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:
“Our live experiences, fixed in aphorisms, stiffen into cold epigrams. Our hearts blood, as we write it, turns to mere dull ink.”
—F.H. (Francis Herbert)
“So long as the system of competition in the production and exchange of the means of life goes on, the degradation of the arts will go on; and if that system is to last for ever, then art is doomed, and will surely die; that is to say, civilization will die.”
—William Morris (18341896)
“If I die prematurely at any rate I shall be saved from being bored to death at my own success.”
—Samuel Butler (18351902)