Doha: The latest exchange rates released in Qatar indicate significant trends in the global currency market as evaluated by the Qatar News Agency. These rates, which are crucial for traders and businesses engaged in international transactions, provide insights into the relative strength of various currencies against the Qatari Riyal.
According to Qatar News Agency, the U.S. Dollar continues to maintain its stability against the Qatari Riyal, with a buying rate of 3.63000 and a selling rate of 3.65000. Meanwhile, the Omani Riyal remains one of the stronger currencies, with rates ranging from 9.40100 to 9.64900 for buying and selling, respectively. These rates suggest a stable economic interaction between Qatar and these countries.
The report further highlights the fluctuations in the exchange rates of other currencies. The New Zealand Dollar is observed at a buying rate of 2.17240 and a selling rate of 2.30040, reflecting its current market volatility. In contrast, the Saudi Riyal shows a narrower margin, with rates at 0.96400 for buying and 0.98600 for selling, indicating a relatively stable exchange rate with Qatar.
Precious metals also play a significant role in the financial landscape. Gold is traded between 5538.88000 and 5539.39000 USD, while silver is priced from 117.24700 to 117.28600 USD. Platinum's rates range from 2736.80000 to 2745.80000 USD, suggesting a steady demand in the market for these commodities.
Overall, the exchange rates provide a snapshot of Qatar's economic relationships and reflect broader global economic conditions, impacting both local and international financial strategies.