QORPO to QAR Converter and calculator


Conversion rates
Convert QORPO to QAR
Convert QAR to QORPO
QORPO to QAR chart
QORPO to QAR conversion data: Volatility and price changes of QORPO WORLD in QAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.07734 QAR | 0.07734 QAR | 0.1036 QAR | 0.3409 QAR |
Low | 0.07328 QAR | 0.06507 QAR | 0.06168 QAR | 0.06168 QAR |
Average | 0 QAR | 0 QAR | 0 QAR | 0 QAR |
Volatility | % | % | % | % |
Change | -1.26% | +12.89% | -29.61% | -79.17% |
QORPO WORLD information
QORPO to QAR market statistics
Current QORPO to QAR exchange rate
QORPO WORLD to Qatari Rial is rising this week.More info about QORPO WORLD on Bitget
Qatari Rial 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.
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QORPO to QAR Conversion tables
Amount | 20:33 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 QORPO | ر.ق0.03689 | ر.ق0.03736 | -1.26% |
1 QORPO | ر.ق0.07378 | ر.ق0.07472 | -1.26% |
5 QORPO | ر.ق0.3689 | ر.ق0.3736 | -1.26% |
10 QORPO | ر.ق0.7378 | ر.ق0.7472 | -1.26% |
50 QORPO | ر.ق3.69 | ر.ق3.74 | -1.26% |
100 QORPO | ر.ق7.38 | ر.ق7.47 | -1.26% |
500 QORPO | ر.ق36.89 | ر.ق37.36 | -1.26% |
1000 QORPO | ر.ق73.78 | ر.ق74.72 | -1.26% |
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