EFORGE to QAR Converter and calculator


Conversion rates
Convert EFORGE to QAR
Convert QAR to EFORGE
EFORGE to QAR chart
EFORGE to QAR conversion data: Volatility and price changes of ELOFORGE in QAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.001097 QAR | -- QAR | -- QAR | -- QAR |
Low | 0.0002570 QAR | -- QAR | -- QAR | -- QAR |
Average | 0 QAR | 0 QAR | 0 QAR | 0 QAR |
Volatility | % | % | % | % |
Change | +3.22% | -- | -- | -- |
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Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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ELOFORGE information
EFORGE to QAR market statistics
Current EFORGE to QAR exchange rate
ELOFORGE to Qatari Rial is falling this week.More info about ELOFORGE 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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EFORGE to QAR Conversion tables
Amount | 21:37 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 EFORGE | ر.ق0.0005426 | ر.ق-- | +3.22% |
1 EFORGE | ر.ق0.001085 | ر.ق-- | +3.22% |
5 EFORGE | ر.ق0.005426 | ر.ق-- | +3.22% |
10 EFORGE | ر.ق0.01085 | ر.ق-- | +3.22% |
50 EFORGE | ر.ق0.05426 | ر.ق-- | +3.22% |
100 EFORGE | ر.ق0.1085 | ر.ق-- | +3.22% |
500 EFORGE | ر.ق0.5426 | ر.ق-- | +3.22% |
1000 EFORGE | ر.ق1.09 | ر.ق-- | +3.22% |
EFORGE to QAR FAQ
What factors influence the conversion rate of EFORGE to QAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of ELOFORGE in the US is $0.0002981 USD. Additionally, ELOFORGE’s price is €0.0002514 EUR in the eurozone, £0.0002181 GBP in the UK, C$0.0004102 CAD in Canada, ₹0.02617 INR in India, ₨0.08391 PKR in Pakistan, R$0.001579 BRL in Brazil, and more.
The most popular ELOFORGE currency pair is the EFORGE to Qatari Rial(QAR). The price of 1 ELOFORGE (EFORGE) in Qatari Rial (QAR) is ر.ق0.001085.
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