SCARCITY to QAR Converter and calculator


Conversion rates
Convert SCARCITY to QAR
Convert QAR to SCARCITY
SCARCITY to QAR chart
SCARCITY to QAR conversion data: Volatility and price changes of SCARCITY in QAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.3481 QAR | 0.3532 QAR | 0.3803 QAR | 0.7631 QAR |
Low | 0.3389 QAR | 0.3338 QAR | 0.2629 QAR | 0.2339 QAR |
Average | 0 QAR | 0 QAR | 0 QAR | 0 QAR |
Volatility | % | % | % | % |
Change | +1.29% | +0.17% | +28.52% | -41.18% |
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SCARCITY information
SCARCITY to QAR market statistics
Current SCARCITY to QAR exchange rate
SCARCITY to Qatari Rial is rising this week.More info about SCARCITY 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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SCARCITY to QAR Conversion tables
Amount | 19:26 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 SCARCITY | ر.ق0.1718 | ر.ق0.1696 | +1.29% |
1 SCARCITY | ر.ق0.3435 | ر.ق0.3391 | +1.29% |
5 SCARCITY | ر.ق1.72 | ر.ق1.7 | +1.29% |
10 SCARCITY | ر.ق3.44 | ر.ق3.39 | +1.29% |
50 SCARCITY | ر.ق17.18 | ر.ق16.96 | +1.29% |
100 SCARCITY | ر.ق34.35 | ر.ق33.91 | +1.29% |
500 SCARCITY | ر.ق171.76 | ر.ق169.56 | +1.29% |
1000 SCARCITY | ر.ق343.51 | ر.ق339.13 | +1.29% |
SCARCITY to QAR FAQ
What factors influence the conversion rate of SCARCITY to QAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of SCARCITY in the US is $0.09436 USD. Additionally, SCARCITY’s price is €0.08105 EUR in the eurozone, £0.06973 GBP in the UK, C$0.1304 CAD in Canada, ₹8.27 INR in India, ₨26.63 PKR in Pakistan, R$0.5105 BRL in Brazil, and more.
The most popular SCARCITY currency pair is the SCARCITY to Qatari Rial(QAR). The price of 1 SCARCITY (SCARCITY) in Qatari Rial (QAR) is ر.ق0.3435.
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