Currency Profile
The Rial is the currency officially used in Qatar. Before the Qatari Rial, the country used the Gulf Rupee as its official currency. But since 1973 the Qatari Rial has been accepted as the country's only currency, replacing the Dubai and Qatar Riyal. The currency is issued by the Qatar Central Bank and has 100 denominations.
The currency has not witnessed many fluctuations. However, the diplomatic crisis of 2017 has resulted in a fall in the currency value in the international market. The currency is pegged against the USD at a fixed rate of 3.64.
Buy/Sell Qatari Rial in INR with BookMyForex
Buying or selling Qatari Rial in India is possible in multiple ways. While you can check the rates offered by the banks in your city and choose the one that best suits your needs, however, this whole process is time consuming. Also, the major issue with banks is that they apply hidden charges that cause you to pay quite some amount on the exchange. To protect customers from paying such additional charges, BookMyForex comes with a zero margin feature. So with us, all you pay for a foreign exchange are the taxes mandated by the Government.
We keep you updated about the most current exchange rate of the Qatari Rial with our live exchange rate card, something that the banks or other vendors do not offer. We allow customers to set notification alerts to keep them informed about the exchange rate reaching their desired value. You can also freeze an exchange rate and buy or sell on that rate within the next 72 hours.
Stop Paying for Foreign Exchange
You can now save yourself from paying the hidden charges for foreign exchange by using BookMyForex. Our exchange process is fully transparent and free from any additional charges. Conducting Forex exchange with BookMyForex means that you pay only the Government taxes and nothing more.
