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Maker to Qatari Rial Converter and calculator

Convert 1Maker (MKR) to Qatari Rial (QAR) equals ر.ق 10,666.34 | 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 Maker currency pair is the MKR to QAR, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for QAR.

MKR to QAR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Maker has changed -8.79% to QAR. Based on the trend and price charts, Maker(MKR) has changed -8.79% to QAR while Qatari Rial(QAR) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
ر.ق10,761.75
0.0001% / 0.0004%vip-iconVIP
Binance
ر.ق10,769.39
0.1000% / 0.1000%
Yes
OKX
ر.ق10,765.02
0.080% / 0.100%
Yes
Huobi
ر.ق10,762
0.1000% / 0.1000%
Yes
Gate.io
ر.ق10,765.9
0.1000% / 0.1000%
Yes
Bybit
ر.ق10,761.75
0.1000% / 0.1000%
Yes
KuCoin
ر.ق10,775.88
0.1000% / 0.1000%
Yes
Bitfinex
ر.ق10,772.67
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 05:00:36(UTC+0)

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

Maker to Qatari Rial is falling this week.
Maker's current market price is ر.ق 10,666.34 per MKR, with a total market cap of ر.ق 9,863,353,000.37 QAR based on a circulating supply of 924,717.25 MKR. The trading volume of Maker has changed by +4.81% (ر.ق 21,960,970.99 QAR) in the last 24 hours. Last trading day, MKR's trading volume was ر.ق 456,749,464.28.
Market cap
$2.71B
24h volume
$131.44M
Circulating supply
924.72K MKR

Conversion tables

The exchange rate of Maker is increasing.
1 MKR is currently valued at ر.ق 10,666.34 QAR , which means buying 5 MKR will cost ر.ق 53,331.72 QAR . Similarly, ر.ق1 QAR can be traded for 0.{4}9375 MKR, and ر.ق50 QAR can be converted to 0.004688 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Qatari Rial has changed by -13.24% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.79%, reaching a high of 11,663.21 QAR and a low of 10,358.85 QAR . One month ago, the value of 1 MKR was ر.ق 9,984.49 QAR , which represents a +6.83% change from its current value. Over the last year, Maker has changed by
+ر.ق
766.31QAR
, resulting in a change of +307.73% in its value.

MKR to QAR

Amount
05:37 am today
0.5 MKR
ر.ق5,333.17
1 MKR
ر.ق10,666.34
5 MKR
ر.ق53,331.72
10 MKR
ر.ق106,663.45
50 MKR
ر.ق533,317.24
100 MKR
ر.ق1,066,634.47
500 MKR
ر.ق5,333,172.35
1000 MKR
ر.ق10,666,344.7

QAR to MKR

Amount05:37 am today
0.5QAR0.{4}4688  MKR
1QAR0.{4}9375  MKR
5QAR0.0004688  MKR
10QAR0.0009375  MKR
50QAR0.004688  MKR
100QAR0.009375  MKR
500QAR0.04688  MKR
1000QAR0.09375  MKR
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Today vs. 24 hours ago

Amount05:37 am today24 hours ago24h change
0.5 MKR$1,464.35$1,605.42
-8.79%
1 MKR$2,928.71$3,210.84
-8.79%
5 MKR$14,643.53$16,054.22
-8.79%
10 MKR$29,287.05$32,108.44
-8.79%
50 MKR$146,435.27$160,542.23
-8.79%
100 MKR$292,870.53$321,084.45
-8.79%
500 MKR$1,464,352.65$1,605,422.25
-8.79%
1000 MKR$2,928,705.3$3,210,844.5
-8.79%

Today vs. 1 month ago

Amount05:37 am today1 month ago1M change
0.5 MKR$1,464.35$1,370.74
+6.83%
1 MKR$2,928.71$2,741.49
+6.83%
5 MKR$14,643.53$13,707.43
+6.83%
10 MKR$29,287.05$27,414.85
+6.83%
50 MKR$146,435.27$137,074.27
+6.83%
100 MKR$292,870.53$274,148.54
+6.83%
500 MKR$1,464,352.65$1,370,742.7
+6.83%
1000 MKR$2,928,705.3$2,741,485.4
+6.83%

Today vs. 1 year ago

Amount05:37 am today1 year ago1Y change
0.5 MKR$1,464.35$359.15
+307.73%
1 MKR$2,928.71$718.3
+307.73%
5 MKR$14,643.53$3,591.48
+307.73%
10 MKR$29,287.05$7,182.95
+307.73%
50 MKR$146,435.27$35,914.76
+307.73%
100 MKR$292,870.53$71,829.52
+307.73%
500 MKR$1,464,352.65$359,147.59
+307.73%
1000 MKR$2,928,705.3$718,295.17
+307.73%

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.