LUX to QAR Converter and calculator


Conversion rates
Convert LUX to QAR
Convert QAR to LUX
LUX to QAR chart
LUX to QAR conversion data: Volatility and price changes of Lux in QAR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.002911 QAR | 0.003826 QAR | 0.007646 QAR | 0.01617 QAR |
Low | 0.002632 QAR | 0.002554 QAR | 0.002344 QAR | 0.002344 QAR |
Average | 0 QAR | 0 QAR | 0 QAR | 0 QAR |
Volatility | % | % | % | % |
Change | +3.88% | +8.69% | -61.87% | -67.59% |
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Lux information
LUX to QAR market statistics
Current LUX to QAR exchange rate
Lux to Qatari Rial is rising this week.More info about Lux 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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LUX to QAR Conversion tables
Amount | 16:16 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 LUX | ر.ق0.001536 | ر.ق0.001484 | +3.88% |
1 LUX | ر.ق0.003072 | ر.ق0.002967 | +3.88% |
5 LUX | ر.ق0.01536 | ر.ق0.01484 | +3.88% |
10 LUX | ر.ق0.03072 | ر.ق0.02967 | +3.88% |
50 LUX | ر.ق0.1536 | ر.ق0.1484 | +3.88% |
100 LUX | ر.ق0.3072 | ر.ق0.2967 | +3.88% |
500 LUX | ر.ق1.54 | ر.ق1.48 | +3.88% |
1000 LUX | ر.ق3.07 | ر.ق2.97 | +3.88% |
LUX to QAR FAQ
What factors influence the conversion rate of LUX to QAR?
Popular exchange rates — Crypto-to-Fiat converter
The price of Lux in the US is $0.0008400 USD. Additionally, Lux’s price is €0.0007118 EUR in the eurozone, £0.0006207 GBP in the UK, C$0.001161 CAD in Canada, ₹0.07454 INR in India, ₨0.2382 PKR in Pakistan, R$0.004474 BRL in Brazil, and more.
The most popular Lux currency pair is the LUX to Qatari Rial(QAR). The price of 1 Lux (LUX) in Qatari Rial (QAR) is ر.ق0.003072.
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