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:
“I, who travel most often for my pleasure, do not direct myself so badly. If it looks ugly on the right, I take the left; if I find myself unfit to ride my horse, I stop.... Have I left something unseen behind me? I go back; it is still on my road. I trace no fixed line, either straight or crooked.”
—Michel de Montaigne (1533–1592)
“But come what sorrow can,
It cannot countervail the exchange of joy
That one short minute gives me in her sight.”
—William Shakespeare (1564–1616)
“Writing a book I have found to be like building a house. A man forms a plan, and collects materials. He thinks he has enough to raise a large and stately edifice; but after he has arranged, compacted and polished, his work turns out to be a very small performance. The authour however like the builder, knows how much labour his work has cost him; and therefore estimates it at a higher rate than other people think it deserves,”
—James Boswell (1740–1795)