Exchange Rate in Qatar
Qatar - Exchange RateThe 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
|Exchange Rate (vs USD)||0.03||-0.02||0.02||-0.02||-0.01|
5 years of economic forecasts for more than 30 economic indicators.
Qatar Exchange Rate Chart
|Exchange Rate||3.64||-0.03 %||Dec 31|
|Stock Market||0.1||0.34 %||Jan 07|
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