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base info Dai

Dai to Qatari Rial Converter and calculator

Convert 1Dai (DAI) to Qatari Rial (QAR) equals ر.ق 3.64 | Bitget

QAR 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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Bitget crypto-to-fiat exchange data shows that the most popular Dai currency pair is the DAI to QAR, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for QAR.

DAI to QAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.02% to QAR. Based on the trend and price charts, Dai(DAI) has changed +0.02% to QAR while Qatari Rial(QAR) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.ق3.64
0.0001% / 0.0004%vip-iconVIP
Kraken
ر.ق3.64
0.1000% / 0.1000%
Yes
OKX
ر.ق3.64
0.080% / 0.100%
Yes
Huobi
ر.ق3.64
0.1000% / 0.1000%
Yes
Gate.io
ر.ق3.64
0.1000% / 0.1000%
Yes
Bybit
ر.ق3.64
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 19:00:28(UTC+0)

What factors influence the conversion rate of Dai to Qatari Rial?

Dai to Qatari Rial is rising this week.
Dai's current market price is ر.ق 3.64 per DAI, with a total market cap of ر.ق 19,472,593,699.49 QAR based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -35.38% (ر.ق -962,901,483.65 QAR) in the last 24 hours. Last trading day, DAI's trading volume was ر.ق 2,721,829,108.31.
Market cap
$5.35B
24h volume
$483.13M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is increasing.
1 DAI is currently valued at ر.ق 3.64 QAR , which means buying 5 DAI will cost ر.ق 18.21 QAR . Similarly, ر.ق1 QAR can be traded for 0.2746 DAI, and ر.ق50 QAR can be converted to 13.73 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Qatari Rial has changed by +0.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.02%, reaching a high of 3.64 QAR and a low of 3.64 QAR . One month ago, the value of 1 DAI was ر.ق 3.64 QAR , which represents a +0.01% change from its current value. Over the last year, Dai has changed by
+ر.ق
0.002081QAR
, resulting in a change of +0.06% in its value.

DAI to QAR

Amount
19:46 today
0.5 DAI
ر.ق1.82
1 DAI
ر.ق3.64
5 DAI
ر.ق18.21
10 DAI
ر.ق36.41
50 DAI
ر.ق182.06
100 DAI
ر.ق364.12
500 DAI
ر.ق1,820.59
1000 DAI
ر.ق3,641.17

QAR to DAI

Amount19:46 today
0.5QAR0.1373  DAI
1QAR0.2746  DAI
5QAR1.37  DAI
10QAR2.75  DAI
50QAR13.73  DAI
100QAR27.46  DAI
500QAR137.32  DAI
1000QAR274.64  DAI
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Today vs. 24 hours ago

Amount19:46 today24 hours ago24h change
0.5 DAI$0.5001$0.5000
+0.02%
1 DAI$1$0.9999
+0.02%
5 DAI$5$5
+0.02%
10 DAI$10$10
+0.02%
50 DAI$50.01$50
+0.02%
100 DAI$100.01$99.99
+0.02%
500 DAI$500.07$499.97
+0.02%
1000 DAI$1,000.13$999.93
+0.02%

Today vs. 1 month ago

Amount19:46 today1 month ago1M change
0.5 DAI$0.5001$0.5000
+0.01%
1 DAI$1$1
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50.01$50
+0.01%
100 DAI$100.01$100
+0.01%
500 DAI$500.07$500.02
+0.01%
1000 DAI$1,000.13$1,000.03
+0.01%

Today vs. 1 year ago

Amount19:46 today1 year ago1Y change
0.5 DAI$0.5001$0.4998
+0.06%
1 DAI$1$0.9996
+0.06%
5 DAI$5$5
+0.06%
10 DAI$10$10
+0.06%
50 DAI$50.01$49.98
+0.06%
100 DAI$100.01$99.96
+0.06%
500 DAI$500.07$499.78
+0.06%
1000 DAI$1,000.13$999.56
+0.06%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.