The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
EUR to QAR Market Data
Euro (EUR) to Qatari rial (QAR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the EUR to QAR Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Euro against the Qatari rial is to review how the EUR/QAR rate has changed over time.
The table below shows the percentage change in the EUR to QAR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The EUR to QAR exchange rate is currently witnessing notable fluctuations, recently reaching 90-day highs near 4.2926, which is 1.2% above its 3-month average of 4.241.
Current market bias: Bearish.
Key drivers:
- Interest rate differential: The European Central Bank has stable rates, while the Qatar Central Bank has cut rates, weakening the euro versus the QAR.
- Economic growth: Qatar's strong economy, boosted by increased natural gas production, supports the QAR.
- Geopolitical factors: Declining oil prices have added downward pressure on the euro.
Near-term range: The EUR to QAR is expected to trade within a stable range, slightly above recent averages.
What could change it: Upside risk includes improved consumer confidence in the Eurozone, particularly in Germany. A downside risk is a resurgence in geopolitical tensions that could further weaken the euro.
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EUR to QAR is currently bearish due to a rate cut in Qatar and strong economic growth. As oil prices fluctuate, the EUR may face pressures. Traders should watch for changes in Eurozone consumer confidence and geopolitical tensions for potential shifts
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EUR to QAR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Qatari rial across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
What is the
best Send Money conversion rate for EUR to QAR?
The best EUR to QAR exchange rate is 4.2636 from Wise. This is -0.5% compared to the mid-market rate 4.2850.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Euro (EUR) to Qatari rial (QAR) rates from different sources before making a conversion.
The above
Euro to Rial comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest EUR-QAR mid-rate and the possible savings of using various providers.
How do EUR-QAR rates compare between providers?
Looking at the full
EUR to QAR - Send Money comparison table the provider with the best EUR to QAR exchange rate is Wise at 4.2636, -0.5% from the latest mid-market rate 4.2850.
The next best is XE at 4.2593, -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.