QAR Market Update
13 May 2026 • 00:34 GMT
The Qatari Riyal remains stable against the US dollar at around 0.2743, close to its three-month average. The recent geopolitical tensions, including Iranian missile strikes and Qatar’s response with LNG production halts, have created some regional uncertainty. However, these events have not caused significant volatility in the QAR as it continues to trade within a narrow 1% range, reflecting cautious stability.
Meanwhile, the USD has slightly weakened over the past week, driven by easing geopolitical concerns and cautious Fed tone on inflation. Despite this, the dollar remains below key long-term moving averages, underscoring a cautious market sentiment.
The QAR’s position against other major currencies remains steady, with only minor fluctuations. Against the euro, it is just below its three-month average, and against the British pound, it is near seven-day highs. The currency’s stability indicates that the peg to the US dollar continues to hold firm despite regional tensions. Market participants will watch for any escalation in geopolitical risks that could influence the QAR’s outlook in the coming weeks.
📊 Quick forecast view
🔴 Mild downside
0.2710 – 0.2760
🌍 Global risk sentiment
⚪ Range-bound