DRC
QAR
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Digital Reserve Currency(DRC) to Qatari Rial(QAR). This is the real-time data. The current conversion shows 1 DRC at a value of 1 DRC for 0.00 QAR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
QAR information
About Qatari Rial (QAR)
The Qatari Rial (QAR), introduced in 1973, is more than just the official currency of Qatar; it is a testament to the nation's economic growth, wealth, and cultural heritage. It is commonly abbreviated as QAR and represented by the symbol ر.ق. Emerging after Qatar gained independence from the British, the Rial replaced the Qatar and Dubai Riyal and marked a new chapter in the country's burgeoning financial landscape.
Historical Background
The introduction of the Qatari Rial was a crucial step in Qatar's journey towards economic self-sufficiency and sovereignty. The currency's establishment coincided with the rapid development of Qatar's oil and gas sectors, propelling the nation into economic prominence. The Rial symbolized not only a new monetary system but also Qatar's emergence as a significant player in the global economy.
Design and Symbolism
The design of the Qatari Rial is a reflection of Qatar's rich history and cultural identity. Banknotes feature imagery of the Qatari flag, traditional dhow boats, and prominent landmarks like the Museum of Islamic Art. These designs serve not only as a medium for financial transactions but also as symbols of Qatar's blend of tradition and modernity, showcasing its journey from a pearling economy to a global energy powerhouse.
Economic Role
The Qatari Rial plays a central role in the nation’s economy, underpinned by one of the world’s largest reserves of oil and natural gas. The currency is instrumental in facilitating trade, both domestically and internationally, and supports various sectors including finance, construction, and a growing service industry.
Monetary Policy and Stability
Managed by the Qatar Central Bank, the Rial is pegged to the US Dollar, reflecting the economic relationship between Qatar and the United States, particularly in the oil sector. This peg provides stability to the Rial, crucial in an economy heavily reliant on hydrocarbon exports, and helps to manage inflation.
International Trade and the Qatari Rial
The stability of the Qatari Rial is vital in international trade, particularly for Qatar's exports of liquefied natural gas (LNG) and petroleum products. A stable Rial is essential for maintaining competitive pricing in global markets and for attracting foreign investment in various sectors.
Bitget crypto-to-fiat exchange data shows that the most popular Digital Reserve Currency currency pair is the DRC to QAR, with for Digital Reserve Currency's currency code being DRC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for QAR.
DRC to QAR conversion rate trend
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In the past 1D, Digital Reserve Currency has changed -3.49% to QAR. Based on the trend and price charts, Digital Reserve Currency(DRC) has changed -3.49% to QAR while Qatari Rial(QAR) has changed % to DRC in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | ر.ق0.0008085 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/29 00:31:29(UTC+0)
How to buy Digital Reserve Currency
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Digital Reserve Currency (DRC)
Use a variety of payment options to buy Digital Reserve Currency on Bitget. We'll show you how.
Buy DRC (or USDT) for QAR (Qatari Rial) offers
Bitget P2P trading does not currently support direct buying of DRC with QAR. However, you can buy USDT in Bitget P2P trading first, and then buy DRC with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell DRC (or USDT) for QAR (Qatari Rial) offers
Bitget P2P trading currently does not support direct selling of DRC to QAR. However, you can first exchange DRC for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
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What factors influence the conversion rate of Digital Reserve Currency to Qatari Rial?
Digital Reserve Currency to Qatari Rial is rising this week.Digital Reserve Currency's current market price is ر.ق 0.0007809 per DRC, with a total market cap of ر.ق 780,937.71 QAR based on a circulating supply of 1,000,000,000 DRC. The trading volume of Digital Reserve Currency has changed by -37.00% (ر.ق -333.86 QAR) in the last 24 hours. Last trading day, DRC's trading volume was ر.ق 902.24.
Market cap
$214.45K
24h volume
$156.08526618
Circulating supply
1.00B DRC
Conversion tables
The exchange rate of Digital Reserve Currency is increasing.1 DRC is currently valued at ر.ق 0.0007809 QAR , which means buying 5 DRC will cost ر.ق 0.003905 QAR . Similarly, ر.ق1 QAR can be traded for 1,280.51 DRC, and ر.ق50 QAR can be converted to 64,025.59 DRC, excluding any platform or gas fees.
The exchange rate of 1 DRC to Qatari Rial has changed by +4.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.49%, reaching a high of 0.0008216 QAR and a low of 0.0007765 QAR . One month ago, the value of 1 DRC was ر.ق 0.0005671 QAR , which represents a +37.72% change from its current value. Over the last year, Digital Reserve Currency has changed by , resulting in a change of -17.52% in its value.
-ر.ق
0.0001658QARDRC to QAR
Amount
08:10 am today
0.5 DRC
ر.ق0.0003905
1 DRC
ر.ق0.0007809
5 DRC
ر.ق0.003905
10 DRC
ر.ق0.007809
50 DRC
ر.ق0.03905
100 DRC
ر.ق0.07809
500 DRC
ر.ق0.3905
1000 DRC
ر.ق0.7809
QAR to DRC
Amount08:10 am today
0.5QAR640.26 DRC
1QAR1,280.51 DRC
5QAR6,402.56 DRC
10QAR12,805.12 DRC
50QAR64,025.59 DRC
100QAR128,051.19 DRC
500QAR640,255.94 DRC
1000QAR1,280,511.88 DRC
Today vs. 24 hours ago
| Amount | 08:10 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 DRC | $0.0001072 | $0.0001111 | -3.49% |
| 1 DRC | $0.0002145 | $0.0002222 | -3.49% |
| 5 DRC | $0.001072 | $0.001111 | -3.49% |
| 10 DRC | $0.002145 | $0.002222 | -3.49% |
| 50 DRC | $0.01072 | $0.01111 | -3.49% |
| 100 DRC | $0.02145 | $0.02222 | -3.49% |
| 500 DRC | $0.1072 | $0.1111 | -3.49% |
| 1000 DRC | $0.2145 | $0.2222 | -3.49% |
Today vs. 1 month ago
| Amount | 08:10 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 DRC | $0.0001072 | $0.{4}7786 | +37.72% |
| 1 DRC | $0.0002145 | $0.0001557 | +37.72% |
| 5 DRC | $0.001072 | $0.0007786 | +37.72% |
| 10 DRC | $0.002145 | $0.001557 | +37.72% |
| 50 DRC | $0.01072 | $0.007786 | +37.72% |
| 100 DRC | $0.02145 | $0.01557 | +37.72% |
| 500 DRC | $0.1072 | $0.07786 | +37.72% |
| 1000 DRC | $0.2145 | $0.1557 | +37.72% |
Today vs. 1 year ago
| Amount | 08:10 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 DRC | $0.0001072 | $0.0001300 | -17.52% |
| 1 DRC | $0.0002145 | $0.0002600 | -17.52% |
| 5 DRC | $0.001072 | $0.001300 | -17.52% |
| 10 DRC | $0.002145 | $0.002600 | -17.52% |
| 50 DRC | $0.01072 | $0.01300 | -17.52% |
| 100 DRC | $0.02145 | $0.02600 | -17.52% |
| 500 DRC | $0.1072 | $0.1300 | -17.52% |
| 1000 DRC | $0.2145 | $0.2600 | -17.52% |
Digital Reserve Currency price prediction
What will the price of DRC be in 2025?
Based on DRC's historical price performance prediction model, the price of DRC is projected to reach $0.0003389 in 2025.
What will the price of DRC be in 2030?
In 2030, the DRC price is expected to change by +9.00%. By the end of 2030, the DRC price is projected to reach $0.0008110, with a cumulative ROI of +265.21%.
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Popular Digital Reserve Currency conversions
Check out these popular currency conversions of Digital Reserve Currency to several fiat currencies.
Digital Reserve Currency to USD
1 DRC to $ 0.0002145 USD
Digital Reserve Currency to GBP
1 DRC to £ 0.0001685 GBP
Digital Reserve Currency to EUR
1 DRC to € 0.0002027 EUR
Digital Reserve Currency to KRW
1 DRC to ₩ 0.2990 KRW
Digital Reserve Currency to CAD
1 DRC to $ 0.0003000 CAD
Digital Reserve Currency to AUD
1 DRC to $ 0.0003289 AUD
Digital Reserve Currency to JPY
1 DRC to ¥ 0.03215 JPY
Digital Reserve Currency to BRL
1 DRC to R$ 0.001290 BRL
Digital Reserve Currency to CNY
1 DRC to ¥ 0.001553 CNY
Digital Reserve Currency to TWD
1 DRC to NT$ 0.006971 TWD
Popular cryptocurrencies to QAR
Explore other cryptocurrencies based on your interest in Digital Reserve Currency.
THENA to QAR
1 THE to ر.ق 11.04 QAR
just a flipped chillguy to QAR
1 FLIPGUY to ر.ق -- QAR
Shieldeum to QAR
1 SDM to ر.ق -- QAR
Bitcoin to QAR
1 BTC to ر.ق 348,727.23 QAR
Solana to QAR
1 SOL to ر.ق 869.11 QAR
SolarX to QAR
1 SXCH to ر.ق 0.1093 QAR
XRP to QAR
1 XRP to ر.ق 5.83 QAR
Just a chill guy to QAR
1 CHILLGUY to ر.ق 1.66 QAR
Artificial Superintelligence Alliance to QAR
1 FET to ر.ق 5.86 QAR
Ethereum to QAR
1 ETH to ر.ق 12,958.76 QAR
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Digital Reserve Currency and QAR.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Digital Reserve Currency and QAR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Digital Reserve Currency in QAR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
