Fixed Exchange Rate
In March 1975, the riyal was officially pegged to the IMF's special drawing rights (SDRs). In practice, it has been fixed at 1 U.S. dollar = 3.64 riyal since 1980, which translates to approximately 1 riyal = 27.4 cents. This rate was made official in July 2001.
| Current QAR exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD INR KRW |
| From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD INR KRW |
| From XE.com: | AUD CAD CHF EUR GBP HKD JPY USD INR KRW |
| From OANDA.com: | AUD CAD CHF EUR GBP HKD JPY USD INR KRW |
| From fxtop.com: | AUD CAD CHF EUR GBP HKD JPY USD INR KRW |
Read more about this topic: Qatari Riyal
Famous quotes containing the words fixed, exchange and/or rate:
“The permanence of all books is fixed by no effort friendly or hostile, but by their own specific gravity, or the intrinsic importance of their contents to the constant mind of man.”
—Ralph Waldo Emerson (1803–1882)
“I cannot say what poetry is; I know that our sufferings and our concentrated joy, our states of plunging far and dark and turning to come back to the world—so that the moment of intense turning seems still and universal—all are here, in a music like the music of our time, like the hero and like the anonymous forgotten; and there is an exchange here in which our lives are met, and created.”
—Muriel Rukeyser (1913–1980)
“If I die prematurely at any rate I shall be saved from being bored to death at my own success.”
—Samuel Butler (1835–1902)