Exchange Rate in Qatar

Qatar Exchange Rate | Economic News & Forecasts

Qatar - Exchange Rate

The economy likely remained depressed in the second quarter, as the full effects of the lockdown and travel restrictions were felt. Since May, containment measures have been gradually eased, but international travel is expected to remain restricted until at least 1 August, which bodes poorly for the tourism and retail sectors. Moreover, historically weak hydrocarbon prices continued to weigh heavily on merchandise exports, which plummeted over 40% year-on-year in May, while the manufacturing and services sectors likely remained hampered throughout Q2 as seen by the non-oil private sector PMI falling to a new record low in May, before recovering somewhat in June. In other news, Fitch Ratings affirmed Qatar’s ‘AA-’ credit rating with a stable outlook. The ratings agency noted that solid external buffers and favorable debt dynamics allow for a robust response to limit the fiscal impact from the pandemic.

Qatar - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)0.03  -0.02  0.02  -0.02  -0.01  

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Qatar Exchange Rate Chart

Qatar Exchange Rate

Qatar Facts

Value Change Date
Exchange Rate3.64-0.03 %Dec 31
Stock Market0.10.34 %Jan 07

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