X402 to QAR Converter and calculator


Conversion rates
Convert X402 to QAR
Convert QAR to X402
X402 to QAR chart
X402 to QAR conversion data: Volatility and price changes of X402 in QAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.{4}2899 QAR | -- QAR | -- QAR | -- QAR |
Low | 0.{4}2725 QAR | -- QAR | -- QAR | -- QAR |
Average | 0 QAR | 0 QAR | 0 QAR | 0 QAR |
Volatility | % | % | % | % |
Change | -0.03% | -- | -- | -- |
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X402 information
X402 to QAR market statistics
Current X402 to QAR exchange rate
X402 to Qatari Rial is falling this week.More info about X402 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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X402 to QAR Conversion tables
Amount | 10:02 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 X402 | ر.ق0.{4}1402 | ر.ق-- | -0.03% |
1 X402 | ر.ق0.{4}2805 | ر.ق-- | -0.03% |
5 X402 | ر.ق0.0001402 | ر.ق-- | -0.03% |
10 X402 | ر.ق0.0002805 | ر.ق-- | -0.03% |
50 X402 | ر.ق0.001402 | ر.ق-- | -0.03% |
100 X402 | ر.ق0.002805 | ر.ق-- | -0.03% |
500 X402 | ر.ق0.01402 | ر.ق-- | -0.03% |
1000 X402 | ر.ق0.02805 | ر.ق-- | -0.03% |
X402 to QAR FAQ
What factors influence the conversion rate of X402 to QAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of X402 in the US is $0.{5}7643 USD. Additionally, X402’s price is €0.{5}6605 EUR in the eurozone, £0.{5}5754 GBP in the UK, C$0.{4}1072 CAD in Canada, ₹0.0006779 INR in India, ₨0.002173 PKR in Pakistan, R$0.{4}4111 BRL in Brazil, and more.
The most popular X402 currency pair is the X402 to Qatari Rial(QAR). The price of 1 X402 (X402) in Qatari Rial (QAR) is ر.ق0.{4}2805.
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