SECT to QAR Converter and calculator


Conversion rates
Convert SECT to QAR
Convert QAR to SECT
SECT to QAR chart
SECT to QAR conversion data: Volatility and price changes of SECTBOT in QAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.01349 QAR | 0.01349 QAR | 0.01349 QAR | 0.2053 QAR |
Low | 0.01223 QAR | 0.01071 QAR | 0.009003 QAR | 0.007996 QAR |
Average | 0 QAR | 0 QAR | 0 QAR | 0 QAR |
Volatility | % | % | % | % |
Change | +10.25% | +25.93% | +49.78% | -93.03% |
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SECT to QAR market statistics
Current SECT to QAR exchange rate
SECTBOT to Qatari Rial is rising this week.More info about SECTBOT 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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SECT to QAR Conversion tables
Amount | 20:22 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 SECT | ر.ق0.006743 | ر.ق0.006116 | +10.25% |
1 SECT | ر.ق0.01349 | ر.ق0.01223 | +10.25% |
5 SECT | ر.ق0.06743 | ر.ق0.06116 | +10.25% |
10 SECT | ر.ق0.1349 | ر.ق0.1223 | +10.25% |
50 SECT | ر.ق0.6743 | ر.ق0.6116 | +10.25% |
100 SECT | ر.ق1.35 | ر.ق1.22 | +10.25% |
500 SECT | ر.ق6.74 | ر.ق6.12 | +10.25% |
1000 SECT | ر.ق13.49 | ر.ق12.23 | +10.25% |
SECT to QAR FAQ
What factors influence the conversion rate of SECT to QAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of SECTBOT in the US is $0.003704 USD. Additionally, SECTBOT’s price is €0.003166 EUR in the eurozone, £0.002730 GBP in the UK, C$0.005100 CAD in Canada, ₹0.3240 INR in India, ₨1.05 PKR in Pakistan, R$0.02000 BRL in Brazil, and more.
The most popular SECTBOT currency pair is the SECT to Qatari Rial(QAR). The price of 1 SECTBOT (SECT) in Qatari Rial (QAR) is ر.ق0.01349.
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