qatari Riyals require some careful planning. If you send the payment directly to another bank account which is not denominated in Qatari Riyal then the bank holding the account will charge you several percent to convert the currency. The best way to avoid this charge is to use FTT Currency as we hold a Qatari Riyal account. This way your funds can leave Qatar as Riyals and be converted at beneficial exchange rates to the currency of your choice.
In addition, 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.
Why FTT Currency for Qatari Riyal Money Transfers?
FTT Currency are experts at exchanging and transferring Qatari Riyals. We save you up to 90% of the cost of sending Qatarti 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.
Latest Qatar Riyal News
Yesterday's Trading (02-Sep-2010)
GBP/QAR - closing market price was 5.6050 with a low of 5.5797 and a high of 5.6365.
USD/QAR - closing market price was 3.6400 with a low of 3.6390 and a high of 3.6405.
EUR/QAR - closing market price was 4.6665 with a low of 4.6444 and a high of 4.6863.
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Manufacturing boosts economy (source: FT)
The economy continued to perform strongly as it entered the third quarter, says the National Institute of Economic and Social Research, with growth of 0.9 per cent in the three months ending in July (source: FT)
Currencies: Dollar falls after payrolls, slides for 9th week (source: Market Watch)
Nonfarm-payrolls data for July heighten concerns over the durability of the U.S. economic recovery, putting the dollar on the defensive. (source: Market Watch)
Redenominating currencies (source: FT)
A string of zeros at the end of a currency is a pain for everyone (source: FT)
Italian growth edges up in second quarter (source: FT)
Italy's economy continues to emerge slowly from its worst post-war recession as figures show that GDP grew 0.4 per cent in the quarter to June (source: FT)
German unions seek pay rises on back of recovery (source: FT)
Germany's leading trade unions are gearing up to put forward increased wage demands in the coming months, in response to continuing evidence of faster growth in Europe's largest economy (source: FT)
Euro cedes early gains in tepid trade (source: FT)
There were low levels of activity as investors awaited non-farm payrolls, prompting sideways trading in the dollar (source: FT)
Currencies: Dollar slips as focus turns to U.S. payrolls (source: Market Watch)
The U.S. dollar slumps as traders are hesitant to make large bets ahead of Friday's U.S. payrolls report for July. (source: Market Watch)
Currencies: Dollar gains for first day in six (source: Market Watch)
The dollar turns higher against the Japanese yen and adds to gains versus the euro after better-than-anticipated reports on private payrolls and the services industry dampen worries about the U.S. economy's growth. (source: Market Watch)
Currencies: Dollar hits 4-month low on reports of Fed shift (source: Market Watch)
The U.S. dollar slips against its major rivals, weighed down by a news report that Federal Reserve officials will consider a slight policy shift. (source: Market Watch)
Euro Headed Below 1.55 (source: AME)
- Dollar Rally Set to Continue - British Pound Falls as UK Consumers Cut Back (source: AME)
The ECB Has Room to Raise Interest Rates?! (source: AME)
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Euro Extends Losses on Disappointing Data (source: AME)
- US Dollar: The Best of the Worst? - Euro Extends Losses on Disappointing Data - British Pound Gets Killed by Retail Sales (source: AME)
Will the US Dollar Continue to Rally? (source: AME)
- New Zealand Dollar Hits 6 Month Low After RBNZ Rate Cut - Will the US Dollar Continue to Rally? - Euro Could Come Under Further Pressure on German IFO Report (source: AME)
Dollar in doldrums as Fed meeting looms (source: FT)
The dollar hovers around its weakest level in months against a selection of the world's main currencies as investors increase their bets against it amid growing doubts about the US economic rebound (source: FT)
German exports surge points to rebound (source: FT)
German exports rose in June to the highest level since the collapse of the investment bank Lehman Brothers sent the global economy into a tailspin two years ago, in the latest sign of the rebound in Europe's largest economy (source: FT)
