MC to QAR Converter and calculator


Conversion rates
Convert MC to QAR
Convert QAR to MC
MC to QAR chart
MC to QAR conversion data: Volatility and price changes of Merit Circle in QAR
| Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
|---|---|---|---|---|
High | 0.2994 QAR | 0.3710 QAR | 0.4470 QAR | 0.6326 QAR |
Low | 0.2791 QAR | 0.2737 QAR | 0.2737 QAR | 0.2737 QAR |
Average | 0 QAR | 0 QAR | 0 QAR | 0 QAR |
Volatility | % | % | % | % |
Change | +5.04% | -11.77% | -27.86% | -28.79% |
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| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Merit Circle information
MC to QAR market statistics
Current MC to QAR exchange rate
Merit Circle to Qatari Rial is falling this week.More info about Merit Circle on Bitget
Qatari Rial 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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MC to QAR Conversion tables
| Amount | 23:11 today | 24 hours ago | 24h change |
|---|---|---|---|
0.5 MC | ر.ق0.1448 | ر.ق0.1377 | +5.04% |
1 MC | ر.ق0.2896 | ر.ق0.2753 | +5.04% |
5 MC | ر.ق1.45 | ر.ق1.38 | +5.04% |
10 MC | ر.ق2.9 | ر.ق2.75 | +5.04% |
50 MC | ر.ق14.48 | ر.ق13.77 | +5.04% |
100 MC | ر.ق28.96 | ر.ق27.53 | +5.04% |
500 MC | ر.ق144.82 | ر.ق137.65 | +5.04% |
1000 MC | ر.ق289.64 | ر.ق275.31 | +5.04% |
MC to QAR FAQ
What factors influence the conversion rate of MC to QAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of Merit Circle in the US is $0.07954 USD. Additionally, Merit Circle’s price is €0.06842 EUR in the eurozone, £0.05978 GBP in the UK, C$0.1114 CAD in Canada, ₹6.99 INR in India, ₨22.35 PKR in Pakistan, R$0.4287 BRL in Brazil, and more.
The most popular Merit Circle currency pair is the MC to Qatari Rial(QAR). The price of 1 Merit Circle (MC) in Qatari Rial (QAR) is ر.ق0.2896.
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