Convert QAR to INR – Qatari Riyals to Indian Rupees Online

For anything you buy, you pay the currency in banknotes, coins or digital money. We will help you convert your QAR currency to INR or your Qatari Riyal into Indian currency today. Read through the article to comprehend how to convert 1 QAR to INR  and learn why the value fluctuates.

Additionally, learn about these two currencies along with their conversion chart to understand the process better. 

Overview of QAR(Qatari Riyal)

QAR represents the currency of Qatar and is considered the currency code of Qatar. The sum of 100 dirhams makes 1 Qatari Riyal. Qatari Riyal or QR is often stated as rial, all the coins and notes of Qatar have been released by Qatar Central Bank. The Central Bank of Qatar precedes all the regulatory control and monetary stability of the currency.

Key Notes

• The official currency of Qatar is the Qatari Riyal. 
• QAR is staked to the USD at the rate of 1 USD/QAR 3.64 and is sanctioned to fluctuate between 3.6385 and 3.6415.
• The Qatar Central Bank controls the regulation of currency and has managerial control to balance the currency peg.
• The peg has mainly been maintained both in foreign markets and domestic markets. Although the QAR dropped to 3.81 in the year 2017 (in foreign markets) when various countries cut down diplomatic ties with Qatar based on terrorism claims.

History of QAR(Qatari Riyal)

• The Gulf Rupee was the currency of Qatar before 1966 which was issued by the Indian government.
• Upon the depreciation of the Indian currency in the year 1966, Qatar rejected the Gulf Rupee in the favour of Saudi Riyal for several months followed by Dubai and Qatar Riyal in March 1966. 
• Qatar issued its standalone Qatari Riyal currency in the year 1973. Qatar also issued its banknotes and coins in a similar format as per the previous Dubai and Qatar Riyal.

The present currency of Qatar replaced the currency Dubai Riyal in 1973, the time when Dubai enrolled in the UAE (United Arab Emirates). At present, Qatar began to release its riyal individually. The Qatar and Dubai riyal came into regulation in the year 1966, which was the time it has replaced the Indian rupee due to its devaluation.

The Qatari Riyal is pegged to USD at 3.64 QR per 1 USD. In the year 2001, the peg become official and was considered in the laws by the Royal Decree. According to the laws Qatari Riyal has to maintain the band between 3.6385 to 3.6415 rial per USD. 

While the value of Qatari Riyal was dependent on commodities just as natural gas or oil, the peg of rial brought down the potential economic shock because the prices of these commodities are labelled in USD. the gas and oil industry portrays the majority of Qatar’s GDP. 

Overview of INR(Indian Rupee)

INR is the official currency of India and is considered as a currency code of the country. The Indian currency is regulated by the Reserve Bank of India and 1 Indian Rupee is divided into 100 paise. ₹ is the symbol of Indian currency which was adopted in 2010. The design, as well as the name of Indian currency, derives from the Devanagari letter “Ra”.

The backside of the Indian banknote portrays the amount in 15 of 22 Indian official languages and the frontal part of the note displays the currency in Hindi and English. Bhutan and Nepal, the neighbouring countries of India peg their currency to the Rupee while considering it official. 

Key Notes

• The currency of India is the Indian Rupee, the currency code of India is INR, and ₹ is the symbol of Indian currency. 
• Considering the fact, the Indian economy is cash-based, fake currency circulation gets the scope via ones engaged in illegal behaviour.
• There are multiple factors that could affect the exchange rate of the Indian currency, which includes the trade flow, oil prices, and investment flows.

History of INR(Indian Rupee)

The name of Indian currency was derived from Rupiya. At first, Sultan Sher Shah Suri issued a silver coin in the 16th century.

• People who lived in modern-day India were the first to use silver coins (around the 6th century BC).
• It is believed that Sher Shah Suri (1486-1545) issued the first Rupee in India. The Rupee was based on a proportion of 40 copper pieces (paisa) per rupee.
• After the independence of India in 1947, all the currencies of earlier autonomous states were replaced with the Rupee.
• In the year 1957, the Rupee was sub-divided into 100 paise.
• From the year 1927 – to 1946 the Indian Rupee was fixed to the British Pound followed by the USD until 1975. The INR was devalued in 1975 but still holds the position amongst major currencies.

QAR to INR Forecast

Here we represent QAR to INR forecast table of the next two years for 2022 and 2023.

QAR to INR forecast by month:

Convert QAR to INR

To convert 1 QAR in Indian Rupees, you must know the value of 1 INR in Qatari Riyal today. For example, on 28th January 2022, the QAR to INR exchange rate was 20.62 INR.

Here are some examples to find the value of 1 QAR to INR today.

Note: We are using the same exchange rate QAR to INR as of 28th January 2022.

Qatari Riyal in Indian currency:

Example 1. Convert 5000 QAR to INR

Here the value of 1 QAR to INR is 20.6230

For 5000 QAR,

5000*20.623 = 103,115 INR

Example 2. Convert 3000 QAR to INR

Here the value of 1 QAR to INR is 20.6230

For 3000 QAR,

3000*20.6230 = 61,869 INR

Example 3. Convert 2000 QAR to INR

Here the value of 1 QAR to INR is 20.6230

For 2000 QAR,

2000*20.6230 = 41,246 INR

Example 4. Convert 1500 QAR to INR

Here the value of 1 QAR to INR is 20.6230

For 1500 QAR,

1500 *20.6230 = 30,934.5 INR

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Example 5. Convert 4000 QAR to INR

Here the value of 1 QAR to INR is 20.6230

For 4000 QAR,

4000 *20.6230 = 82,492 INR

QAR Vs INR

Here are the differences between QAR and INR

QAR to INR Conversion Chart

Here is a conversion chart showcasing QAR Riyal to INR conversion. Make a note that the values may fluctuate depending upon the  QAR to INR live rate. You can simply know how Qatari Riyals convert to Indian Rupees with the help of the below-specified conversion chart.

In Conclusion

If you purchase anything in exchange of Qatar or Indian currency, you have an apt idea of their value. Overviewing both the currencies and learning their histories from their establishment to their symbol and their currency code, gives a distinct clarity on the monetary structure of the economy.

Although it is easy to convert, you must never forget to consider the fact that their exchange value changes day by day. Thus, we suggest you keep a check on their present exchange rate when converting for any sole purpose. 

FAQ’s about Convert QAR to INR